5,400 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,400 shares of the financial services provider's stock, valued at approximately $282,000.

Several other hedge funds have also recently made changes to their positions in OMF. Barclays PLC increased its stake in shares of OneMain by 22.0% during the third quarter. Barclays PLC now owns 100,831 shares of the financial services provider's stock valued at $4,747,000 after buying an additional 18,190 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of OneMain during the third quarter valued at approximately $184,000. B. Riley Wealth Advisors Inc. boosted its position in shares of OneMain by 12.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,608 shares of the financial services provider's stock valued at $306,000 after purchasing an additional 733 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of OneMain by 12.1% during the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock valued at $37,903,000 after purchasing an additional 87,084 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of OneMain during the fourth quarter valued at approximately $26,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on OMF shares. Royal Bank of Canada boosted their target price on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Northland Capmk raised OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Barclays set a $56.00 price objective on OneMain in a research note on Friday, March 14th. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, Stephens reaffirmed an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.40.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares of the company's stock, valued at approximately $887,960.79. The trade was 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 40,000 shares of OneMain stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 368,925 shares in the company, valued at $18,446,250. This represents a 9.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,808 shares of company stock worth $3,344,751. Insiders own 0.45% of the company's stock.

OneMain Price Performance

OMF traded up $0.79 on Tuesday, reaching $52.59. 241,573 shares of the stock were exchanged, compared to its average volume of 1,186,095. The company's 50-day moving average price is $47.21 and its 200 day moving average price is $51.90. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The firm has a market capitalization of $6.26 billion, a PE ratio of 12.40, a PEG ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to analysts' expectations of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS. As a group, equities analysts forecast 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. Investors of record on Friday, May 9th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date of this dividend is Friday, May 9th. OneMain's dividend payout ratio is presently 87.95%.

About OneMain

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.