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

XTX Topco Ltd lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 107.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 31,882 shares of the financial services provider’s stock after purchasing an additional 16,550 shares during the period. XTX Topco Ltd’s holdings in OneMain were worth $1,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OMF. Cetera Advisors LLC acquired a new stake in shares of OneMain during the first quarter worth about $493,000. SG Americas Securities LLC purchased a new position in OneMain during the 2nd quarter worth approximately $377,000. Diversify Advisory Services LLC acquired a new position in OneMain during the second quarter worth approximately $295,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of OneMain by 7.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,776 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 337 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of OneMain during the second quarter worth approximately $203,000. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Douglas H. Shulman sold 20,000 shares of OneMain stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the completion of the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the sale, the chief operating officer now owns 102,239 shares in the company, valued at approximately $5,316,428. This represents a 2.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,178 shares of company stock valued at $2,107,084. Corporate insiders own 0.45% of the company’s stock.

OneMain Stock Performance

NYSE:OMF opened at $57.43 on Monday. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.70 and a beta of 1.56. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $57.97. The stock has a fifty day moving average price of $51.32 and a two-hundred day moving average price of $49.27.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 7.24%. The ex-dividend date of this dividend was Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is 91.03%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stephens started coverage on shares of OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target for the company. JPMorgan Chase & Co. reduced their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. JMP Securities upped their price objective on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Finally, Compass Point increased their price objective on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, OneMain presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.46.

About OneMain

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.