2,425 Shares in OneMain Holdings, Inc. (NYSE:OMF) Bought by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in OneMain Holdings, Inc. (NYSE:OMF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,425 shares of the financial services provider’s stock, valued at approximately $126,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new position in OneMain in the fourth quarter worth $26,000. FNY Investment Advisers LLC purchased a new position in OneMain in the fourth quarter worth $26,000. Albion Financial Group UT purchased a new position in OneMain in the fourth quarter worth $26,000. Continuum Advisory LLC purchased a new position in OneMain in the third quarter worth $28,000. Finally, Richardson Financial Services Inc. purchased a new position in OneMain in the fourth quarter worth $44,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

OneMain Trading Down 1.9 %

Shares of NYSE:OMF opened at $56.01 on Friday. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.46 and a beta of 1.59. The company has a 50-day moving average price of $54.66 and a 200-day moving average price of $51.34. OneMain Holdings, Inc. has a 12 month low of $41.70 and a 12 month high of $58.90.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.43%. The ex-dividend date was Wednesday, February 12th. OneMain’s dividend payout ratio (DPR) is 98.11%.

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.