Phocas Financial Corp. Has $852,000 Stake in OneMain Holdings, Inc. (NYSE:OMF)

Phocas Financial Corp. decreased its holdings in OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 85.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OMF. Blue Trust Inc. raised its stake in OneMain by 64.1% in the 3rd quarter. Blue Trust Inc. now owns 1,219 shares of the financial services provider's stock worth $59,000 after purchasing an additional 476 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of OneMain by 9.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 51,495 shares of the financial services provider's stock valued at $2,424,000 after buying an additional 4,325 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of OneMain by 4,607.1% in the 3rd quarter. International Assets Investment Management LLC now owns 32,714 shares of the financial services provider's stock valued at $1,540,000 after buying an additional 32,019 shares in the last quarter. PFG Investments LLC acquired a new position in shares of OneMain in the 3rd quarter valued at approximately $256,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of OneMain by 88.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,982 shares of the financial services provider's stock valued at $423,000 after buying an additional 4,206 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

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Insiders Place Their Bets

In other OneMain news, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the sale, the senior vice president now directly owns 15,831 shares of the company's stock, valued at $887,960.79. The trade was a 15.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.45% of the company's stock.

OneMain Trading Up 1.5 %

OMF traded up $0.80 during trading on Friday, reaching $53.69. 575,798 shares of the company's stock were exchanged, compared to its average volume of 954,377. OneMain Holdings, Inc. has a one year low of $41.70 and a one year high of $58.90. The stock has a market capitalization of $6.41 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.44 and a beta of 1.59. The firm has a fifty day moving average price of $54.66 and a two-hundred day moving average price of $51.68.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders 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 yield of 7.75%. The ex-dividend date was Wednesday, February 12th. OneMain's payout ratio is 98.11%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $59.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Stephens restated an "overweight" rating and issued a $62.00 target price on shares of OneMain in a research report on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. JMP Securities restated a "market outperform" rating and issued a $65.00 target price on shares of OneMain in a research report on Monday, February 3rd. Finally, StockNews.com raised shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.