Teacher Retirement System of Texas Buys Shares of 17,453 OneMain Holdings, Inc. (NYSE:OMF)

Teacher Retirement System of Texas bought a new position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 17,453 shares of the financial services provider's stock, valued at approximately $853,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OMF. Alpine Bank Wealth Management purchased a new stake in OneMain during the 1st quarter valued at approximately $27,000. GAMMA Investing LLC grew its holdings in OneMain by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock valued at $49,000 after buying an additional 662 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in OneMain during the 1st quarter valued at approximately $54,000. Fourth Dimension Wealth LLC purchased a new stake in OneMain during the 4th quarter valued at approximately $57,000. Finally, Farther Finance Advisors LLC grew its holdings in OneMain by 198.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,670 shares of the financial services provider's stock valued at $82,000 after buying an additional 1,110 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

OneMain Stock Performance

NYSE OMF traded up $0.26 on Friday, hitting $57.79. 355,864 shares of the stock were exchanged, compared to its average volume of 1,108,618. The stock has a fifty day moving average price of $54.22 and a two-hundred day moving average price of $52.00. The firm has a market capitalization of $6.88 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.49 and a beta of 1.32. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $60.12.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.17. OneMain had a return on equity of 19.30% and a net margin of 11.06%. The business had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $1.45 earnings per share. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a dividend of $1.04 per share. The ex-dividend date was Friday, May 9th. This represents a $4.16 annualized dividend and a dividend yield of 7.20%. OneMain's dividend payout ratio (DPR) is 87.95%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OMF shares. Barclays raised their target price on shares of OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Wells Fargo & Company raised their target price on shares of OneMain from $53.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised their target price on shares of OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, OneMain presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.78.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $52.56, for a total value of $1,051,200.00. Following the completion of the sale, the chief executive officer directly owned 323,925 shares in the company, valued at $17,025,498. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Micah R. Conrad sold 3,000 shares of OneMain stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total value of $180,000.00. Following the completion of the sale, the chief operating officer owned 98,007 shares of the company's stock, valued at $5,880,420. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,000 shares of company stock valued at $5,082,190. Corporate insiders own 0.40% of the company's stock.

OneMain Company 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.