Vista Finance LLC Increases Stock Holdings in OneMain Holdings, Inc. $OMF

Vista Finance LLC raised its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,073 shares of the financial services provider’s stock after buying an additional 279 shares during the quarter. OneMain comprises approximately 0.3% of Vista Finance LLC’s portfolio, 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 quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OMF. Alpine Bank Wealth Management purchased a new position in OneMain during the first quarter valued at $27,000. SVB Wealth LLC purchased a new position in shares of OneMain in the 1st quarter worth about $34,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of OneMain in the 1st quarter worth about $42,000. Headlands Technologies LLC purchased a new position in shares of OneMain in the 1st quarter worth about $46,000. Finally, GAMMA Investing LLC raised its position in shares of 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 last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered OneMain from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $57.00 price target (down previously from $63.00) on shares of OneMain in a research report on Tuesday, October 7th. Citigroup reaffirmed an “outperform” rating on shares of OneMain in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research report on Wednesday, October 8th. Finally, JMP Securities reduced their price objective on OneMain from $65.00 to $63.00 and set a “market outperform” rating for the company in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and an average price target of $60.50.

OneMain Stock Up 1.7%

Shares of NYSE:OMF opened at $54.19 on Friday. The firm’s 50 day moving average price is $58.57 and its 200-day moving average price is $54.42. OneMain Holdings, Inc. has a twelve month low of $38.00 and a twelve month high of $63.24. The stock has a market capitalization of $6.44 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 0.43 and a beta of 1.32.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business earned $1.02 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

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 $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Monday, August 4th. OneMain’s dividend payout ratio is 75.09%.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were 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 $16,360,197. This represents a 11.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by company insiders.

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.