OneMain Sees Unusually Large Options Volume (OMF)
OneMain Holdings Inc (NYSE:OMF) was the target of some unusual options trading on Monday. Stock traders acquired 2,660 put options on the stock. This represents an increase of approximately 1,115% compared to the average volume of 219 put options.
OneMain (OMF) traded up $0.62 during trading hours on Wednesday, hitting $32.31. The company’s stock had a trading volume of 1,081,464 shares, compared to its average volume of 1,044,611. The firm has a market cap of $4,174.18, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.35 and a beta of 2.86. OneMain has a 52-week low of $22.04 and a 52-week high of $35.11.
In other OneMain news, Director Fortress Investment Group Llc sold 7,500,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Wesley R. Edens sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total value of $26,000,000.00. The disclosure for this sale can be found here. Insiders own 57.73% of the company’s stock.
OMF has been the topic of several research reports. Compass Point cut OneMain from a “buy” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research note on Friday, November 3rd. BMO Capital Markets restated a “buy” rating on shares of OneMain in a research note on Monday, November 6th. Bank of America cut OneMain from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded OneMain from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Jefferies Group restated a “buy” rating and issued a $48.00 target price on shares of OneMain in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $34.62.
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OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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