Vista Finance LLC Buys 442 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Vista Finance LLC increased its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,794 shares of the financial services provider’s stock after acquiring an additional 442 shares during the quarter. Vista Finance LLC’s holdings in OneMain were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in OneMain by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider’s stock worth $619,779,000 after buying an additional 40,042 shares during the period. FMR LLC lifted its holdings in OneMain by 14.3% in the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider’s stock worth $564,863,000 after buying an additional 1,352,604 shares during the period. Capital International Investors lifted its holdings in OneMain by 2.1% in the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider’s stock worth $533,729,000 after buying an additional 211,745 shares during the period. Brave Warrior Advisors LLC lifted its holdings in OneMain by 0.5% in the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider’s stock worth $387,726,000 after buying an additional 35,448 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in OneMain by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider’s stock worth $181,402,000 after buying an additional 109,182 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

OneMain Stock Down 2.5%

OMF stock opened at $51.83 on Friday. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $58.90. The firm has a market cap of $6.17 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.31. The business has a 50 day moving average of $49.14 and a 200 day moving average of $51.65.

OneMain (NYSE:OMF) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $1.16 billion. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. On average, research 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. Shareholders of record on Friday, May 9th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date was Friday, May 9th. OneMain’s payout ratio is 87.95%.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 5,000 shares of OneMain stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total value of $261,050.00. Following the completion of the sale, the chief operating officer now owns 108,007 shares of the company’s stock, valued at approximately $5,639,045.47. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the sale, the chief executive officer now directly owns 343,925 shares of the company’s stock, valued at $16,332,998.25. The trade was a 6.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,000 shares of company stock valued at $3,448,300. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

OMF has been the subject of several research analyst reports. Northland Capmk upgraded OneMain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Northland Securities upgraded OneMain from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 8th. Barclays set a $56.00 target price on OneMain in a research note on Friday, March 14th. Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They issued an “in-line” rating and a $58.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on OneMain from $58.00 to $46.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, OneMain has a consensus rating of “Moderate Buy” and an average target price of $58.40.

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.