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

Prescott Group Capital Management L.L.C. boosted its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 86.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 151,000 shares of the financial services provider’s stock after acquiring an additional 70,000 shares during the quarter. OneMain comprises about 0.5% of Prescott Group Capital Management L.L.C.’s portfolio, making the stock its 15th largest holding. Prescott Group Capital Management L.L.C.’s holdings in OneMain were worth $7,872,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of OneMain by 0.8% during the 3rd quarter. State Street Corp now owns 2,140,861 shares of the financial services provider’s stock worth $100,770,000 after purchasing an additional 16,615 shares during the last quarter. Geode Capital Management LLC increased its position in shares of OneMain by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,139,793 shares of the financial services provider’s stock valued at $100,935,000 after acquiring an additional 13,978 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in OneMain by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,412,436 shares of the financial services provider’s stock valued at $66,483,000 after purchasing an additional 30,558 shares during the period. Basswood Capital Management L.L.C. lifted its stake in OneMain by 12.3% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after acquiring an additional 113,018 shares in the last quarter. Finally, Argent Capital Management LLC grew its holdings in shares of OneMain by 2.3% in the fourth quarter. Argent Capital Management LLC now owns 827,710 shares of the financial services provider’s stock valued at $43,149,000 after purchasing an additional 18,534 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Royal Bank of Canada increased their target price on shares of OneMain from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Stephens reiterated an “overweight” rating and issued a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 2,808 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now directly owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

OneMain Trading Down 1.7 %

OMF stock opened at $49.38 on Friday. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth 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. The firm’s 50-day moving average is $54.54 and its two-hundred day moving average is $51.82.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date of this dividend was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is presently 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.