Finance of America Companies (NYSE:FOA) President Sells $12,472.50 in Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $16.63, for a total transaction of $12,472.50. Following the transaction, the president owned 128,512 shares of the company’s stock, valued at $2,137,154.56. This represents a 0.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Finance of America Companies Stock Up 0.2%

FOA opened at $17.76 on Monday. Finance of America Companies Inc. has a 12 month low of $15.77 and a 12 month high of $29.58. The company has a market cap of $151.86 million, a PE ratio of 9.11 and a beta of 1.70. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 47.80. The company has a 50 day moving average of $19.62 and a 200 day moving average of $21.86.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, March 10th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. The business had revenue of $73.51 million for the quarter, compared to analysts’ expectations of $109.45 million. On average, sell-side analysts expect that Finance of America Companies Inc. will post 0.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on FOA shares. Wall Street Zen upgraded Finance of America Companies from a “sell” rating to a “hold” rating in a research note on Monday. B. Riley Financial initiated coverage on shares of Finance of America Companies in a research note on Thursday. They set a “buy” rating and a $22.50 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Finance of America Companies in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Finance of America Companies has an average rating of “Hold” and a consensus target price of $26.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Finance of America Companies by 183.9% in the third 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 period. Russell Investments Group Ltd. purchased a new position in shares of Finance of America Companies in the third quarter valued at about $29,000. JPMorgan Chase & Co. increased its position in shares of Finance of America Companies by 4,270.8% in the second quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock valued at $49,000 after acquiring an additional 2,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Finance of America Companies during the second quarter worth about $57,000. Finally, Bank of America Corp DE boosted its holdings in shares of Finance of America Companies by 3,503.1% during the fourth quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock worth $65,000 after purchasing an additional 2,242 shares during the period. Institutional investors own 97.20% of the company’s stock.

Finance of America Companies Company Profile

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.