5 Dividend Stocks to Buy According to Stuart Zimmer’s Zimmer Partners

2. OneMain Holdings, Inc. (NYSE:OMF)

Zimmer Partners’ Stake Value: $37,773,000
Percentage of Zimmer Partners’ 13F Portfolio: 0.56%
Number of Hedge Fund Holders: 44
Dividend Yield: 7.99%

OneMain Holdings, Inc. (NYSE:OMF) is a consumer finance firm that specializes in non-prime personal loan origination, underwriting, and servicing. On February 2, OneMain Holdings, Inc. (NYSE:OMF) declared a quarterly dividend of $0.95 per share, up 35.7% from the previous payout of $0.70.

JPMorgan analyst Richard Shane decreased his price objective on OneMain Holdings, Inc. (NYSE:OMF) to $56 from $64 on January 19, and maintained an ‘Overweight’ rating on the stock. The analyst lowered his target multiples on consumer finance businesses by 8%.

Hedge funds are loading up on OneMain Holdings, Inc. (NYSE:OMF), as Insider Monkey’s data shows that 44 hedge funds held a stake in the company as of the end of the fourth quarter of 2021, up from 41 funds in the preceding quarter. On the other hand, Stuart Zimmer decreased his stake in OneMain Holdings, Inc. (NYSE:OMF) by 29% during Q4, leaving him with a position worth about $37.77 million as of the end of 2021.