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17,041 Shares in Finance of America Companies Inc. (NYSE:FOA) Purchased by Northern Trust Corp

Finance of America Companies logo with Finance background

Northern Trust Corp bought a new position in shares of Finance of America Companies Inc. (NYSE:FOA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,041 shares of the company's stock, valued at approximately $479,000. Northern Trust Corp owned about 0.17% of Finance of America Companies as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Nkcfo LLC acquired a new position in shares of Finance of America Companies during the fourth quarter worth $815,000. Barclays PLC acquired a new stake in Finance of America Companies in the fourth quarter valued at $492,000. Citizens Financial Group Inc. RI bought a new position in Finance of America Companies during the 4th quarter worth $562,000. Renaissance Technologies LLC increased its stake in shares of Finance of America Companies by 600.5% in the fourth quarter. Renaissance Technologies LLC now owns 89,495 shares of the company's stock valued at $2,517,000 after buying an additional 76,719 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Finance of America Companies in the fourth quarter valued at about $984,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group dropped 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 report on Wednesday, April 16th. Wall Street Zen upgraded Finance of America Companies from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Raymond James boosted their price objective on 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.

Read Our Latest Report on FOA

Finance of America Companies Stock Performance

Shares of FOA traded up $0.12 on Wednesday, reaching $21.28. 40,273 shares of the company's stock traded hands, compared to its average volume of 90,146. The stock's 50 day simple moving average is $20.53 and its two-hundred day simple moving average is $22.95. The stock has a market cap of $235.34 million, a PE ratio of 1.82 and a beta of 1.43. Finance of America Companies Inc. has a 52-week low of $4.10 and a 52-week high of $32.40. The company has a current ratio of 2.80, a quick 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 EPS for the quarter, beating the consensus estimate of $0.37 by $0.15. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The business had revenue of $165.70 million for the quarter, compared to the consensus estimate of $79.56 million. On average, analysts forecast that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.

About Finance of America Companies

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Finance of America Companies (NYSE:FOA)

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