Caxton Associates LP Buys 14,971 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Caxton Associates LP grew its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 255.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,825 shares of the financial services provider's stock after acquiring an additional 14,971 shares during the quarter. Caxton Associates LP's holdings in OneMain were worth $1,086,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of OMF. SlateStone Wealth LLC lifted its holdings in shares of OneMain by 3.2% in the fourth quarter. SlateStone Wealth LLC now owns 7,074 shares of the financial services provider's stock valued at $369,000 after purchasing an additional 220 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in OneMain by 5.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider's stock valued at $246,000 after acquiring an additional 231 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in OneMain by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider's stock worth $307,000 after acquiring an additional 234 shares during the last quarter. Avitas Wealth Management LLC grew its stake in shares of OneMain by 0.6% during the 4th quarter. Avitas Wealth Management LLC now owns 45,432 shares of the financial services provider's stock worth $2,368,000 after acquiring an additional 256 shares in the last quarter. Finally, Prosperity Consulting Group LLC raised its holdings in shares of OneMain by 4.8% in the fourth quarter. Prosperity Consulting Group LLC now owns 6,075 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 281 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Buying and Selling

In other news, SVP Michael A. Hedlund sold 2,808 shares of OneMain stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now owns 15,831 shares of the company's stock, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 25,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the transaction, the chief executive officer now owns 343,925 shares in the company, valued at $16,332,998.25. This trade represents a 6.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,808 shares of company stock valued at $3,344,751. Insiders own 0.45% of the company's stock.

OneMain Price Performance

OneMain stock traded down $1.06 during mid-day trading on Friday, hitting $48.96. 1,042,306 shares of the company's stock traded hands, compared to its average volume of 1,037,302. OneMain Holdings, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $58.90. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 0.44 and a beta of 1.28. The firm has a 50 day simple moving average of $47.18 and a two-hundred day simple moving average of $51.79.

OneMain (NYSE:OMF - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.55 by $0.17. The business had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. OneMain's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 EPS. On average, research analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.50%. OneMain's dividend payout ratio (DPR) is currently 87.95%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OMF shares. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their target price on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Barclays set a $56.00 price target on OneMain in a research report on Friday, March 14th. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, Stephens reissued an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $58.40.

OneMain 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.