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 $45.82, up 4.97% from the previous day, and has decreased 6.79% in one year. It has underperformed other stocks in the Credit Services industry by 0.17 percentage points. Onemain Holdings stock is currently +20.58% from its 52-week low of $38.00, and -22.21% from its 52-week high of $58.90.
There are currently 119.37M OMF shares outstanding. The market capitalization of OMF is $5.47B. In the past 24 hours, 1.37M 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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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 10.76x, relative to Credit Services industry P/E ratio of 28.79x
- OMF could be undervalued based on its P/B ratio of 1.71x, relative to Credit Services industry P/B ratio of 5.2x
- OMF could be undervalued based on its PEG ratio of 0.29x
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 $667.00M 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 7.12.
- Total OMF debt is higher than 5 years ago, relative to shareholder equity.
- OMF profit margin has gone down from 25% to 20.7% in the past year.
- OMF's operating cash flow of $2.70B allows it to safely service it's debt of $21.44B.
Is it a good time to buy Onemain Holdings stock, according to analysts?
Out of 7 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
Michael Kaye, a top 32% analyst from Wells Fargo maintains OMF with a hold rating and raises their OMF price target from $52.00 to $57.00, on Jan 21, 2025.
Giuliano Bologna, a top 28% analyst from Compass Point maintains OMF with a strong buy rating and raises their OMF price target from $60.00 to $63.00, on Oct 31, 2024.
Compass Point's Giuliano Bologna raised their price target on OneMain Holdings (NYSE: OMF) by 5% from $60 to $63 on 2024/10/31. The analyst maintained their Strong Buy rating on the stock.
OneMain Holdings reported its Q3 2024 earnings on 2024/10/30.
After assessing the print, Bologna argued that OneMain stock"represents a very good total return at its current valuation and should continue to outperform."
The analyst explained their bullish stance by pointing to an inflection in capital generation expected in FY 2025, which could carry through to FY 2026, and an "impressive dividend yield" of about 8% that could become "increasingly well covered."
Earnings Report
For Q3 2024, OneMain Holdings reported:
- EPS of $1.26, which missed the Zacks Consensus Estimate of $1.18 and Q3 2023's $1.57.
- Revenue of $981M, which beat the Zacks Consensus Estimate by 1.07% and Q3 2023's $900M.
Management did not provide financial guidance in its press release or earnings presentation.
Chairman & CEO Doug Shulman commented: “OneMain delivered excellent performance for the quarter with strong originations and revenue growth and continued improvements in credit trends.
“Our investments in technology, data science and new products position us well to drive shareholder value now and in the future.”
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 $509.00M. Over the last 5 year, OMF's earnings have gone up by -7.47% per year. This was slower than the Credit Services industry average of 12.51%.
Last year, OMF revenue was $2.46B. Over the past five year, OMF's revenue has gone up by -1.45% per year. This was slower than the Credit Services industry average of 9.72%.
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.
Michael A. Hedlund, pao SVP and Group Controller of OMF, was the latest OMF insider to sell. They sold $157,500.72 worth of OMF shares on Feb 21, 2025.
Get more info about who owns OMF shares here.
Can I get consistent income from OMF stock?
No, Onemain Holdings doesn't provide an income stream by paying out dividends.
What others are saying about OMF
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your OMF purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you need additional help investing in stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your OMF investment
Now that you own some shares in OMF, you'll want to keep up with your new company.
Create a watchlist to track the latest developments regarding your OMF stock.
OMF Feed
How to Buy Stock in Onemain Holdings
To summarize, here are the 6 steps to buy stock in Onemain Holdings:
- 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 need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest news on your investment in Onemain Holdings, get started below.
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