Barclays PLC Purchases New Shares in Finance of America Companies Inc. (NYSE:FOA)

Barclays PLC acquired a new position in shares of Finance of America Companies Inc. (NYSE:FOA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 17,500 shares of the company's stock, valued at approximately $492,000. Barclays PLC owned approximately 0.18% of Finance of America Companies as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FOA. Renaissance Technologies LLC increased its stake in Finance of America Companies by 600.5% during the 4th quarter. Renaissance Technologies LLC now owns 89,495 shares of the company's stock valued at $2,517,000 after purchasing an additional 76,719 shares in the last quarter. Geode Capital Management LLC increased its stake in Finance of America Companies by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 79,123 shares of the company's stock valued at $2,226,000 after purchasing an additional 2,207 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Finance of America Companies during the 4th quarter valued at approximately $984,000. Nkcfo LLC acquired a new position in Finance of America Companies during the 4th quarter valued at approximately $815,000. Finally, American Century Companies Inc. acquired a new position in Finance of America Companies during the 4th quarter valued at approximately $781,000. Institutional investors own 97.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FOA. Raymond James upped their price target on shares of Finance of America Companies from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, March 25th. UBS Group cut their price target on shares of Finance of America Companies from $25.00 to $22.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th.

Finance of America Companies Stock Performance

Shares of NYSE:FOA traded down $0.17 during midday trading on Monday, reaching $21.23. The company's stock had a trading volume of 86,929 shares, compared to its average volume of 86,436. The firm has a market capitalization of $227.42 million, a PE ratio of 1.81 and a beta of 1.42. Finance of America Companies Inc. has a twelve month low of $4.10 and a twelve month high of $32.40. The stock has a fifty day moving average of $20.56 and a 200 day moving average of $22.27. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07.

Finance of America Companies (NYSE:FOA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.15. The firm had revenue of $165.70 million for the quarter, compared to analyst estimates of $79.56 million. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. On average, equities analysts expect that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.

About Finance of America Companies

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.