AQR Capital Management LLC Buys 229,001 Shares of OneMain Holdings, Inc. (NYSE:OMF)

AQR Capital Management LLC boosted its stake in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 37.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 835,288 shares of the financial services provider's stock after buying an additional 229,001 shares during the quarter. AQR Capital Management LLC owned approximately 0.70% of OneMain worth $43,544,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OMF. FNY Investment Advisers LLC acquired a new stake in OneMain during the 4th quarter valued at approximately $26,000. Albion Financial Group UT acquired a new stake in OneMain during the 4th quarter worth about $26,000. Legend Financial Advisors Inc. acquired a new position in shares of OneMain in the 4th quarter valued at about $26,000. IFP Advisors Inc boosted its position in shares of OneMain by 180.0% during the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 495 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in OneMain in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 85.82% of the company's stock.

OneMain Price Performance

Shares of OMF traded up $1.53 on Thursday, reaching $50.23. The company's stock had a trading volume of 284,426 shares, compared to its average volume of 1,032,651. OneMain Holdings, Inc. has a 12-month low of $38.00 and a 12-month high of $58.90. The stock has a market capitalization of $5.98 billion, a P/E ratio of 11.86, a PEG ratio of 0.44 and a beta of 1.28. The stock's 50 day simple moving average is $47.23 and its two-hundred day simple moving average is $51.75.

OneMain (NYSE:OMF - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.17. The company had revenue of $188.00 million for the quarter, compared to analysts' expectations of $1.16 billion. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The firm's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 EPS. Analysts expect that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.28%. OneMain's payout ratio is 87.95%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Northland Securities upgraded shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their target price on OneMain from $57.00 to $53.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada raised their target price on OneMain from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, Evercore ISI began coverage on OneMain in a report on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, OneMain currently has an average rating of "Moderate Buy" and an average target price of $58.40.

Insider Buying and Selling

In other news, CEO Douglas H. Shulman sold 25,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the sale, the chief executive officer now directly owns 343,925 shares in the company, valued at approximately $16,332,998.25. This represents a 6.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total value of $157,500.72. Following the sale, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This trade represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,808 shares of company stock worth $3,344,751. Corporate insiders own 0.45% 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.