Teza Capital Management LLC Invests $244,000 in OneMain Holdings, Inc. $OMF

Teza Capital Management LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,994 shares of the financial services provider’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in OneMain by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,736,070 shares of the financial services provider’s stock valued at $182,610,000 after purchasing an additional 256,308 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in OneMain by 21.8% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,647,875 shares of the financial services provider’s stock valued at $129,428,000 after purchasing an additional 474,161 shares in the last quarter. Royal Bank of Canada boosted its stake in OneMain by 11.1% during the 1st quarter. Royal Bank of Canada now owns 1,000,775 shares of the financial services provider’s stock valued at $48,919,000 after purchasing an additional 99,599 shares in the last quarter. Nuveen LLC bought a new position in OneMain during the 1st quarter valued at $48,282,000. Finally, Certuity LLC boosted its stake in OneMain by 86.0% during the 1st quarter. Certuity LLC now owns 930,012 shares of the financial services provider’s stock valued at $45,459,000 after purchasing an additional 430,011 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OMF. 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. Wells Fargo & Company started coverage on OneMain in a research report on Monday, August 25th. They set an “equal weight” rating for the company. Finally, JPMorgan Chase & Co. increased their price objective on OneMain from $50.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.50.

Insiders Place Their Bets

In other 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 completion of the sale, the chief executive officer owned 275,100 shares in the company, valued at $16,360,197. This represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Micah R. Conrad sold 3,000 shares of the stock in a transaction on 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 position. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock valued at $3,715,340 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

OneMain Stock Performance

Shares of NYSE:OMF opened at $60.91 on Wednesday. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $63.24. The stock has a fifty day moving average of $58.80 and a 200-day moving average of $52.94. The company has a market capitalization of $7.24 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 0.48 and a beta of 1.30.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.20. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 EPS. As a group, research analysts forecast that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.8%. OneMain’s dividend payout ratio is presently 75.09%.

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.