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

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.

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

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.