Aristeia Capital L.L.C. Purchases New Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Aristeia Capital L.L.C. bought a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,193 shares of the financial services provider's stock, valued at approximately $375,000.

A number of other large investors have also added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new position in OneMain during the 4th quarter worth $26,000. Albion Financial Group UT acquired a new position in OneMain during the 4th quarter worth approximately $26,000. Legend Financial Advisors Inc. acquired a new position in OneMain in the 4th quarter worth about $26,000. 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 worth $40,000 after purchasing an additional 495 shares during the period. Finally, Richardson Financial Services Inc. acquired a new position in shares of OneMain in the 4th quarter worth approximately $44,000. Institutional investors own 85.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OMF. StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Stephens restated an "overweight" rating and set a $62.00 price target on shares of OneMain in a report on Monday, February 3rd. Barclays set a $56.00 target price on shares of OneMain in a research report on Friday, March 14th. Royal Bank of Canada upped their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $58.40.

OneMain Price Performance

NYSE:OMF traded up $0.34 during mid-day trading on Wednesday, hitting $48.74. 762,939 shares of the company's stock were exchanged, compared to its average volume of 1,034,891. The company has a market cap of $5.80 billion, a PE ratio of 11.50, a P/E/G ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a one year low of $38.00 and a one year high of $58.90. The business has a fifty day moving average price of $47.33 and a 200 day moving average price of $51.77.

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

OneMain Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend is Friday, May 9th. OneMain's payout ratio is 87.95%.

Insider Buying and Selling at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the transaction, the senior vice president now directly owns 15,831 shares in the company, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas H. Shulman sold 40,000 shares of OneMain stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer now directly owns 368,925 shares in the company, valued at $18,446,250. This represents a 9.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,808 shares of company stock valued at $3,344,751. Insiders own 0.45% of the company's stock.

OneMain Company 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.