41,512 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired a new position in OneMain Holdings, Inc. by purchasing 41,512 shares valued at approximately $2,029,000 during the first quarter.
• Analysts have recently raised their price targets for OneMain, with JPMorgan Chase increasing their objective from $50 to $63 and JMP Securities setting a target of $65.
• OneMain announced a quarterly dividend of $1.04 per share with a yield of 7.21%, to be paid on August 13th, representing a continuing commitment to shareholder returns.

XTX Topco Ltd purchased a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,512 shares of the financial services provider's stock, valued at approximately $2,029,000.

Several other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in OneMain by 14.3% in the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after acquiring an additional 1,352,604 shares during the period. Capital International Investors increased its stake in shares of OneMain by 2.1% in the fourth quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock valued at $533,729,000 after purchasing an additional 211,745 shares during the period. Brave Warrior Advisors LLC increased its stake in shares of OneMain by 0.5% during the fourth quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider's stock valued at $387,726,000 after acquiring an additional 35,448 shares during the period. Dimensional Fund Advisors LP grew its position in OneMain by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider's stock worth $181,402,000 after buying an additional 109,182 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in OneMain by 395.9% during the 4th quarter. Wellington Management Group LLP now owns 2,249,762 shares of the financial services provider's stock worth $117,280,000 after purchasing an additional 1,796,054 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of OneMain from $53.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Barclays upped their target price on shares of OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. upped their price objective on shares of OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, JMP Securities restated a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.50.

Insider Activity

In related news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the sale, the chief executive officer directly owned 275,100 shares in the company, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 3,000 shares of OneMain stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $60.00, for a total value of $180,000.00. Following the completion of the sale, the chief operating officer owned 98,007 shares of the company's stock, valued at $5,880,420. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock valued at $3,976,390 over the last quarter. 0.40% of the stock is owned by corporate insiders.

OneMain Stock Performance

OMF traded down $1.29 on Friday, reaching $56.50. The company had a trading volume of 1,818,760 shares, compared to its average volume of 1,176,720. OneMain Holdings, Inc. has a 52-week low of $38.00 and a 52-week high of $60.33. The business has a 50 day simple moving average of $55.78 and a 200 day simple moving average of $52.41. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 0.44 and a beta of 1.29.

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

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Investors of record on Monday, August 4th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 7.4%. The ex-dividend date is Monday, August 4th. OneMain's dividend payout ratio (DPR) is presently 75.09%.

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.