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

Several other hedge funds have also made changes to their positions in OMF. Alpine Bank Wealth Management acquired a new stake in shares of OneMain during the first quarter worth about $27,000. SVB Wealth LLC acquired a new stake in OneMain in the first quarter valued at about $34,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in OneMain in the first quarter valued at about $42,000. Headlands Technologies LLC acquired a new stake in OneMain in the first quarter valued at about $46,000. Finally, GAMMA Investing LLC lifted its position in 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 purchasing an additional 662 shares during the period. Institutional investors and hedge funds own 85.82% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on OMF. JPMorgan Chase & Co. raised their price objective 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. Wells Fargo & Company began coverage on shares of OneMain in a research report on Monday, August 25th. They issued an "equal weight" rating for the company. Finally, Barclays raised their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.50.

OneMain Stock Down 1.9%

Shares of OMF traded down $1.19 on Friday, reaching $60.57. The stock had a trading volume of 611,307 shares, compared to its average volume of 763,223. The firm has a market capitalization of $7.20 billion, a PE ratio of 10.93, a PEG ratio of 0.48 and a beta of 1.30. The firm has a 50-day moving average of $58.90 and a 200 day moving average of $53.11. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $63.24.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping 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 business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the company posted $1.02 EPS. The company's revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, August 4th. OneMain's dividend payout ratio (DPR) is 75.09%.

Insider Buying and Selling

In other news, COO Micah R. Conrad sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $58.02, for a total transaction of $232,080.00. Following the completion of the transaction, the chief operating officer directly owned 101,007 shares of the company's stock, valued at $5,860,426.14. This trade represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas H. Shulman sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the transaction, the chief executive officer directly owned 275,100 shares of the company's stock, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,000 shares of company stock valued at $3,715,340. 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.