Finance of America Companies Inc. (NYSE:FOA - Get Free Report) President Kristen N. Sieffert sold 750 shares of Finance of America Companies stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $23.12, for a total transaction of $17,340.00. Following the completion of the transaction, the president owned 84,799 shares in the company, valued at approximately $1,960,552.88. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Finance of America Companies Price Performance
Finance of America Companies stock remained flat at $23.59 during midday trading on Friday. 48,186 shares of the company were exchanged, compared to its average volume of 94,306. The firm has a fifty day moving average of $21.73 and a two-hundred day moving average of $23.03. Finance of America Companies Inc. has a 1 year low of $4.80 and a 1 year high of $32.40. The company has a debt-to-equity ratio of 47.08, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a market cap of $260.91 million, a price-to-earnings ratio of 6.41 and a beta of 1.44.
Finance of America Companies (NYSE:FOA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.15. The company had revenue of $165.70 million for the quarter, compared to analyst estimates of $79.56 million. As a group, sell-side analysts predict that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on FOA shares. Wall Street Zen raised shares of Finance of America Companies from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. UBS Group decreased their price objective on shares of Finance of America Companies from $25.00 to $22.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Raymond James Financial raised their price objective on shares of Finance of America Companies from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 25th.
Check Out Our Latest Research Report on Finance of America Companies
Institutional Investors Weigh In On Finance of America Companies
A number of institutional investors have recently modified their holdings of the stock. Cooperman Leon G boosted its stake in shares of Finance of America Companies by 11.2% during the 1st quarter. Cooperman Leon G now owns 1,202,187 shares of the company's stock valued at $25,558,000 after buying an additional 120,692 shares during the period. Bastion Asset Management Inc. lifted its stake in shares of Finance of America Companies by 17.3% in the 1st quarter. Bastion Asset Management Inc. now owns 219,379 shares of the company's stock valued at $4,925,000 after purchasing an additional 32,389 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Finance of America Companies by 600.5% in the fourth quarter. Renaissance Technologies LLC now owns 89,495 shares of the company's stock worth $2,517,000 after purchasing an additional 76,719 shares in the last quarter. American Century Companies Inc. increased 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 last quarter. Finally, Geode Capital Management LLC increased its position in Finance of America Companies by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 79,123 shares of the company's stock worth $2,226,000 after buying an additional 2,207 shares during the last quarter. Institutional investors and hedge funds own 97.20% of the company's stock.
Finance of America Companies Company Profile
(
Get 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.
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