How to Buy Onemain Holdings Stock
Onemain Holdings Inc
Onemain Holdings is a credit service company located in Indiana, United States, which is part of the Financial Services sector, and is traded under the ticker OMF on the NYSE exchange.
Onemain Holdings stock last closed at $47.90, up 1.4% from the previous day, and has increased 24.97% in one year. It has overperformed other stocks in the Credit Services industry by 0.09 percentage points. Onemain Holdings stock is currently +42.26% from its 52-week low of $33.67, and -7.26% from its 52-week high of $51.65.
There are currently 119.77M OMF shares outstanding. The market capitalization of OMF is $5.74B. In the past 24 hours, 759,096 OMF shares were traded.
How to Buy Onemain Holdings Stock
Not sure how to invest in Onemain Holdings stock? Here's how.
- Figure out where to buy Onemain Holdings stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Onemain Holdings stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your payment method and add your information.
- Analyze Onemain Holdings stock: The Onemain Holdings ticker symbol is OMF. Is Onemain Holdings stock a good investment? Should you buy shares of OMF? How do OMF's underlying business fundamentals look? Do top analysts think Onemain Holdings is a good buy? Why has OMF's stock price moved recently? (Hint: Our stock market research website can help you figure out if OMF is a good stock to buy).
- Execute your OMF purchase: Decide if you will purchase OMF shares at the current market price or use a limit order to purchase OMF shares at a specific price.
- Get key alerts regarding your OMF investment: Create a watchlist to key updates about your new investment in Onemain Holdings stock.
Step 1: Figure out where to buy Onemain Holdings stock
You will need an online brokerage account to access the NYSE market and buy OMF stock.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal info so you are able to buy OMF stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create a new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on investing apps, you need to deposit funds:
Check out the video below to see the process of transferring funds into your new brokerage account.
Step 4: Analyze Onemain Holdings stock
Once you have selected the best place to buy Onemain Holdings stock, it's critical to evaluate their stock before you buy, so you truly wrap your head around the risk and upside.
Overview of key OMF info
OMF Fundamentals
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on OMF's stock page.
Is OMF stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge OMF's intrinsic value.
Using relative valuations ratios:
- OMF could be undervalued based on its P/E ratio of 8.99x, relative to Credit Services industry P/E ratio of 28.26x
- OMF could be undervalued based on its P/B ratio of 1.8x, relative to Credit Services industry P/B ratio of 4.8x
- OMF could be undervalued based on its PEG ratio of 0.18x
You can access additional valuation research on OMF's stock here.
OMF Financials at a glance
Signs that OMF is financially healthy:
- OMF earnings of $840.00M is not enough to cover its interest payments.
Signs that OMF is not financially healthy:
- OMF has a relatively high debt to equity ratio of 6.63.
- Total OMF debt is higher than 5 years ago, relative to shareholder equity.
- OMF profit margin has gone down from 31.5% to 25% in the past year.
- OMF's operating cash flow of $2.52B allows it to safely service it's debt of $19.81B.
Is it a good time to buy Onemain Holdings stock, according to analysts?
Out of 11 sell side analysts who monitor OMF, the consensus analyst rating on OMF is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent OMF Analyst Upgrades/Downgrades
Vincent Caintic, a bottom 7% analyst from Stephens & Co. maintains OMF with a strong buy rating and lowers their OMF price target from $61.00 to $57.00, on Feb 8, 2024.
Kevin Barker, a top 8% analyst from Piper Sandler downgrades OMF to a hold rating and announces their OMF price target of $49.00, on Feb 8, 2024.
Mike Grondahl, a bottom 3% analyst from Northland Securities downgrades OMF to a hold rating and announces their OMF price target of $49.00, on Jan 17, 2024.
Mark Devries, a top 21% analyst from Deutsche Bank initiates coverage on OMF with a strong buy rating and announces their OMF price target of $68.00, on Jan 10, 2024.
Michael Kaye, a top 42% analyst from Wells Fargo maintains OMF with a hold rating and raises their OMF price target from $43.00 to $48.00, on Jan 4, 2024.
You can dig deeper into what analysts are projecting on the Onemain Holdings stock forecast page.
OMF Momentum
Is OMF Making Money?
Last year, OMF earnings were $641.00M. Over the last 5 year, OMF's earnings have gone up by 10.13% per year. This was slower than the Credit Services industry average of 11.95%.
Last year, OMF revenue was $2.56B. Over the past five year, OMF's revenue has gone up by 2.08% per year. This was slower than the Credit Services industry average of 9.58%.
You can analyze OMF's earnings and revenue performance here.
Who is buying/selling OMF?
Over the last 12 months, insiders at OMF have sold more shares than they have bought.
Rajive Chadha, Chief Operating Officer EVP of OMF, was the latest OMF insider to sell. They sold $212,549.04 worth of OMF shares on Feb 20, 2024.
Get more info about who owns OMF shares here.
Can I get consistent income from OMF stock?
Onemain Holdings pays a dividend of 8.35%, compared to the Credit Services industry's average dividend yield of 4.12%. If you owned $1,000 worth of OMF stock, you would have been paid $83.51 last year.
Onemain Holdings dividend payments have consistently grown over the past 6 years but have not remained stable.
Get more data about Onemain Holdings dividend yield and history here.
What do other traders have to say about OMF?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your OMF purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, place a limit order.
Click the Open button and your broker will place your order.
If you need more help with buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your OMF investment
Now that you own some OMF shares, you'll want to keep up with your investment.
Start a watchlist to get the latest updates about your OMF stock.
OMF Feed
How to Buy Stock in Onemain Holdings
To reiterate, here are the 6 steps for buying Onemain Holdings stock:
- Figure out where to buy Onemain Holdings stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Analyze Onemain Holdings stock
- Execute your OMF purchase
- Get key alerts regarding your OMF investment
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Onemain Holdings, get started below.
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