Aristeia Capital L.L.C. Takes Position in OneMain Holdings, Inc. (NYSE:OMF)

Aristeia Capital L.L.C. bought a new stake in OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,193 shares of the financial services provider's stock, valued at approximately $375,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ieq Capital LLC bought a new position in OneMain during the 4th quarter worth approximately $896,000. Orion Portfolio Solutions LLC raised its position in shares of OneMain by 66.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 17,681 shares of the financial services provider's stock worth $922,000 after acquiring an additional 7,060 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of OneMain by 15.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,263 shares of the financial services provider's stock worth $222,000 after acquiring an additional 569 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of OneMain by 180.0% during the fourth 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 during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock worth $37,903,000 after acquiring an additional 87,084 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on OMF shares. Evercore ISI began coverage on shares of OneMain in a report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective for the company. Barclays set a $56.00 price target on OneMain in a research note on Friday, March 14th. Royal Bank of Canada increased their price objective on 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 lowered their target price on shares of OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $58.40.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 25,000 shares of OneMain stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.49, for a total value of $1,187,250.00. Following the completion of the transaction, the chief executive officer now directly owns 343,925 shares of the company's stock, valued at approximately $16,332,998.25. The trade was a 6.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael A. Hedlund sold 2,808 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was 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 $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,808 shares of company stock valued at $3,344,751 over the last quarter. Company insiders own 0.45% of the company's stock.

OneMain Price Performance

Shares of OMF stock traded up $1.88 during trading hours on Thursday, reaching $50.58. 416,805 shares of the company's stock were exchanged, compared to its average volume of 1,033,151. The company has a market cap of $6.02 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a 1 year low of $38.00 and a 1 year high of $58.90. The company's 50 day moving average is $47.23 and its two-hundred day moving average is $51.75.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.17. OneMain had a net margin of 10.19% and a return on equity of 18.39%. The business had revenue of $188.00 million for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The company's quarterly revenue was up 7.1% compared to the same quarter last year. As a group, analysts predict that OneMain Holdings, Inc. will post 6.46 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date is Friday, May 9th. OneMain's dividend payout ratio is presently 87.95%.

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.