AQR Capital Management LLC Raises Holdings in OneMain Holdings, Inc. $OMF

Key Points

• AQR Capital Management LLC increased its stake in OneMain Holdings by 6.3%, acquiring an additional 52,262 shares, bringing its total ownership to approximately $42 million.
• Recently, OneMain announced a $1.04 quarterly dividend, with a dividend yield of 6.8% and a payout ratio of 75.09%.
• Analysts have issued mixed ratings on OneMain, with target prices ranging from $48 to $63, as the stock currently holds an average rating of "Moderate Buy".

AQR Capital Management LLC boosted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 887,550 shares of the financial services provider's stock after buying an additional 52,262 shares during the period. AQR Capital Management LLC owned approximately 0.75% of OneMain worth $42,079,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OMF. Alpine Bank Wealth Management purchased a new stake in OneMain during the first quarter worth about $27,000. SVB Wealth LLC bought a new position in shares of OneMain in the first quarter valued at approximately $34,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of OneMain in the first quarter valued at approximately $42,000. Headlands Technologies LLC bought a new position in shares of OneMain in the first quarter valued at approximately $46,000. Finally, GAMMA Investing LLC lifted its position in OneMain by 191.9% during the first quarter. GAMMA Investing LLC now owns 1,007 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 662 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company's stock.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 35,000 shares of OneMain stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.47, for a total value of $2,081,450.00. Following the completion of the sale, the chief executive officer directly owned 275,100 shares in the company, valued at $16,360,197. The trade was a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Micah R. Conrad sold 3,000 shares of OneMain stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $60.00, for a total value of $180,000.00. Following the completion of the sale, the chief operating officer owned 98,007 shares of the company's stock, valued at $5,880,420. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,000 shares of company stock valued at $3,715,340. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OMF. JPMorgan Chase & Co. boosted their price objective on shares of OneMain from $50.00 to $63.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Barclays lifted their target price on shares of OneMain from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company initiated coverage on shares of OneMain in a report on Monday, August 25th. They issued an "equal weight" rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.50.

OneMain Price Performance

Shares of NYSE:OMF traded down $0.08 during trading on Wednesday, hitting $60.78. The company's stock had a trading volume of 645,484 shares, compared to its average volume of 1,074,502. OneMain Holdings, Inc. has a 12 month low of $38.00 and a 12 month high of $63.24. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 0.48 and a beta of 1.30. The company has a 50-day moving average of $58.80 and a 200-day moving average of $52.94.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.20. OneMain had a net margin of 12.63% and a return on equity of 20.65%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm posted $1.02 EPS. The company's revenue was up 7.1% on a year-over-year basis. As a group, research analysts anticipate that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Monday, August 4th. OneMain's dividend payout ratio (DPR) is 75.09%.

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.