Finance of America Companies (NYSE:FOA) Rating Lowered to "Hold" at Wall Street Zen

Finance of America Companies (NYSE:FOA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Several other research analysts have also recently issued reports on the stock. UBS Group lowered their target price on shares of Finance of America Companies from $25.00 to $22.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Raymond James upped their target price on shares of Finance of America Companies from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, March 25th.

Finance of America Companies Stock Up 5.4%

NYSE FOA traded up $1.13 on Friday, hitting $22.06. 56,140 shares of the stock were exchanged, compared to its average volume of 90,450. 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 has a fifty-two week low of $4.10 and a fifty-two week high of $32.40. The company has a market cap of $243.91 million, a PE ratio of 1.89 and a beta of 1.43. The company has a 50-day moving average price of $20.55 and a 200-day moving average price of $22.90.

Finance of America Companies (NYSE:FOA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.52 EPS for the quarter, topping 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 company had revenue of $165.70 million during the quarter, compared to analysts' expectations of $79.56 million. Sell-side analysts anticipate that Finance of America Companies will post 0.75 EPS for the current fiscal year.

Institutional Trading of Finance of America Companies

Several institutional investors and hedge funds have recently bought and sold shares of FOA. Nkcfo LLC purchased a new stake in Finance of America Companies in the 4th quarter valued at $815,000. Citizens Financial Group Inc. RI purchased a new stake in Finance of America Companies in the 4th quarter valued at $562,000. American Century Companies Inc. purchased a new stake in Finance of America Companies in the 4th quarter valued at $781,000. Arrowstreet Capital Limited Partnership purchased a new position in Finance of America Companies during the 4th quarter worth $984,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Finance of America Companies during the 4th quarter worth $369,000. Hedge funds and other institutional investors own 97.20% of the company's stock.

Finance of America Companies Company Profile

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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