Phocas Financial Corp. Trims Stock Position in OneMain Holdings, Inc. (NYSE:OMF)

Phocas Financial Corp. trimmed its stake in OneMain Holdings, Inc. (NYSE:OMF) by 85.1% in the 4th quarter, HoldingsChannel reports. The firm owned 16,341 shares of the financial services provider’s stock after selling 93,199 shares during the quarter. Phocas Financial Corp.’s holdings in OneMain were worth $852,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in OneMain by 69.0% in the third quarter. Janus Henderson Group PLC now owns 772,864 shares of the financial services provider’s stock worth $36,377,000 after buying an additional 315,640 shares in the last quarter. Basswood Capital Management L.L.C. raised its position in shares of OneMain by 12.3% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 1,030,423 shares of the financial services provider’s stock worth $48,502,000 after acquiring an additional 113,018 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of OneMain by 12.1% in the 3rd quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider’s stock valued at $37,903,000 after purchasing an additional 87,084 shares during the period. Quantbot Technologies LP bought a new stake in shares of OneMain during the third quarter valued at approximately $2,565,000. Finally, Wellington Management Group LLP grew its stake in OneMain by 12.0% in the third quarter. Wellington Management Group LLP now owns 453,708 shares of the financial services provider’s stock worth $21,356,000 after purchasing an additional 48,790 shares during the period. Institutional investors own 85.82% of the company’s stock.

OneMain Trading Down 0.9 %

OMF stock opened at $52.58 on Wednesday. The stock’s 50 day simple moving average is $54.55 and its 200 day simple moving average is $51.60. OneMain Holdings, Inc. has a 12-month low of $41.70 and a 12-month high of $58.90. The stock has a market capitalization of $6.28 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59.

OneMain Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date was Wednesday, February 12th. OneMain’s payout ratio is currently 98.11%.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

OMF has been the subject of several recent research reports. Compass Point raised their price objective on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. cut their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada raised their target price on shares of OneMain from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.36.

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.