OneMain Holdings Inc. (NYSE:OMF) traded at a new 52-week high today of $51.83. Approximately 53,000 shares have changed hands today, as compared to an average 30-day volume of 630,000 shares.
OneMain Holdings is a consumer finance company and one of the few that operate on a national scale in the United States. The company”s services include providing personal loan products, offering credit and noncredit insurance, servicing loans, pursuing strategic acquisitions and dispositions of assets and businesses, and on occasion, establishing joint ventures or forming strategic alliances. The company”s segments operate in a single segment that is consumer and insurance. OMH was formed when a transaction brought together two branch-based consumer finance companies with complementary strategies and locations. In addition to hundreds of branches, the company also has a significant online business. Net interest income is the company”s main source of revenue.
Potential upside of 30.0% exists for OneMain Holdings Inc., based on a current level of $51.52 and analysts’ average consensus price target of $66.98.
OneMain Holdings Inc. share prices have moved between a 52-week high of $51.83 and a 52-week low of $12.21 and are now trading 322% above that low price at $51.52 per share.
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