Phocas Financial Corp. Sells 6,673 Shares of OneMain Holdings, Inc. (NYSE:OMF)

Phocas Financial Corp. trimmed its stake in shares of OneMain Holdings, Inc. (NYSE:OMF) by 5.7% in the 3rd quarter, Holdings Channel reports. The firm owned 109,540 shares of the financial services provider’s stock after selling 6,673 shares during the period. Phocas Financial Corp.’s holdings in OneMain were worth $5,156,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. EdgeRock Capital LLC bought a new position in OneMain in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new stake in shares of OneMain during the 2nd quarter valued at about $34,000. Blue Trust Inc. increased its stake in OneMain by 43.4% during the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 225 shares during the last quarter. Abich Financial Wealth Management LLC raised its position in OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of OneMain by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 437 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OMF. Stephens began coverage on OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price target for the company. StockNews.com cut OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. JMP Securities raised their price target on shares of OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Finally, Northland Securities raised their target price on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.46.

OneMain Trading Down 0.8 %

Shares of OneMain stock opened at $55.05 on Tuesday. OneMain Holdings, Inc. has a 12-month low of $37.78 and a 12-month high of $56.28. The firm’s 50 day simple moving average is $48.27 and its two-hundred day simple moving average is $48.62. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.68 and a beta of 1.54.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date was Tuesday, November 12th. OneMain’s dividend payout ratio is presently 91.03%.

Insider Transactions at OneMain

In related news, COO Micah R. Conrad sold 1,614 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the sale, the chief operating officer now owns 110,411 shares in the company, valued at approximately $5,520,550. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief executive officer now owns 417,474 shares of the company’s stock, valued at approximately $20,873,700. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,292 shares of company stock worth $2,307,784 over the last three months. 0.45% of the stock is currently owned by insiders.

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.