The price of OneMain Holdings Inc (NYSE:OMF) shares last traded on Wall Street rose 0.62% to $48.30.
OMF stock price is now -1.86% away from the 50-day moving average and 6.88% away from the 200-day moving average. The market capitalization of the company currently stands at $5.79B.
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On February 08, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $55 to quote $49, while ‘Northland Capital’ rates the stock as ‘Market Perform’
In other news, Hedlund Michael A, pao, SVP and Group Controller sold 3,000 shares of the company’s stock on Jun 11 ’24. The stock was sold for $144,300 at an average price of $48.10. Upon completion of the transaction, the pao, SVP and Group Controller now directly owns 28,147 shares in the company, valued at $1.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, EVP & COO Conrad Micah R. sold 7,500 shares of the business’s stock. A total of $379,730 was realized by selling the stock at an average price of $50.63. This leaves the insider owning 119,525 shares of the company worth $5.77 million. A total of 0.68% of the company’s stock is owned by insiders.
During the past 12 months, OneMain Holdings Inc has had a low of $35.00 and a high of $53.65. According to the stock market information, the enterprise value for the company is $24475760640, which is based on a 9.43 price-to-earnings ratio, a 1.78 price-to-earnings-growth ratio, and a beta of 1.57. The fifty day moving average price for OMF is $49.1874 and a two-hundred day moving average price translates $45.2249 for the stock.
The latest earnings results from OneMain Holdings Inc (NYSE: OMF) was released for 2024-03-31. The net profit margin was 11.47% and return on equity was 19.60% for OMF. The company reported revenue of $1.17 billion for the quarter, compared to $1.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.22 percent.
