Integrated Wealth Concepts LLC Buys Shares of 22,400 Finance of America Companies Inc. (NYSE:FOA)

Integrated Wealth Concepts LLC purchased a new stake 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 and Exchange Commission. The institutional investor purchased 22,400 shares of the company's stock, valued at approximately $630,000. Integrated Wealth Concepts LLC owned about 0.23% of Finance of America Companies at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FOA. National Bank of Canada FI purchased a new stake in Finance of America Companies during the fourth quarter valued at about $52,000. Stifel Financial Corp bought a new stake in shares of Finance of America Companies in the fourth quarter valued at approximately $204,000. XTX Topco Ltd purchased a new stake in shares of Finance of America Companies during the 4th quarter valued at approximately $213,000. Marshall Wace LLP bought a new position in Finance of America Companies in the 4th quarter worth approximately $277,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Finance of America Companies in the 4th quarter valued at approximately $369,000. Institutional investors own 97.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. UBS Group dropped their target price on 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. Raymond James raised their target price on 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.

Finance of America Companies Stock Down 1.9 %

Shares of NYSE:FOA opened at $20.48 on Friday. The firm has a fifty day moving average price of $20.84 and a two-hundred day moving average price of $21.73. The company has a market cap of $219.38 million, a price-to-earnings ratio of 1.75 and a beta of 1.31. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80. Finance of America Companies Inc. has a one year low of $4.10 and a one year high of $32.40.

Finance of America Companies (NYSE:FOA - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.24). 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 ($105.62) million for the quarter, compared to the consensus estimate of $80.61 million. Analysts anticipate that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.

Finance of America Companies 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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