OneMain Holdings Inc. (NYSE:OMF) traded today at a new 52-week high of $60.88. This new high was reached on below average trading volume as 191,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.
Over the past year, OneMain Holdings Inc. has traded in a range of $22.25 to $60.88 and is now at $58.35, 162% above that low.
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.
OneMain Holdings Inc. (NYSE:OMF) defies analysts with a current price ($58.35) 32.2% above its average consensus price target of $39.57.
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