Finance of America Companies (NYSE:FOA) Cut to Hold at Wall Street Zen

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

FOA has been the subject of a number of other research reports. UBS Group reduced 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 report on Wednesday, April 16th. Raymond James raised their target price on 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 Performance

Shares of FOA traded up $0.55 during mid-day trading on Friday, hitting $22.57. 90,651 shares of the company's stock were exchanged, compared to its average volume of 90,787. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07. The business's 50 day moving average is $20.57 and its two-hundred day moving average is $22.94. Finance of America Companies has a fifty-two week low of $4.10 and a fifty-two week high of $32.40. The firm has a market capitalization of $249.60 million, a P/E ratio of 1.93 and a beta of 1.43.

Finance of America Companies (NYSE:FOA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.15. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. The firm had revenue of $165.70 million during the quarter, compared to the consensus estimate of $79.56 million. On average, equities analysts expect that Finance of America Companies will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Finance of America Companies

Hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of Finance of America Companies during the 4th quarter valued at approximately $52,000. Bank of America Corp DE lifted its position in shares of Finance of America Companies by 3,503.1% during the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company's stock valued at $65,000 after acquiring an additional 2,242 shares during the period. Stifel Financial Corp acquired a new stake in shares of Finance of America Companies during the 4th quarter valued at approximately $204,000. XTX Topco Ltd acquired a new stake in shares of Finance of America Companies during the 4th quarter valued at approximately $213,000. Finally, Marshall Wace LLP purchased a new stake in shares of Finance of America Companies in the 4th quarter worth about $277,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.

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.