OneMain Holdings Stock (NYSE:OMF), Trade Ideas

OneMain Holdings

OneMain Holdings is engaged in nonprime consumer finance companies in the United States and one of only a few companies in the consumer installment lending industry. It formed after a transaction brought together two branch-based consumer finance companies with complementary strategies and locations. Its 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 one reportable segment is consumer and insurance. In addition to hundreds of branches, the company also has a significant online business. The main source of revenue is net interest income.

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Equities

News

Downgrades

Price Target

Reiteration

Markets

Analyst Ratings

Trading Ideas

General

BMO Capital Markets analyst James Fotheringham downgraded American Express Company (NYSE: AXP) to Underperform from Market Perform, 

Credit Concerns Spark Downgrades! American Express, Capital One, Synchrony Financial Hit By Credit Quality Doubts Analyst

BMO Capital Markets analyst James Fotheringham reiterated a Market Perform rating for OneMain Holdings, Inc. (NYSE: OMF) 

OneMain&#39;s Prudent Moves Amid Economic Uncertainty: Analyst Highlights Strong Forecast For FY23

Dividends

Pre-Market Outlook

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a  high dividend payout. 

Wall Street&#39;s Most Accurate Analysts Say Hold These 3 Financial Stocks With Over 5% Dividend Yields

OneMain Holdings Inc

Invesco Exchange-Traded Self-Indexed Fund Trust Invesco Russell 1000 Dynamic Multifactor ETF

Invesco Exchange-Traded Self-Indexed Fund Trust Invesco Russell 2000 Dynamic Multifactor ETF

Macro Economic Events

Economics

Federal Reserve

Bank of Canada Minutes Say Governing Council Was Still More Concerned About Upside Risks To Inflation Outlook, But Viewed Both The Upside And Downside Risks As Less Acute; Governing Council Was More Confident That Inflationary Pressures Would Continue To Ease Even As Growth Picked

Bank of Canada Minutes Say Some Members Felt There Was A Risk Of Keeping Monetary Policy More Restrictive Than Needed, Given Decline In Inflation; Others Saw A Lower Risk That Restrictive Monetary Policy Would Slow The Economy More Than Necessary To Return Inflation To Target

Craig-Hallum analyst Eric Stine maintains Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) with a Buy and lowers the price target from $159 to $147.

ENPH

Craig-Hallum Maintains Buy on Enphase Energy, Lowers Price Target to $147

Scotiabank analyst Jonathan Goldman maintains Cascades (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CAS#TSX">CAS</a>) with a Sector Perform and lowers the price target from C$13.5 to C$12.

TSX:CAS

Scotiabank Maintains Sector Perform on Cascades, Lowers Price Target to C$12

Bank of Canada Minutes Say Ahead Of Bank Of Canada's April 10 Rate Announcement, Governing Council Agreed That Any Monetary Policy Easing Would Probably Be Gradual; Governing Council Was Split Over When To Cut Rates; There Were Different Views On How Much More Assurance Was Needed To Be Confident That Inflation Was On A Sustainable Path Back To The 2% Target

Chinese-backed Swedish electric vehicle manufacturer&nbsp;Polestar Automotive Holding&nbsp;UK&nbsp;Limited&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) is reportedly ramping up efforts to diversify production outside of China&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38411281" rel="noreferrer noopener">amid escalating geopolitical tensions.</a>
CEO Thomas Ingenlath discussed Polestar&#8217;s strategy amid concerns over potential tariffs on Chinese-made EVs in Europe, indicating plans to expedite exports of the Polestar 3, manufactured in South Carolina, to the European Union, Reuters reported.
Export efforts by Chinese&nbsp;EV&nbsp;companies face increased scrutiny, particularly in Europe and the&nbsp;U.S., over allegations of overcapacity and unfair state subsidies, with the European Commission initiating an investigation last October, the report added.
Following a&nbsp;major&nbsp;ownership restructuring, with&nbsp;Geely&nbsp;Automobile Holding&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYY#OTC">GELYY</a>) and a private investment firm owned by Geely&#8217;s founder now holding a combined 69% stake, while&nbsp;Volvo Cars&#8217;&nbsp;ownership reduced to 18%, Polestar aims to navigate operational challenges amid evolving market dynamics.
Polestar aims to deliver between 155,000 to 165,000 cars in 2025,&nbsp;with a focus&nbsp;on expanding its global sales footprint, aiming for a sales distribution of 40% in Europe, 30% in the&nbsp;U.S., and 30% in the Asia-Pacific region, per the report.
Despite the ownership restructuring, Ingenlath reassured that the day-to-day operations of the automaker&nbsp;are&nbsp;expected&nbsp;to remain unaffected.
Price Action: PSNY shares are trading lower by 3.94% at $1.23 at&nbsp;the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Jeppe Gustafsson on Shutterstock

Media

GELYY

PSNY

EV Maker Polestar Expands Beyond China Amid Tariff Concerns: Report

B of A Securities analyst Ken Hoexter maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Neutral and raises the price target from $157 to $160.

