Prescott Group Capital Management L.L.C. Purchases 70,000 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Prescott Group Capital Management L.L.C. lifted its position in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 86.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,000 shares of the financial services provider's stock after purchasing an additional 70,000 shares during the period. OneMain comprises 1.1% of Prescott Group Capital Management L.L.C.'s portfolio, making the stock its 14th largest holding. Prescott Group Capital Management L.L.C. owned approximately 0.13% of OneMain worth $7,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OMF. Vanguard Group Inc. lifted its holdings in shares of OneMain by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,889,113 shares of the financial services provider's stock worth $619,779,000 after acquiring an additional 40,042 shares during the last quarter. FMR LLC grew its position in shares of OneMain by 14.3% in the 4th quarter. FMR LLC now owns 10,835,668 shares of the financial services provider's stock worth $564,863,000 after buying an additional 1,352,604 shares during the last quarter. Capital International Investors grew its position in shares of OneMain by 2.1% in the 4th quarter. Capital International Investors now owns 10,238,425 shares of the financial services provider's stock worth $533,729,000 after buying an additional 211,745 shares during the last quarter. Brave Warrior Advisors LLC boosted its stake in OneMain by 0.5% in the 4th quarter. Brave Warrior Advisors LLC now owns 7,437,670 shares of the financial services provider's stock worth $387,726,000 after purchasing an additional 35,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in OneMain by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,479,762 shares of the financial services provider's stock worth $181,402,000 after purchasing an additional 109,182 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at OneMain

In related news, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the transaction, the chief executive officer now owns 343,925 shares of the company's stock, valued at $16,332,998.25. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on OMF. JMP Securities reiterated a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a research note on Wednesday, April 30th. Evercore ISI assumed coverage on shares of OneMain in a report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Wells Fargo & Company decreased their target price on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Finally, Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $58.40.

OneMain Price Performance

NYSE:OMF traded down $0.68 during midday trading on Friday, reaching $51.79. The stock had a trading volume of 202,884 shares, compared to its average volume of 1,047,122. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The firm's fifty day simple moving average is $47.94 and its 200-day simple moving average is $51.88. The stock has a market capitalization of $6.16 billion, a P/E ratio of 12.22, a PEG ratio of 0.44 and a beta of 1.28.

OneMain (NYSE:OMF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.17. The firm had revenue of $188.00 million during the quarter, compared to the consensus estimate of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The business's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS. On average, equities research analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.03%. The ex-dividend date was Friday, May 9th. OneMain's payout ratio is presently 87.95%.

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.