Bayesian Capital Management LP Takes Position in OneMain Holdings, Inc. (NYSE:OMF)

Bayesian Capital Management LP purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,400 shares of the financial services provider's stock, valued at approximately $282,000.

A number of other institutional investors have also recently added to or reduced their stakes in OMF. Albion Financial Group UT purchased a new stake in shares of OneMain during the 4th quarter valued at approximately $26,000. FNY Investment Advisers LLC acquired a new stake in shares of OneMain during the 4th quarter worth about $26,000. IFP Advisors Inc raised its holdings in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after buying an additional 495 shares during the period. Richardson Financial Services Inc. acquired a new position in OneMain in the fourth quarter valued at about $44,000. Finally, R Squared Ltd purchased a new position in OneMain during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 85.82% of the company's stock.

OneMain Stock Performance

NYSE OMF traded down $1.06 during trading hours on Friday, reaching $48.96. The company's stock had a trading volume of 1,042,306 shares, compared to its average volume of 1,037,302. The company's 50-day moving average is $47.18 and its two-hundred day moving average is $51.83. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The stock has a market cap of $5.82 billion, a PE ratio of 11.55, a PEG ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date of this dividend is Friday, May 9th. OneMain's dividend payout ratio is currently 87.95%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares of the company's stock, valued at $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas H. Shulman sold 25,000 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the sale, the chief executive officer now directly owns 343,925 shares of the company's stock, valued at $16,332,998.25. This represents a 6.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,808 shares of company stock worth $3,344,751 in the last 90 days. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on OMF shares. Royal Bank of Canada lifted their target price on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Wells Fargo & Company cut their price objective on OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, JMP Securities reissued a "market outperform" rating and set a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.40.

OneMain Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.