WINTON GROUP Ltd acquired a new stake in OneMain Holdings Inc (NYSE:OMF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,996 shares of the financial services provider’s stock, valued at approximately $541,000.
A number of other institutional investors and hedge funds have also modified their holdings of OMF. Global Retirement Partners LLC grew its holdings in OneMain by 96.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,075 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 528 shares during the period. CWM LLC acquired a new stake in shares of OneMain in the first quarter worth approximately $79,000. Twin Tree Management LP boosted its stake in shares of OneMain by 19.4% in the first quarter. Twin Tree Management LP now owns 2,780 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 451 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of OneMain by 211.5% in the first quarter. Advisors Asset Management Inc. now owns 4,772 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 3,240 shares during the last quarter. Finally, Quantamental Technologies LLC boosted its stake in shares of OneMain by 49.1% in the first quarter. Quantamental Technologies LLC now owns 6,156 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 2,027 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors.
OMF has been the topic of a number of research analyst reports. Compass Point lifted their price target on OneMain from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. set a €50.00 ($58.14) price target on Brenntag and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Wedbush lifted their price target on Varonis Systems from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday. Northland Securities initiated coverage on Enphase Energy in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, Zacks Investment Research lowered Zafgen from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.56.
OneMain (NYSE:OMF) last announced its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.62 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.27. OneMain had a return on equity of 19.22% and a net margin of 11.73%. The firm had revenue of $762.00 million for the quarter, compared to the consensus estimate of $743.08 million. During the same quarter last year, the business posted $1.18 earnings per share. On average, sell-side analysts expect that OneMain Holdings Inc will post 5.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 2.39%. OneMain’s payout ratio is 19.76%.
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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