B of A Securities Maintains Neutral on United Parcel Service, Raises Price Target to $160

ACNB Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACNB#NASDAQ">ACNB</a>), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and declared a regular quarterly cash dividend of $0.32 per share of ACNB Corporation common stock payable on June 14, 2024, to shareholders of record as of May 31, 2024. This per share amount reflects a 14.2% increase over the $0.28 per share paid in the second quarter of 2023, and a 6.6% increase over the $0.30 per share paid in the first quarter of 2024. This dividend declaration will result in aggregate dividend payments of approximately $2.72 million to ACNB Corporation shareholders in the second quarter of 2024. &nbsp;
"I am pleased to announce this increase in ACNB Corporation's quarterly dividend, which reflects our Board of Directors' longstanding commitment to delivering value to shareholders in the form of quarterly cash dividend payments," said James P. Helt, ACNB Corporation President &amp; Chief Executive Officer. Mr. Helt continued, "Our decision to increase the dividend is a testament to the strength of our financial position and our confidence in the future growth and profitability of ACNB Corporation. This dividend declaration also represents our second increase to the quarterly cash dividend in less than a year, and represents the fourth consecutive calendar year the Corporation has increased the quarterly cash dividend."

ACNB

ACNB Corporation Announces Increase In Quarterly Cash Dividend From $0.30 To $0.32 Per Share

TD Cowen analyst Dan Brennan maintains Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) with a Buy and raises the price target from $280 to $290.

TD Cowen Maintains Buy on Danaher, Raises Price Target to $290

B of A Securities analyst Derik De Bruin maintains Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) with a Neutral and raises the price target from $258 to $270.

B of A Securities Maintains Neutral on Danaher, Raises Price Target to $270

RBC Capital analyst Scott Heleniak maintains WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) with a Sector Perform and lowers the price target from $88 to $86.

RBC Capital Maintains Sector Perform on WR Berkley, Lowers Price Target to $86

B of A Securities analyst Jessica Reif Ehrlich maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Buy and raises the price target from $315 to $370.

SPOT

B of A Securities Maintains Buy on Spotify Technology, Raises Price Target to $370

Concord Is Poised To Boost Hipgnosis Bid To About $1.25/Share To Top Blackstone

Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) shares are trading higher Wednesday after the company posted better-than-expected first-quarter adjusted earnings per share results. Here's a <a href="https://www.benzinga.com/news/earnings/24/04/38390732/mattel-reports-mixed-q1-results-eps-beat-revenue-misses">look at the details</a>.
The Details:
Mattel reported quarterly losses of 5 cents per share which beat the analyst consensus estimate of losses of 12 cents per share.
Quarterly sales came in at $810 million, missing the analyst consensus estimate of $831.8 million by 2.62% and representing a 0.56% decrease in sales year-over-year.
Mattel said gross billings in its North America segment increased by 1%, driven by growth in Vehicles (primarily Hot Wheels) and Action Figures, Building Sets and Games, partly offset by declines in Infant, Toddler and Preschool (primarily Baby Gear) and Dolls (primarily Disney Princess and Disney Frozen).
The company expects full-year adjusted earnings in a range of $1.35 to $1.45 per share, versus the $1.39 estimate.&nbsp;
Following the print, DA Davidson analyst Linda Bolton Weiser <a href="https://www.benzinga.com/quote/MAT/analyst-ratings">maintained</a> Mattel with a Buy rating and raised the price target on the stock from $26 to $27. Also, Roth MKM maintained its Neutral rating and $21 price target on Mattel.
Related News: <a href="https://www.benzinga.com/news/24/04/38360358/whats-going-on-with-luxury-ev-maker-lucids-stock">What&#8217;s Going On With Luxury EV-Maker Lucid&#8217;s Stock?</a>
<h2 class="wp-block-heading">Should I Sell My MAT Stock?</h2>
When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.
Shares of Mattel have increased by 14% in the past year. An investor who bought shares of Mattel at the beginning of the year would make a profit of $0.57 per share if they sold it today. 
Mattel shares have an all-time high of $26.97, representing 39.42% upside from current levels.
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Mattel stock currently has an RSI of 65.56, indicating neutral conditions.
For access to advanced charting and analysis tools and stock data, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
MAT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Mattel shares are up 3.82% at $19.45 at the time of publication Wednesday.
Image: 1319631 from Pixabay

Earnings

Movers

What's Going On With Mattel Stock After Earnings?

