Teza Capital Management LLC Takes Position in OneMain Holdings, Inc. $OMF

Key Points

• Teza Capital Management LLC has invested approximately $244,000 in OneMain Holdings, Inc. by acquiring 4,994 shares in the first quarter, according to their latest 13F filing.
• Multiple institutional investors have increased their stakes in OneMain, with 85.82% of the stock now owned by these investors, highlighting strong institutional interest in the company.
• OneMain's CEO recently sold 35,000 shares of the stock for over $2 million, indicating a significant transaction amidst ongoing insider trading activities.

Teza Capital Management LLC purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,994 shares of the financial services provider's stock, valued at approximately $244,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alpine Bank Wealth Management acquired a new stake in shares of OneMain in the first quarter valued at about $27,000. SVB Wealth LLC acquired a new stake in shares of OneMain in the first quarter valued at about $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of OneMain in the first quarter valued at about $42,000. Headlands Technologies LLC acquired a new stake in shares of OneMain in the first quarter valued at about $46,000. Finally, GAMMA Investing LLC increased its stake in shares of OneMain by 191.9% in the first 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 during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the transaction, the chief executive officer owned 275,100 shares in the company, valued at approximately $16,360,197. This represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 4,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $58.02, for a total value of $232,080.00. Following the completion of the transaction, the chief operating officer owned 101,007 shares in the company, valued at approximately $5,860,426.14. The trade was a 3.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,000 shares of company stock worth $2,664,140. Corporate insiders own 0.40% of the company's stock.

OneMain Price Performance

Shares of OneMain stock traded up $0.59 on Monday, hitting $61.17. 181,333 shares of the company's stock traded hands, compared to its average volume of 1,063,749. The company has a fifty day moving average of $58.90 and a two-hundred day moving average of $53.11. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.47 and a beta of 1.30. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $63.24.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 earnings per share. Equities research analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were issued a $1.04 dividend. The ex-dividend date was Monday, August 4th. This represents a $4.16 annualized dividend and a yield of 6.8%. OneMain's dividend payout ratio is presently 75.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on OneMain from $50.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, Wells Fargo & Company initiated coverage on OneMain in a research report on Monday, August 25th. They set an "equal weight" rating on the stock. One 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.50.

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.