Phocas Financial Corp. Has $5.21 Million Stake in OneMain Holdings, Inc. (NYSE:OMF)

Phocas Financial Corp. trimmed its position in shares of OneMain Holdings, Inc. (NYSE:OMF) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,349 shares of the financial services provider’s stock after selling 853 shares during the period. Phocas Financial Corp. owned 0.10% of OneMain worth $5,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in OneMain by 0.4% during the first quarter. Vanguard Group Inc. now owns 12,428,932 shares of the financial services provider’s stock worth $589,256,000 after purchasing an additional 51,537 shares during the period. FMR LLC boosted its position in OneMain by 7.0% during the first quarter. FMR LLC now owns 10,860,979 shares of the financial services provider’s stock worth $402,725,000 after purchasing an additional 711,440 shares during the period. Capital International Investors boosted its position in OneMain by 77.1% during the first quarter. Capital International Investors now owns 9,842,786 shares of the financial services provider’s stock worth $466,646,000 after purchasing an additional 4,284,232 shares during the period. BlackRock Inc. boosted its position in OneMain by 0.8% during the first quarter. BlackRock Inc. now owns 5,622,002 shares of the financial services provider’s stock worth $208,464,000 after purchasing an additional 43,301 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in OneMain by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,553,732 shares of the financial services provider’s stock worth $168,853,000 after purchasing an additional 236,724 shares during the period. 79.70% of the stock is owned by institutional investors.

OneMain Price Performance

OMF traded up $0.13 on Tuesday, hitting $40.53. 83,068 shares of the stock were exchanged, compared to its average volume of 1,000,865. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.29 and a beta of 1.71. OneMain Holdings, Inc. has a 12 month low of $28.77 and a 12 month high of $48.64. The business has a 50-day moving average of $43.10 and a two-hundred day moving average of $40.37.

OneMain (NYSE:OMF) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.23). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $883.84 million. OneMain had a return on equity of 22.23% and a net margin of 14.60%. During the same period in the previous year, the firm posted $1.87 EPS. Equities research analysts expect that OneMain Holdings, Inc. will post 5.58 earnings per share for the current fiscal year.

OneMain Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 9.87%. The ex-dividend date was Friday, August 4th. OneMain’s payout ratio is 75.05%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OMF. Piper Sandler boosted their target price on shares of OneMain from $53.00 to $57.00 in a research report on Thursday, July 27th. StockNews.com began coverage on shares of OneMain in a research report on Thursday, August 17th. They issued a “buy” rating for the company. JMP Securities reduced their target price on shares of OneMain from $55.00 to $53.00 in a research report on Thursday, July 27th. Bank of America began coverage on shares of OneMain in a research report on Thursday, June 15th. They issued a “buy” rating and a $49.00 target price for the company. Finally, Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of OneMain in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $50.31.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards and insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.