Integrated Wealth Concepts LLC Has $732,000 Stock Position in Finance of America Companies Inc. $FOA

Integrated Wealth Concepts LLC grew its stake in shares of Finance of America Companies Inc. (NYSE:FOA) by 53.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,429 shares of the company’s stock after purchasing an additional 12,029 shares during the period. Integrated Wealth Concepts LLC owned approximately 0.32% of Finance of America Companies worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Cooperman Leon G raised its holdings in shares of Finance of America Companies by 11.2% during the first quarter. Cooperman Leon G now owns 1,202,187 shares of the company’s stock valued at $25,558,000 after purchasing an additional 120,692 shares during the period. Bastion Asset Management Inc. raised its holdings in shares of Finance of America Companies by 17.3% during the first quarter. Bastion Asset Management Inc. now owns 219,379 shares of the company’s stock valued at $4,925,000 after purchasing an additional 32,389 shares during the period. American Century Companies Inc. raised its holdings in shares of Finance of America Companies by 209.5% during the first quarter. American Century Companies Inc. now owns 85,918 shares of the company’s stock valued at $1,827,000 after purchasing an additional 58,156 shares during the period. Millennium Management LLC increased its position in shares of Finance of America Companies by 14.2% during the fourth quarter. Millennium Management LLC now owns 49,415 shares of the company’s stock worth $1,390,000 after acquiring an additional 6,132 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in shares of Finance of America Companies by 20.0% during the first quarter. Citizens Financial Group Inc. RI now owns 24,000 shares of the company’s stock worth $510,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

Finance of America Companies Trading Down 5.1%

NYSE:FOA opened at $25.09 on Friday. Finance of America Companies Inc. has a one year low of $10.00 and a one year high of $32.40. The company has a debt-to-equity ratio of 39.38, a current ratio of 2.69 and a quick ratio of 2.69. The firm has a 50-day moving average of $25.27 and a 200-day moving average of $22.67. The company has a market cap of $278.02 million, a PE ratio of 4.11 and a beta of 1.50.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.06). The business had revenue of $177.38 million for the quarter, compared to analyst estimates of $97.05 million. As a group, equities research analysts expect that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FOA shares. Wall Street Zen downgraded shares of Finance of America Companies from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. UBS Group reissued a “neutral” rating and set a $25.00 target price (up from $22.50) on shares of Finance of America Companies in a research report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Finance of America Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

Finance of America Companies Company Profile

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.