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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Alpine Bank Wealth Management bought a new stake in shares of OneMain during the 1st quarter valued at about $27,000. GAMMA Investing LLC raised its stake 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 in the last quarter. Golden State Wealth Management LLC bought a new stake in OneMain during the first quarter valued at approximately $54,000. Fourth Dimension Wealth LLC purchased a new position in OneMain in the 4th quarter worth approximately $57,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of OneMain by 198.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,670 shares of the financial services provider's stock worth $82,000 after buying an additional 1,110 shares during the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at OneMain

In related news, COO Micah R. Conrad sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $52.21, for a total transaction of $261,050.00. Following the sale, the chief operating officer owned 108,007 shares of the company's stock, valued at $5,639,045.47. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas H. Shulman sold 35,000 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the sale, the chief executive officer directly owned 275,100 shares of the company's stock, valued at approximately $16,360,197. The trade was a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock valued at $3,976,390 in the last 90 days. Company insiders own 0.40% of the company's stock.

OneMain Trading Up 0.2%

NYSE:OMF traded up $0.09 on Monday, reaching $55.54. 540,189 shares of the stock traded hands, compared to its average volume of 1,124,052. The company's fifty day simple moving average is $55.78 and its 200 day simple moving average is $52.39. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 0.44 and a beta of 1.29. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $60.33.

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

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, August 4th. OneMain's payout ratio is 75.09%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. Barclays raised their price objective on OneMain from $48.00 to $56.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their price target on shares of OneMain from $53.00 to $60.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, JMP Securities reiterated a "market outperform" rating and set a $65.00 target price on shares of OneMain in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.50.

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.