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

Prime Capital Investment Advisors LLC bought a new position in OneMain Holdings, Inc. (NYSE:OMF) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,533 shares of the financial services provider’s stock, valued at approximately $258,000.

Other hedge funds have also bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in OneMain in the 1st quarter worth about $27,000. SVB Wealth LLC purchased a new position in OneMain in the 1st quarter worth about $34,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in OneMain in the 1st quarter worth about $42,000. Headlands Technologies LLC purchased a new position in OneMain in the 1st quarter worth about $46,000. Finally, Legend Financial Advisors Inc. purchased a new position in OneMain in the 2nd quarter worth about $57,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Insiders Place Their Bets

In other OneMain news, CEO Douglas H. Shulman sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the transaction, the chief executive officer directly owned 275,100 shares in the company, valued at $16,360,197. This represents a 11.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by insiders.

OneMain Trading Down 5.1%

OneMain stock opened at $52.15 on Monday. The firm has a 50 day moving average of $58.73 and a 200 day moving average of $54.28. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 0.42 and a beta of 1.32. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $63.24.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Friday, July 25th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.20. OneMain had a return on equity of 20.65% and a net margin of 12.63%.The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company posted $1.02 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current year.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 8.0%. The ex-dividend date was Monday, August 4th. OneMain’s dividend payout ratio is presently 75.09%.

Wall Street Analyst Weigh In

OMF has been the subject of a number of recent analyst reports. Wall Street Zen lowered OneMain from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of OneMain in a research note on Wednesday, October 8th. Barclays boosted their price target on OneMain from $48.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Wells Fargo & Company started coverage on OneMain in a research note on Monday, August 25th. They set an “equal weight” rating for the company. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $57.00 price target (down from $63.00) on shares of OneMain in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.75.

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.