Prime Capital Investment Advisors LLC Invests $258,000 in OneMain Holdings, Inc. $OMF

Prime Capital Investment Advisors LLC acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,533 shares of the financial services provider’s stock, valued at approximately $258,000.

Several other hedge funds have also modified their holdings of the company. Sendero Wealth Management LLC raised its holdings in shares of OneMain by 14.8% during the 2nd quarter. Sendero Wealth Management LLC now owns 17,667 shares of the financial services provider’s stock worth $1,007,000 after acquiring an additional 2,279 shares in the last quarter. Impact Capital Partners LLC raised its holdings in shares of OneMain by 2.1% during the 2nd quarter. Impact Capital Partners LLC now owns 52,813 shares of the financial services provider’s stock worth $3,010,000 after acquiring an additional 1,085 shares in the last quarter. PFG Investments LLC raised its holdings in shares of OneMain by 36.1% during the 2nd quarter. PFG Investments LLC now owns 7,506 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 1,991 shares in the last quarter. Truist Financial Corp raised its holdings in shares of OneMain by 10.9% during the 2nd quarter. Truist Financial Corp now owns 5,083 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 499 shares in the last quarter. Finally, Greenleaf Trust raised its holdings in shares of OneMain by 3.9% during the 2nd quarter. Greenleaf Trust now owns 17,796 shares of the financial services provider’s stock worth $1,014,000 after acquiring an additional 663 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $57.00 price target (down previously from $63.00) on shares of OneMain in a report on Tuesday, October 7th. Wall Street Zen lowered OneMain from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a report on Wednesday, October 8th. Barclays increased their price target on OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. Finally, Wells Fargo & Company assumed coverage on OneMain in a report on Monday, August 25th. They set an “equal weight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, OneMain has an average rating of “Moderate Buy” and an average target price of $60.75.

OneMain Stock Down 5.1%

Shares of OneMain stock opened at $52.15 on Monday. The stock’s fifty day moving average is $58.73 and its two-hundred day moving average is $54.28. The company has a market capitalization of $6.20 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. OneMain Holdings, Inc. has a 52 week low of $38.00 and a 52 week high of $63.24.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.25 by $0.20. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. OneMain had a return on equity of 20.65% and a net margin of 12.63%.OneMain’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 EPS. As a group, research analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were paid a dividend of $1.04 per share. The ex-dividend date was Monday, August 4th. This represents a $4.16 annualized dividend and a dividend yield of 8.0%. OneMain’s dividend payout ratio (DPR) is currently 75.09%.

Insider Activity at OneMain

In other news, CEO Douglas H. Shulman sold 35,000 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total transaction of $2,081,450.00. Following the transaction, the chief executive officer owned 275,100 shares in the company, valued at approximately $16,360,197. This trade represents a 11.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

OneMain 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.