Xponance Inc. Buys New Stake in OneMain Holdings, Inc. (NYSE:OMF)

Xponance Inc. purchased a new stake in OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 4,094 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other institutional investors also recently bought and sold shares of OMF. Quantbot Technologies LP acquired a new position in OneMain in the 3rd quarter valued at $26,000. Blue Trust Inc. raised its holdings in OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 243 shares during the last quarter. Operose Advisors LLC acquired a new position in OneMain in the 3rd quarter valued at $40,000. Allworth Financial LP raised its holdings in OneMain by 368.4% in the 3rd quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 840 shares during the last quarter. Finally, ZRC Wealth Management LLC acquired a new stake in shares of OneMain during the 4th quarter worth $45,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Price Performance

NYSE:OMF opened at $50.89 on Monday. The firm has a 50-day moving average of $48.60 and a two-hundred day moving average of $45.36. The stock has a market cap of $6.10 billion, a P/E ratio of 9.57, a PEG ratio of 0.70 and a beta of 1.65. OneMain Holdings, Inc. has a 1-year low of $33.67 and a 1-year high of $51.65.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $913.90 million. OneMain had a net margin of 14.04% and a return on equity of 21.07%. During the same period in the prior year, the company posted $1.56 EPS. As a group, equities analysts expect that OneMain Holdings, Inc. will post 5.67 earnings per share for the current year.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $4.00 dividend on an annualized basis and a yield of 7.86%. OneMain’s payout ratio is currently 75.19%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price objective on OneMain from $43.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Stephens dropped their price objective on OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Royal Bank of Canada upped their price objective on OneMain from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Piper Sandler downgraded OneMain from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $49.00 in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, OneMain currently has an average rating of “Moderate Buy” and an average price target of $51.54.

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.