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

XTX Topco Ltd raised its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 60.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 15,332 shares of the financial services provider’s stock after buying an additional 5,759 shares during the period. XTX Topco Ltd’s holdings in OneMain were worth $743,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of OneMain by 3.1% in the first quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after buying an additional 373,900 shares in the last quarter. Capital International Investors grew its stake in shares of OneMain by 10.2% in the first quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after buying an additional 889,387 shares in the last quarter. Brave Warrior Advisors LLC grew its stake in shares of OneMain by 21.1% in the fourth quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock valued at $315,707,000 after buying an additional 1,118,166 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of OneMain by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after buying an additional 270,207 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of OneMain by 64.8% in the first quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after buying an additional 743,034 shares in the last quarter. 85.82% of the stock is owned by institutional investors.

Insider Activity at OneMain

In related news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the completion of the transaction, the senior vice president now owns 20,947 shares of the company’s stock, valued at $1,047,350. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other OneMain news, SVP Michael A. Hedlund sold 2,400 shares of OneMain stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $120,000.00. Following the transaction, the senior vice president now owns 20,947 shares in the company, valued at $1,047,350. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 1,614 shares of OneMain stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $50.00, for a total value of $80,700.00. Following the completion of the transaction, the chief operating officer now owns 110,411 shares in the company, valued at approximately $5,520,550. The disclosure for this sale can be found here. Insiders sold a total of 32,300 shares of company stock valued at $1,534,275 over the last quarter. 0.45% of the stock is owned by corporate insiders.

OneMain Stock Performance

OMF opened at $49.09 on Monday. OneMain Holdings, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $54.94. The company has a market capitalization of $5.88 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.72 and a beta of 1.56. The stock has a fifty day moving average of $48.23 and a 200-day moving average of $48.78.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. OneMain had a return on equity of 20.63% and a net margin of 12.33%. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, equities research analysts predict that OneMain Holdings, Inc. will post 5.2 earnings per share for the current fiscal year.

OneMain Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on OMF. Deutsche Bank Aktiengesellschaft decreased their target price on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised their price target on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, July 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of OneMain in a report on Tuesday, September 17th. Northland Securities raised their price target on OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Finally, JMP Securities raised their price target on OneMain from $59.00 to $60.00 and gave the company a “market outperform” rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.25.

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.