Prescott Group Capital Management L.L.C. Boosts Stake in OneMain Holdings, Inc. (NYSE:OMF)

Prescott Group Capital Management L.L.C. raised its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 86.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,000 shares of the financial services provider's stock after acquiring an additional 70,000 shares during the period. OneMain comprises 0.5% of Prescott Group Capital Management L.L.C.'s holdings, making the stock its 15th biggest holding. Prescott Group Capital Management L.L.C. owned approximately 0.13% of OneMain worth $7,872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OMF. Callan Family Office LLC bought a new position in OneMain during the 4th quarter worth $558,000. Raymond James Financial Inc. acquired a new position in shares of OneMain in the 4th quarter valued at about $2,075,000. Arizona State Retirement System boosted its position in shares of OneMain by 0.8% during the 4th quarter. Arizona State Retirement System now owns 34,784 shares of the financial services provider's stock valued at $1,813,000 after purchasing an additional 286 shares in the last quarter. Atria Investments Inc grew its stake in OneMain by 6.6% during the fourth quarter. Atria Investments Inc now owns 60,653 shares of the financial services provider's stock worth $3,162,000 after purchasing an additional 3,733 shares during the period. Finally, Cookson Peirce & Co. Inc. increased its holdings in OneMain by 13.1% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 9,444 shares of the financial services provider's stock worth $492,000 after purchasing an additional 1,092 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

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Analysts Set New Price Targets

OMF has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price target on shares of OneMain in a research note on Monday, February 3rd. Royal Bank of Canada boosted their target price on OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Finally, StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.36.

Insider Transactions at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the business'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 transaction, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.45% of the company's stock.

OneMain Trading Down 4.5 %

Shares of OneMain stock traded down $2.21 on Monday, reaching $46.76. The stock had a trading volume of 407,415 shares, compared to its average volume of 957,270. The business's 50 day moving average is $54.39 and its two-hundred day moving average is $51.88. The company has a market cap of $5.58 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.62. OneMain Holdings, Inc. has a 1 year low of $41.70 and a 1 year high of $58.90.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Wednesday, February 12th were given a dividend of $1.04 per share. The ex-dividend date was Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 8.90%. OneMain's payout ratio is 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.