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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in OMF. Sanctuary Advisors LLC bought a new stake in OneMain in the second quarter worth approximately $364,000. nVerses Capital LLC increased its holdings in OneMain by 25.5% in the third quarter. nVerses Capital LLC now owns 5,900 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 1,200 shares in the last quarter. Blue Trust Inc. increased its holdings in OneMain by 64.1% in the third quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 476 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in OneMain by 9.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 51,495 shares of the financial services provider’s stock worth $2,424,000 after purchasing an additional 4,325 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in OneMain in the third quarter worth approximately $876,000. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Trading Up 3.2 %

Shares of OneMain stock opened at $56.97 on Friday. The stock has a fifty day simple moving average of $54.54 and a 200 day simple moving average of $51.14. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The company has a market capitalization of $6.80 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 0.45 and a beta of 1.59.

OneMain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Wednesday, February 12th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.16 annualized dividend and a yield of 7.30%. OneMain’s dividend payout ratio (DPR) is currently 98.11%.

Analyst Ratings Changes

OMF has been the subject of a number of research analyst reports. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Royal Bank of Canada boosted their price objective on OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Stephens restated an “overweight” rating and set a $62.00 price objective on shares of OneMain in a report on Monday, February 3rd. Finally, Compass Point boosted their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $58.36.

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.