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OneMain Holdings: Right On Target And Not Too Expensive (Yet)

May 03, 2021 4:21 AM ETOneMain Holdings, Inc. (OMF)6 Comments
Daniel Moser profile picture
Daniel Moser


  • OneMain reported its Q1 earnings last week demonstrating that the business performed quite well in the quarter.
  • Management continues take a shareholder-friendly stance by increasing regular quarterly dividends to $0.70/share and authorizing a $150MM share repurchase plan.
  • On track to embark on a potentially transformational process taking the first plunge with a credit card offering in 2H 2021.

Young Boy Businessman Shoots Arrows at Target
Photo by RichVintage/E+ via Getty Images

OneMain Holdings (NYSE:OMF) shared its quarterly performance last week, and the results were quite favorable with "pretax income of $546 million and net income of $413 million for the first quarter of 2021 compared to $43 million

This article was written by

Daniel Moser profile picture
Primarily focused on finding "value" opportunities.  Tend to believe human beings are prone to emotional extremism which can create opportunities to get involved in (or exit) investments at favorable prices relative to a company's intrinsic value.  Generally picking companies to write about which I am already interested in and also appear on Seeking Alpha's "Undercovered Stocks" list. Hold an Undergraduate Business degree from the University of Tulsa where my major areas of study was finance and minor areas were economics and political science.

Analyst’s Disclosure: I am/we are long OMF. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (6)

Should have been buying in stock earlier great business but looks like it is being run mostly for Apollo now I will be glad when they are gone
@Lieblong 10 I own 2 million shares plus the company should have been buy the shares in earlier, also I’m one of the founding shareholders in HOMB which is ran totally for the shareholders just look at insider ownership not to much in welfare options for the board but real money was put on the table
Thanks for another good article on OneMain Financial. The news today that Apollo Global Management is near a deal to buy AOL and Yahoo from Verizon could explain why Apollo is offering to sell a portion of their OMF shares; they may be raising capital for that or another new investment.
FlaYankee profile picture
I felt it was market overreaction to a secondary from which the company sold no shares nor raised any proceeds so I purchased aggressively as I had OMF on my watch list. I was waiting for a reasonable pullback and it was finally at hand. OMF tends to trade with abrupt swings up and down so it pays to track its pricing to take advantage of sell offs. Potential is there and when you factor in possible bonus dividend payouts the yield far exceeds what it shows on the stock which is good enough at over 5%.
Daniel Moser profile picture
Agreed. It seems like the phrase secondary offering throws people off as they just sell first and read two lines deeper later.
Hampton108 profile picture
@FlaYankee Very true about those abrupt swings...also own APAM and its share price reacts the same way...
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