Xponance Inc. Acquires 1,357 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Xponance Inc. grew its holdings in OneMain Holdings, Inc. (NYSE:OMF) by 31.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,655 shares of the financial services provider’s stock after acquiring an additional 1,357 shares during the period. Xponance Inc.’s holdings in OneMain were worth $295,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Quantinno Capital Management LP boosted its position in OneMain by 0.7% in the 3rd quarter. Quantinno Capital Management LP now owns 27,732 shares of the financial services provider’s stock valued at $1,305,000 after buying an additional 204 shares during the last quarter. SlateStone Wealth LLC boosted its holdings in 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 acquiring an additional 220 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in OneMain by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,724 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 231 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of OneMain by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,884 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 234 shares during the last quarter. Finally, Avitas Wealth Management LLC grew its position 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 buying an additional 256 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Down 1.3 %

Shares of OMF stock opened at $50.46 on Friday. The firm’s fifty day moving average price is $53.33 and its two-hundred day moving average price is $51.90. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90. The firm has a market capitalization of $6.02 billion, a P/E ratio of 11.90, a PEG ratio of 0.44 and a beta of 1.62.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 8.24%. OneMain’s payout ratio is presently 98.11%.

Insider Activity at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on OMF. Stephens reiterated an “overweight” rating and set a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. Royal Bank of Canada upped their price objective on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Evercore ISI initiated coverage on OneMain in a report on Tuesday. They set an “in-line” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and eight 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 price target of $59.17.

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.