Certuity LLC Has $45.46 Million Holdings in OneMain Holdings, Inc. $OMF

Key Points

• Certuity LLC increased its stake in OneMain Holdings by 86%, acquiring a total of 930,012 shares, which now constitutes approximately 4.8% of their investment portfolio.
• OneMain recently declared a quarterly dividend of $1.04, reflecting a 7.2% yield, with a payout ratio of 75.09% as of their latest filing.
• In their latest earnings report, OneMain beat consensus estimates with $1.45 earnings per share and a 7.1% year-over-year revenue growth, reporting $1.20 billion for the quarter.

Certuity LLC grew its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 86.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 930,012 shares of the financial services provider's stock after buying an additional 430,011 shares during the quarter. OneMain accounts for about 4.8% of Certuity LLC's holdings, making the stock its 3rd biggest position. Certuity LLC owned approximately 0.78% of OneMain worth $45,459,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Cookson Peirce & Co. Inc. boosted its holdings in OneMain by 14.4% during the first quarter. Cookson Peirce & Co. Inc. now owns 10,803 shares of the financial services provider's stock worth $528,000 after purchasing an additional 1,359 shares during the last quarter. Russell Investments Group Ltd. raised its position in OneMain by 15.1% in the first quarter. Russell Investments Group Ltd. now owns 15,560 shares of the financial services provider's stock worth $760,000 after acquiring an additional 2,037 shares during the period. Independent Advisor Alliance raised its position in OneMain by 2.2% in the first quarter. Independent Advisor Alliance now owns 16,479 shares of the financial services provider's stock worth $805,000 after acquiring an additional 357 shares during the period. Nuveen LLC bought a new stake in OneMain in the first quarter worth about $48,282,000. Finally, Virtu Financial LLC bought a new stake in OneMain in the first quarter worth about $515,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Stock Performance

NYSE:OMF traded down $0.2950 during midday trading on Tuesday, reaching $57.8750. 313,523 shares of the stock traded hands, compared to its average volume of 1,095,211. The company has a fifty day moving average of $56.81 and a 200 day moving average of $52.40. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $60.33. The stock has a market capitalization of $6.88 billion, a P/E ratio of 10.44, a PEG ratio of 0.45 and a beta of 1.29.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $1.02 EPS. The firm's revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Monday, August 4th. OneMain's dividend payout ratio (DPR) is presently 75.09%.

Analyst Ratings Changes

Several analysts have recently issued reports on OMF shares. Wells Fargo & Company boosted their price target on shares of OneMain from $53.00 to $60.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Barclays boosted their price target on shares of OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. JMP Securities reissued a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.50.

Insider Transactions at OneMain

In other news, COO Micah R. Conrad sold 3,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total transaction of $180,000.00. Following the sale, the chief operating officer owned 98,007 shares of the company's stock, valued at $5,880,420. This trade represents a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas H. Shulman sold 35,000 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the sale, the chief executive officer directly owned 275,100 shares in the company, valued at approximately $16,360,197. The trade was a 11.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,000 shares of company stock worth $3,976,390. Insiders own 0.40% of the company's stock.

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.