Prescott Group Capital Management L.L.C. Sells 85,000 Shares of OneMain Holdings, Inc. (OMF)

Prescott Group Capital Management L.L.C. lessened its position in OneMain Holdings, Inc. (NYSE:OMF) by 80.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,420 shares of the financial services provider’s stock after selling 85,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in OneMain were worth $611,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in OMF. Basswood Capital Management L.L.C. grew its stake in OneMain by 62.9% in the fourth quarter. Basswood Capital Management L.L.C. now owns 2,765,855 shares of the financial services provider’s stock valued at $71,885,000 after purchasing an additional 1,068,203 shares in the last quarter. Prudential Financial Inc. grew its stake in OneMain by 3,207.2% in the first quarter. Prudential Financial Inc. now owns 793,435 shares of the financial services provider’s stock valued at $23,756,000 after purchasing an additional 769,444 shares in the last quarter. Eaton Vance Management grew its stake in OneMain by 62.0% in the fourth quarter. Eaton Vance Management now owns 1,550,833 shares of the financial services provider’s stock valued at $40,306,000 after purchasing an additional 593,268 shares in the last quarter. BlackRock Inc. grew its stake in OneMain by 21.5% in the fourth quarter. BlackRock Inc. now owns 2,804,528 shares of the financial services provider’s stock valued at $72,891,000 after purchasing an additional 497,067 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its stake in OneMain by 25.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 2,208,738 shares of the financial services provider’s stock valued at $57,406,000 after purchasing an additional 451,199 shares in the last quarter. 91.12% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on OMF shares. Piper Jaffray started coverage on OneMain in a research note on Wednesday, March 21st. They issued an “overweight” rating and a $37.00 price target for the company. Wells Fargo started coverage on OneMain in a research note on Wednesday, April 4th. They issued an “outperform” rating and a $38.00 price target for the company. UBS started coverage on OneMain in a research note on Tuesday, March 27th. They issued a “buy” rating and a $40.00 price target for the company. Zacks Investment Research downgraded OneMain from a “hold” rating to a “sell” rating in a research note on Wednesday, April 25th. Finally, Janney Montgomery Scott upgraded OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.33.



Shares of NYSE OMF opened at $33.34 on Monday. OneMain Holdings, Inc. has a 12 month low of $22.10 and a 12 month high of $36.32. The company has a market cap of $4.52 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 1.36 and a beta of 2.74.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, May 2nd. The financial services provider reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.05. OneMain had a return on equity of 16.47% and a net margin of 7.37%. The company had revenue of $662.00 million during the quarter, compared to the consensus estimate of $667.57 million. During the same period in the previous year, the company posted $0.25 EPS. research analysts anticipate that OneMain Holdings, Inc. will post 4.9 earnings per share for the current fiscal year.

OneMain Company Profile

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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Institutional Ownership by Quarter for OneMain (NYSE:OMF)

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