TD Cowen analyst Yaron Werber maintains BeiGene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGNE#NASDAQ">BGNE</a>) with a Buy and raises the price target from $235 to $236.

BGNE

TD Cowen Maintains Buy on BeiGene, Raises Price Target to $236

When Indonesia's new president, Prabowo Subianto, assumes office in October he'll preside over the world's biggest nickel reserves and is widely expected to continue policies that have led to a global price slump for the battery metal and stainless steel ingredient.&nbsp;
The Southeast Asian nation accounted for more than half of global nickel production last year, but volume is only part of the story. 
Plentiful ore, cheap labor and low-cost electricity from power plants burning price-capped coal have helped Indonesia flood the world market with nickel at prices that sharply undercut competitors mining the metal elsewhere. 
Even with somewhat of a recovery since February, nickel prices are down around 19% over the past year.
This month, London-based Horizonte Minerals Plc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HZMMF#OTC">HZMMF</a>) said it couldn't raise adequate financing for a nickel project in Brazil as potential investors declined to back the project because of "the unfavorable nickel market environment." 
That's on the heels of other nickel miners including multinational heavyweights BHP Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) and Glencore (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLNCY#OTC">GLNCY</a>) saying they would&nbsp;mothball nickel operations.
"Indonesia produces some of the cheapest nickel in the world, so I think that the nickel operations in the rest of the world are going to really suffer," John Berman, chief investment officer of natural resources investment management company Berman Capital Group, told Benzinga. "Low nickel prices just give Indonesia the opportunity to gain more market share."
Also Read: <a href="https://www.benzinga.com/m-a/24/02/37318267/nickel-industry-cutbacks-to-support-prices-as-miners-brace-for-long-slump-2030s-will-likely-be-more">Nickel Industry Cutbacks To Support Prices As Miners Brace For Long Slump: &#8216;2030s Will Likely Be More Attractive&#8217;</a>
Berman thinks the president-elect will have policies similar to those of his predecessor, Joko Widodo, widely known as Jokowi.
Jokowi transformed Indonesia's nickel industry by banning the export of raw ore, requiring that value be added domestically through processing before being shipped out of the country. 
Amid the support for the domestic industry, Chinese companies began investing heavily in smelting and refining capacity that built up a steel supply chain in Indonesia. 
Indonesia now appears to be using a similar playbook to create a domestic electric vehicle battery supply chain. This time around, it appears Chinese firms may have to take a smaller slice of the pie given the interest Indonesia is seeing from companies from other nations.
"The critical challenge lies in advancing nickel processing for electric vehicle production, which will be a pivotal task for the new administration," Ahmad Syarif, a doctoral candidate in international affairs at Johns Hopkins University and an expert in Indonesian energy and natural resources issues, told Benzinga.
Even though Subianto is seen as continuing his predecessor's nickel policies, his election leaves market participants and observers wondering how he might put his own stamp on the industry, Nikhil Parikh, CEO of Indonesia-focused advisory Anise Partners, told Benzinga.
Subianto comes to the presidency from the position of defense minister. That may make him more focused on foreign relations, particularly regarding strategic partnerships and investment for natural resources such as minerals that are critical to the energy transition, Parikh said.
He will want to attract investment from the West and Middle East without alienating China, Parikh said. 
Over the next few years, Indonesia will continue to increase nickel refining capacity and leverage that to attract more of the electric vehicle supply chain, he added. 
That will mean more nickel ultimately stays in Indonesia, but for the foreseeable future it looks like the global market will continue to be awash in cheap Indonesian exports of the metal.
"I suspect it'll be full steam ahead for a while," Gregory Beischer, CEO of&nbsp;nickel miner Alaska Energy Metals Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AKEMF#OTC">AKEMF</a>), told Benzinga.
Now Read: <a href="https://www.benzinga.com/markets/commodities/24/03/37857275/exclusive-battery-companies-back-small-miners-for-long-term-provide-bright-spot-as-funding-ma">EXCLUSIVE: Battery Companies Back Small Miners For Long Term, Provide Bright Spot As Funding Market Crashes</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a>&nbsp;to get started!
Photo: Unsplash

Asia

Government

Commodities

Politics

Global

AKEMF

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HZMMF

Will Indonesia's New President Continue Nickel Policy, Which Undercuts Competitors?

