Xponance Inc. Has $295,000 Stake in OneMain Holdings, Inc. (NYSE:OMF)

Xponance Inc. increased its position in OneMain Holdings, Inc. (NYSE:OMF) by 31.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,655 shares of the financial services provider’s stock after buying 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of OneMain by 0.8% in the third quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after buying an additional 16,615 shares during the last quarter. Geode Capital Management LLC lifted its holdings in OneMain by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock worth $100,935,000 after purchasing an additional 13,978 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in OneMain by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock worth $66,483,000 after purchasing an additional 30,558 shares during the period. Basswood Capital Management L.L.C. raised its position in shares of OneMain by 12.3% in the third quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock valued at $48,502,000 after purchasing an additional 113,018 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of OneMain in the fourth quarter worth $46,195,000. Institutional investors own 85.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on OMF. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Stephens reissued an “overweight” rating and set a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Royal Bank of Canada increased their target price on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 price target on shares of OneMain in a research report on Monday, February 3rd. Finally, Wells Fargo & Company increased their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.17.

Insider Transactions at OneMain

In other news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.

OneMain Stock Performance

Shares of OMF stock opened at $50.46 on Friday. The firm has a fifty day moving average of $53.33 and a 200-day moving average of $51.90. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a 52-week low of $41.70 and a 52-week high of $58.90.

OneMain Announces Dividend

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

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.