XTX Topco Ltd Purchases 5,759 Shares of OneMain Holdings, Inc. (NYSE:OMF)

XTX Topco Ltd lifted its position in OneMain Holdings, Inc. (NYSE:OMF) by 60.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,332 shares of the financial services provider’s stock after purchasing an additional 5,759 shares during the quarter. XTX Topco Ltd’s holdings in OneMain were worth $743,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in OneMain by 6.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 200 shares during the last quarter. Blue Trust Inc. grew its holdings in OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 225 shares during the last quarter. US Bancorp DE grew its holdings in OneMain by 1.8% during the 1st quarter. US Bancorp DE now owns 14,040 shares of the financial services provider’s stock worth $717,000 after acquiring an additional 245 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in OneMain by 21.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 251 shares during the last quarter. Finally, Essex Financial Services Inc. grew its holdings in OneMain by 6.9% during the 2nd quarter. Essex Financial Services Inc. now owns 4,226 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OMF shares. Northland Securities increased their price objective on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. JMP Securities upped their target price on shares of OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 16th. Barclays cut their target price on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. upped their target price on shares of OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $60.00 target price on shares of OneMain in a research report on Tuesday, September 17th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.25.

Insiders Place Their Bets

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the sale, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael A. Hedlund sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.00, for a total transaction of $110,400.00. Following the transaction, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at $1,184,362. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,300 shares of company stock worth $1,534,275. Company insiders own 0.45% of the company’s stock.

OneMain Price Performance

Shares of NYSE:OMF opened at $49.09 on Monday. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 0.72 and a beta of 1.56. The firm’s 50 day simple moving average is $48.23 and its 200 day simple moving average is $48.78. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $54.94.

OneMain (NYSE:OMF) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same period last year, the company posted $1.01 EPS. Equities research analysts expect that OneMain Holdings, Inc. will post 5.2 earnings per share for the current year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $4.16 annualized dividend and a yield of 8.47%. OneMain’s dividend payout ratio (DPR) is currently 81.09%.

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.