TD Cowen analyst Yaron Werber maintains Ultragenyx Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RARE#NASDAQ">RARE</a>) with a Buy and raises the price target from $59 to $61.

RARE

TD Cowen Maintains Buy on Ultragenyx Pharmaceutical, Raises Price Target to $61

B of A Securities analyst Anna Lizzul maintains Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) with a Underperform and raises the price target from $110 to $115.

B of A Securities Maintains Underperform on Kimberly-Clark, Raises Price Target to $115

B of A Securities analyst Brad Sills maintains HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) with a Neutral and raises the price target from $28 to $32.

B of A Securities Maintains Neutral on HashiCorp, Raises Price Target to $32

RBC Capital analyst Daniel Perlin maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Outperform and raises the price target from $309 to $315.

RBC Capital Maintains Outperform on Visa, Raises Price Target to $315

In a report released today, Bill Ryan from Seaport Global maintained a Hold rating on OneMain Holdings (OMF – Research Report). The company's share...

Seaport Global Remains a Hold on OneMain Holdings (OMF)

OneMain lends money to subprime borrowers, a category that currently includes 100 million Americans. The company operates in 44 states and has been around since 1912.

Is It Time To Worry About OneMain Holdings' 8% Yield?

RBC Capital analyst Kenneth Lee maintained a Buy rating on OneMain Holdings (OMF – Research Report) on March 28 and set a price target of $55.00. T...

OneMain Holdings (OMF) Receives a Rating Update from a Top Analyst

In a report released today, Mihir Bhatia from Bank of America Securities maintained a Buy rating on OneMain Holdings (OMF – Research Report). The c...

Bank of America Securities Reaffirms Their Buy Rating on OneMain Holdings (OMF)

The latest update is out from OneMain Holdings (OMF). OneMain Holdings, Inc. has confirmed that Rajive Chadha has stepped down as Executive Vice Pr...

OneMain Holdings Announces Executive Leadership Changes

There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on OneMain Holdings (OMF – Research Report) and Metlife ...

Analysts Are Bullish on These Financial Stocks: OneMain Holdings (OMF), Metlife (MET)

Bank of America Securities analyst Mihir Bhatia maintained a Buy rating on OneMain Holdings (OMF – Research Report) today. The company's shares ope...

ClearBridge Value Equity Strategy Q1 2024 Portfolio Manager Commentary

OneMain Holdings (OMF – Research Report), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Michael Kaye from Wel...

OneMain Holdings: Balancing Improved Earnings with Cautious Underwriting and Economic Challenges

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Bank of New York Mellon Corporation (BK – Research ...

Analysts Offer Insights on Financial Companies: Bank of New York Mellon Corporation (BK) and OneMain Holdings (OMF)

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Press Releases

Jefferies Agrees Sale of OpNet Operations to Wind Tre, Substantially Completing Jefferies' Strategic Simplification Plan

ONEMAIN HOLDINGS, INC. REPORTS FOURTH QUARTER 2023 RESULTS

OneMain Holdings Announces Appointments of Jenny Osterhout as Chief Financial Officer and Micah Conrad as Chief Operating Officer

OneMain Holdings to Present at Bank of America Securities 2024 Financial Services Conference

OneMain Holdings to Present at 2024 RBC Capital Markets Global Financial Institutions Conference

New Research Confirms Positive Impact of OneMain's BUILD Credit Education

AM Best Affirms Credit Ratings of Insurance Subsidiaries of OneMain Holdings, Inc.

OneMain Holdings, Inc. Completes Acquisition of Foursight Capital LLC

OneMain Holdings Announces Date of First Quarter 2024 Earnings Release and Conference Call

Management

Oportun Appoints Scott Parker to its Board of Directors in Cooperation with Findell Capital

OPRT

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American Express

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Credit Acceptance Corporation - Common Stock

Credit Acceptance

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Capital One Finl

Discover Finl

Encore Capital Gr

Enova International

FirstCash Hldgs

FinVolution Group American Depositary Shares

FinVolution Gr

Joint Stock Company Kaspi.kz - American Depository Shares

Kaspi.kz

LendingClub

Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares