Bryce Point Capital LLC Makes New $799,000 Investment in OneMain Holdings, Inc. $OMF

Bryce Point Capital LLC acquired a new position in OneMain Holdings, Inc. (NYSE:OMF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,023 shares of the financial services provider’s stock, valued at approximately $799,000.

A number of other institutional investors have also added to or reduced their stakes in OMF. GAMMA Investing LLC raised its holdings in OneMain by 191.9% in the first 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 in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of OneMain in the first quarter worth $853,000. Concurrent Investment Advisors LLC grew its stake in shares of OneMain by 15.2% in the first quarter. Concurrent Investment Advisors LLC now owns 10,705 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 1,409 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of OneMain by 15.6% in the first quarter. Envestnet Asset Management Inc. now owns 92,189 shares of the financial services provider’s stock worth $4,506,000 after acquiring an additional 12,407 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of OneMain by 21.7% in the first quarter. Allworth Financial LP now owns 1,976 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 352 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OMF shares. Citizens Jmp increased their target price on OneMain from $63.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Monday. Wall Street Zen raised OneMain from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. increased their target price on OneMain from $57.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday. Royal Bank Of Canada increased their target price on OneMain from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, JMP Securities set a $70.00 price objective on OneMain in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.13.

OneMain Price Performance

OneMain stock opened at $61.30 on Tuesday. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $63.24. The stock has a market capitalization of $7.29 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 0.45 and a beta of 1.32. The business’s fifty day moving average is $58.39 and its 200 day moving average is $55.66.

OneMain (NYSE:OMF) last announced its earnings results on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.32. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.During the same period last year, the firm posted $1.31 earnings per share. As a group, sell-side analysts expect that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from OneMain’s previous quarterly dividend of $1.04. This represents a $4.20 annualized dividend and a yield of 6.9%. OneMain’s payout ratio is 71.19%.

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.