Vista Finance LLC Buys 279 Shares of OneMain Holdings, Inc. $OMF

Vista Finance LLC lifted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,073 shares of the financial services provider’s stock after acquiring an additional 279 shares during the quarter. OneMain makes up approximately 0.3% of Vista Finance LLC’s holdings, making the stock its 26th biggest position. Vista Finance LLC’s holdings in OneMain were worth $403,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in OneMain by 198.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,670 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 1,110 shares during the period. GAMMA Investing LLC boosted its stake in OneMain by 191.9% in the 1st quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 662 shares during the period. SG Americas Securities LLC boosted its stake in OneMain by 171.9% in the 1st quarter. SG Americas Securities LLC now owns 10,874 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 6,875 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in OneMain by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,269 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 1,147 shares during the period. Finally, Riverwater Partners LLC boosted its stake in OneMain by 17.4% in the 1st quarter. Riverwater Partners LLC now owns 5,145 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 763 shares during the period. 85.82% of the stock is currently owned by institutional investors.

OneMain Stock Performance

NYSE:OMF opened at $54.19 on Friday. The stock’s fifty day moving average is $58.57 and its 200 day moving average is $54.42. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $63.24. The firm has a market capitalization of $6.44 billion, a PE ratio of 9.78, a PEG ratio of 0.43 and a beta of 1.32.

OneMain (NYSE:OMF) last released its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm posted $1.02 EPS. OneMain’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were paid a $1.04 dividend. The ex-dividend date was Monday, August 4th. This represents a $4.16 dividend on an annualized basis and a yield of 7.7%. OneMain’s dividend payout ratio (DPR) is presently 75.09%.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction 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 sale, the chief executive officer owned 275,100 shares in the company, valued at $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

OMF has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research note on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of OneMain in a research report on Monday, October 13th. Barclays increased their target price on OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $57.00 target price (down from $63.00) on shares of OneMain in a research report on Tuesday, October 7th. Finally, JMP Securities lowered their target price on OneMain from $65.00 to $63.00 and set a “market outperform” rating for the company in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.50.

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.