14,023 Shares in OneMain Holdings, Inc. $OMF Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,023 shares of the financial services provider’s stock, valued at approximately $799,000.

A number of other hedge funds also recently bought and sold shares of OMF. GAMMA Investing LLC lifted its position in OneMain by 191.9% in the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 662 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in OneMain in the first quarter valued at approximately $853,000. Envestnet Asset Management Inc. lifted its position in OneMain by 15.6% in the first quarter. Envestnet Asset Management Inc. now owns 92,189 shares of the financial services provider’s stock valued at $4,506,000 after purchasing an additional 12,407 shares during the last quarter. Invesco Ltd. lifted its position in OneMain by 16.4% in the first quarter. Invesco Ltd. now owns 335,097 shares of the financial services provider’s stock valued at $16,380,000 after purchasing an additional 47,099 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in OneMain by 4.5% in the first quarter. New York State Common Retirement Fund now owns 622,015 shares of the financial services provider’s stock valued at $30,404,000 after purchasing an additional 26,881 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Up 3.6%

Shares of OneMain stock opened at $61.30 on Tuesday. The company’s fifty day simple moving average is $58.39 and its two-hundred day simple moving average is $55.66. The company has a market cap of $7.29 billion, a P/E ratio of 11.07, a PEG ratio of 0.45 and a beta of 1.32. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $63.24.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.32. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. OneMain had a net margin of 12.63% and a return on equity of 20.65%. During the same period in the previous year, the firm earned $1.31 EPS. Analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Increases Dividend

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

Wall Street Analysts Forecast Growth

OMF has been the subject of several recent research reports. Citizens Jmp boosted their price objective on OneMain from $63.00 to $70.00 and gave the company a “market outperform” rating in a research report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of OneMain in a research report on Friday. Royal Bank Of Canada boosted their price objective on OneMain from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday. JMP Securities set a $70.00 price objective on OneMain in a research report on Monday. Finally, Citigroup reiterated an “outperform” rating on shares of OneMain in a research report on Monday. One 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.13.

About OneMain

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.