Finance of America Companies (NYSE:FOA) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Finance of America Companies (NYSE:FOA - Free Report) from a hold rating to a buy rating in a report published on Friday morning.

A number of other research firms have also recently commented on FOA. Raymond James Financial boosted their price target on Finance of America Companies from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, March 25th. UBS Group decreased their price target on 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.

Finance of America Companies Stock Up 0.3%

Shares of NYSE:FOA traded up $0.08 during trading on Friday, hitting $23.17. 94,330 shares of the company were exchanged, compared to its average volume of 93,487. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 47.08. 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 fifty day moving average price of $21.33 and a two-hundred day moving average price of $23.08. The stock has a market cap of $256.26 million, a price-to-earnings ratio of 17.10 and a beta of 1.43.

Finance of America Companies (NYSE:FOA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.15. The business had revenue of $165.70 million during the quarter, compared to the consensus estimate of $79.56 million. Finance of America Companies had a negative return on equity of 3.12% and a net margin of 18.89%. As a group, research analysts anticipate that Finance of America Companies will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of Finance of America Companies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cooperman Leon G raised its stake in shares of Finance of America Companies by 11.2% in the first quarter. Cooperman Leon G now owns 1,202,187 shares of the company's stock worth $25,558,000 after purchasing an additional 120,692 shares during the last quarter. Bastion Asset Management Inc. raised its stake in shares of Finance of America Companies by 17.3% in the first quarter. Bastion Asset Management Inc. now owns 219,379 shares of the company's stock worth $4,925,000 after purchasing an additional 32,389 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Finance of America Companies by 600.5% during the fourth quarter. Renaissance Technologies LLC now owns 89,495 shares of the company's stock valued at $2,517,000 after acquiring an additional 76,719 shares during the last quarter. American Century Companies Inc. increased its position in shares of 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 valued at $1,827,000 after acquiring an additional 58,156 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 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 valued at $2,226,000 after acquiring an additional 2,207 shares during the last quarter. 97.20% of the stock is owned by hedge funds and other institutional investors.

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.