WallStreetZenWallStreetZen

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 $48.35, up 0.96% from the previous day, and has increased 30.53% in one year. It has overperformed other stocks in the Credit Services industry by 0.1 percentage points. Onemain Holdings stock is currently +38.14% from its 52-week low of $35.00, and -9.88% from its 52-week high of $53.65.

There are currently 119.81M OMF shares outstanding. The market capitalization of OMF is $5.79B. In the past 24 hours, 558,379 OMF shares were traded.

How to Buy Onemain Holdings Stock

Not sure how to invest in Onemain Holdings stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your investment account: Choose your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our research, eToro is the best stock brokerage. eToro gives you:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
  • Access to world markets: From Tech to Utilities, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading exchanges.
  • Social investing: eToro boasts a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other assets: Such as ETFs and cryptos.

Get $10 towards your purchase of shares by opening an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 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

  1. 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.
  2. Provide your personal details to create a new trading account.
  1. Submit your information by hitting the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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 Price
$48.35
1w %
-3.26%
1y %
30.53%
5y %
53.49%
P/E
9.42x
P/B
1.8x
P/S
2.27x
PEG
0.17x
Revenue
$2.56B
Earnings
$617.00M
Fore. Rev. Growth
47%
Fore. Earn. Growth
69.2%
Market Cap
$5.79B
Next Earnings
Jun 12, 2024
Next Dividend
N/A

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 9.42x, relative to Credit Services industry P/E ratio of 26.92x
  • OMF could be undervalued based on its P/B ratio of 1.8x, relative to Credit Services industry P/B ratio of 4.88x
  • OMF could be undervalued based on its PEG ratio of 0.17x

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 $809.00M 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 6.44.
  • Total OMF debt is higher than 5 years ago, relative to shareholder equity.
  • OMF profit margin has gone down from 28.5% to 24.1% in the past year.
  • OMF's operating cash flow of $2.52B allows it to safely service it's debt of $19.52B.

Is it a good time to buy Onemain Holdings stock, according to analysts?

Out of 12 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

Kenneth Lee, a top 12% analyst from RBC Capital maintains OMF with a buy rating and raises their OMF price target from $50.00 to $55.00, on Apr 1, 2024.

Terence Malone, a top 36% analyst from Barclays maintains OMF with a strong buy rating and lowers their OMF price target from $57.00 to $54.00, on Feb 8, 2024.

Arren Cyganovich, a top 3% analyst from Citigroup maintains OMF with a strong buy rating and lowers their OMF price target from $54.00 to $52.00, on Feb 8, 2024.

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 9% analyst from Piper Sandler downgrades OMF to a hold rating and announces their OMF price target of $49.00, on Feb 8, 2024.

You can dig deeper into what analysts are projecting on the Onemain Holdings stock forecast page.

OMF Momentum

SMA10
49.39
SMA20
50.34
SMA50
49.67
SMA100
48.5
SMA200
44.63
MACD
-0.34
MACD Signal
0.05
MACD Histogram
-0.39
RSI
39.14
Stochastic %K
8.72
Stochastic %D
6.62
StochRSI %K
5.95
StochRSI %D
1.98

Is OMF Making Money?

Last year, OMF earnings were $617.00M. Over the last 5 year, OMF's earnings have gone up by 7.95% per year. This was slower than the Credit Services industry average of 11.79%.

Last year, OMF revenue was $2.56B. Over the past five year, OMF's revenue has gone up by 1.74% per year. This was slower than the Credit Services industry average of 10.09%.

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.

Micah R. Conrad, EVP COO of OMF, was the latest OMF insider to sell. They sold $379,732.50 worth of OMF shares on May 14, 2024.

Get more info about who owns OMF shares here.

Can I get consistent income from OMF stock?

Onemain Holdings pays a dividend of 8.36%, compared to the Credit Services industry's average dividend yield of 4.17%. If you owned $1,000 worth of OMF stock, you would have been paid $83.56 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:

Open eToro Account

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:

  1. Figure out where to buy Onemain Holdings stock
  2. Sign up for your brokerage account
  3. Deposit funds into your investment account
  4. Analyze Onemain Holdings stock
  5. Execute your OMF purchase
  6. Get key alerts regarding your OMF investment

If you require a online brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get updates on your new investment in Onemain Holdings, get started below.

NYSE: OMF
$48.35+0.46 (+0.96%)
Updated May 24, 2024
Open eToro Account
NYSE: OMF
$48.35+0.46 (+0.96%)
Updated May 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Onemain Holdings share?

As of May 24, 2024, it costs $48.35 to buy one share of Onemain Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.207 shares of OMF.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Onemain Holdings stock?

According to 12 Wall Street analysts who monitor Onemain Holdings, their consensus recommendation is to buy Onemain Holdings stock.

What is the best way to buy Onemain Holdings stock?

One way to place an order for Onemain Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.