AQR Capital Management LLC lifted its position in shares of OneMain Holdings Inc (NYSE:OMF) by 130.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 27,617 shares of the financial services provider’s stock after acquiring an additional 15,647 shares during the period. AQR Capital Management LLC’s holdings in OneMain were worth $928,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in OneMain in the 2nd quarter valued at about $208,000. Commonwealth Bank of Australia purchased a new stake in shares of OneMain in the third quarter worth approximately $278,000. Cubist Systematic Strategies LLC lifted its position in shares of OneMain by 141.9% in the second quarter. Cubist Systematic Strategies LLC now owns 10,738 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 6,299 shares in the last quarter. GAM Holding AG lifted its position in shares of OneMain by 16.4% in the third quarter. GAM Holding AG now owns 13,582 shares of the financial services provider’s stock worth $456,000 after purchasing an additional 1,915 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of OneMain by 47.8% in the third quarter. PNC Financial Services Group Inc. now owns 21,318 shares of the financial services provider’s stock worth $716,000 after purchasing an additional 6,896 shares in the last quarter. Institutional investors and hedge funds own 91.65% of the company’s stock.
In other news, Director Jay N. Levine acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average price of $27.65 per share, for a total transaction of $276,500.00. Following the completion of the acquisition, the director now owns 3,107,296 shares of the company’s stock, valued at approximately $85,916,734.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 43.93% of the company’s stock.
NYSE:OMF traded up $0.27 during mid-day trading on Friday, reaching $34.00. The stock had a trading volume of 1,154,083 shares, compared to its average volume of 625,991. OneMain Holdings Inc has a fifty-two week low of $22.47 and a fifty-two week high of $37.29. The company has a market capitalization of $4.62 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.81 and a beta of 2.55.
OneMain (NYSE:OMF) last released its quarterly earnings data on Monday, February 11th. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. OneMain had a return on equity of 19.64% and a net margin of 11.30%. The firm had revenue of $882.00 million for the quarter, compared to the consensus estimate of $730.46 million. On average, equities analysts predict that OneMain Holdings Inc will post 5.6 earnings per share for the current year.
The company also recently disclosed a special dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, February 26th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 25th.
A number of analysts have recently issued reports on OMF shares. Zacks Investment Research lowered shares of OneMain from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Barclays set a $34.00 price target on shares of OneMain and gave the stock a “hold” rating in a research report on Friday, December 14th. ValuEngine raised shares of OneMain from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. JPMorgan Chase & Co. raised shares of OneMain from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $34.50 to $32.00 in a research report on Wednesday, January 16th. Finally, BMO Capital Markets increased their price target on shares of OneMain from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $38.44.
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OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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