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

Key Points

• Integrated Wealth Concepts LLC increased its stake in Finance of America Companies Inc. by 53.7%, holding approximately 34,429 shares worth $732,000 as of the latest SEC filing.
• The company's stock price opened at $25.09 but has recently experienced a decrease of 5.1%, with a market cap of $278.02 million and a PE ratio of 4.11.
• Analysts currently have a consensus rating of "Moderate Buy" for Finance of America Companies, with a price target set at $27.50, reflecting mixed evaluations from recent analyst reviews.

Integrated Wealth Concepts LLC grew its stake in Finance of America Companies Inc. (NYSE:FOA - Free Report) by 53.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,429 shares of the company's stock after acquiring an additional 12,029 shares during the quarter. Integrated Wealth Concepts LLC owned about 0.32% of Finance of America Companies worth $732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cooperman Leon G lifted its position in 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 worth $25,558,000 after buying an additional 120,692 shares during the period. Bastion Asset Management Inc. lifted its position in 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 worth $4,925,000 after buying an additional 32,389 shares during the period. American Century Companies Inc. lifted its position in 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 worth $1,827,000 after buying an additional 58,156 shares during the period. Millennium Management LLC lifted its position in 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 buying an additional 6,132 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its position in 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 buying an additional 4,000 shares during the period. 97.20% of the stock is currently owned by hedge funds and other institutional investors.

Finance of America Companies Stock Performance

Shares of NYSE FOA traded up $1.18 during mid-day trading on Thursday, hitting $25.80. The company had a trading volume of 115,108 shares, compared to its average volume of 113,867. The stock has a market cap of $285.90 million, a price-to-earnings ratio of 4.22 and a beta of 1.50. Finance of America Companies Inc. has a 12 month low of $10.00 and a 12 month 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's 50 day simple moving average is $25.40 and its two-hundred day simple moving average is $22.73.

Finance of America Companies (NYSE:FOA - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.06). The company had revenue of $177.38 million during the quarter, compared to analysts' expectations of $97.05 million. As a group, equities research analysts forecast that Finance of America Companies Inc. will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on FOA shares. UBS Group reiterated 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. Wall Street Zen downgraded Finance of America Companies from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.50.

Insider Activity

In related news, CAO Tai A. Thornock sold 1,100 shares of Finance of America Companies stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $25.87, for a total value of $28,457.00. Following the transaction, the chief accounting officer directly owned 15,050 shares in the company, valued at $389,343.50. The trade was a 6.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 2,600 shares of company stock valued at $65,492. Insiders own 25.00% of the company's stock.

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.