Brokerages Set Finance of America Companies Inc. (NYSE:FOA) Price Target at $27.33

Shares of Finance of America Companies Inc. (NYSE:FOA) have been assigned an average rating of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $27.3333.

FOA has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Zacks Research upgraded shares of Finance of America Companies to a “hold” rating in a report on Monday, April 6th. Wall Street Zen cut Finance of America Companies from a “hold” rating to a “sell” rating in a research note on Saturday. Alliance Global Partners initiated coverage on Finance of America Companies in a research note on Wednesday. They issued a “buy” rating and a $30.00 price objective for the company. Finally, B. Riley Financial assumed coverage on Finance of America Companies in a report on Thursday, April 2nd. They issued a “buy” rating and a $22.50 price objective on the stock.

Insider Activity at Finance of America Companies

In other Finance of America Companies news, CIO Jeremy Prahm sold 8,860 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $20.49, for a total value of $181,541.40. Following the completion of the transaction, the executive owned 203,856 shares of the company’s stock, valued at $4,177,009.44. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,838 shares of company stock valued at $431,968 over the last ninety days. Company insiders own 35.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FOA. Caitong International Asset Management Co. Ltd raised its position in Finance of America Companies by 183.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after buying an additional 822 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Finance of America Companies during the 3rd quarter worth approximately $29,000. Charles Schwab Investment Management Inc. raised its stake in shares of Finance of America Companies by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,241 shares of the company’s stock worth $442,000 after buying an additional 1,397 shares in the last quarter. Barclays PLC raised its stake in shares of Finance of America Companies by 23.9% during the 4th quarter. Barclays PLC now owns 7,907 shares of the company’s stock worth $191,000 after buying an additional 1,525 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Finance of America Companies by 4,270.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock valued at $49,000 after buying an additional 2,050 shares during the period. 97.20% of the stock is currently owned by institutional investors and hedge funds.

Finance of America Companies Stock Performance

FOA opened at $22.92 on Wednesday. The firm’s fifty day simple moving average is $22.22 and its two-hundred day simple moving average is $21.14. Finance of America Companies has a 52-week low of $15.77 and a 52-week high of $29.79. The company has a market cap of $203.72 million, a price-to-earnings ratio of 57.29 and a beta of 1.62. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 43.57.

Finance of America Companies (NYSE:FOA) last released its earnings results on Tuesday, May 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.26. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.24%. The business had revenue of $120.14 million during the quarter, compared to analyst estimates of $115.31 million. Equities analysts anticipate that Finance of America Companies will post 4.59 earnings per share for the current fiscal year.

About Finance of America Companies

Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.

In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.