Shares of OneMain Holdings Inc. (NYSE:OMF) traded at a new 52-week high today of $60.20. Approximately 211,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million 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.
OneMain Holdings Inc. share prices have moved between a 52-week high of $60.20 and a 52-week low of $22.25 and are now trading 168% above that low price at $59.73 per share.
OneMain Holdings Inc. (NYSE:OMF) is currently priced 33.8% above its average consensus analyst price target of $39.57.
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