Sciencast Management LP Purchases New Position in OneMain Holdings Inc (NYSE:OMF)

Sciencast Management LP acquired a new position in shares of OneMain Holdings Inc (NYSE:OMF) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,500 shares of the financial services provider’s stock, valued at approximately $380,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its holdings in OneMain by 96.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 528 shares during the period. Meeder Asset Management Inc. increased its holdings in OneMain by 36.7% during the 4th quarter. Meeder Asset Management Inc. now owns 2,142 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 575 shares during the period. Stifel Financial Corp increased its holdings in OneMain by 5.9% during the 4th quarter. Stifel Financial Corp now owns 14,010 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 776 shares during the period. First Hawaiian Bank purchased a new position in OneMain during the 4th quarter worth $25,000. Finally, United Services Automobile Association increased its holdings in OneMain by 9.3% during the 4th quarter. United Services Automobile Association now owns 16,169 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 1,370 shares during the period. Institutional investors own 93.34% of the company’s stock.

Shares of NYSE:OMF traded up $0.27 on Friday, reaching $33.93. The company had a trading volume of 386,568 shares, compared to its average volume of 465,166. OneMain Holdings Inc has a 52-week low of $22.47 and a 52-week high of $37.29. The company has a market capitalization of $4.58 billion, a PE ratio of 6.71, a P/E/G ratio of 0.59 and a beta of 2.50.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Monday, April 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.05. The business had revenue of $720.00 million for the quarter, compared to the consensus estimate of $735.94 million. OneMain had a return on equity of 19.22% and a net margin of 11.73%. During the same period last year, the business posted $1.18 EPS. Sell-side analysts forecast that OneMain Holdings Inc will post 5.68 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.95%. OneMain’s payout ratio is 19.76%.

Several research firms have commented on OMF. JMP Securities raised their price objective on OneMain from $39.00 to $44.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 13th. Northland Securities reiterated a “hold” rating and issued a $38.00 price target on shares of OneMain in a report on Tuesday, April 30th. BMO Capital Markets lifted their price target on OneMain from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Zacks Investment Research upgraded OneMain from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Saturday, February 16th. Finally, JPMorgan Chase & Co. upgraded OneMain from an “underweight” rating to a “neutral” rating and cut their price target for the company from $34.50 to $32.00 in a report on Wednesday, January 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. OneMain presently has an average rating of “Hold” and an average price target of $39.57.

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OneMain Company Profile

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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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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