Wall Street Zen Upgrades Finance of America Companies (NYSE:FOA) to "Buy"

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

FOA has been the topic of a number of other reports. UBS Group decreased their target price on Finance of America Companies from $25.00 to $22.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Raymond James Financial boosted their target price 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.

Finance of America Companies Stock Down 0.5%

Shares of NYSE:FOA traded down $0.12 during trading on Friday, hitting $23.11. 681,556 shares of the company were exchanged, compared to its average volume of 95,757. The stock has a market cap of $255.57 million, a price-to-earnings ratio of 6.28 and a beta of 1.43. 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 $23.10. 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 (NYSE:FOA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.15. The business had revenue of $165.70 million for the quarter, compared to analyst estimates 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 have recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in Finance of America Companies in the 4th quarter valued at $52,000. Geode Capital Management LLC boosted its stake in Finance of America Companies by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 79,123 shares of the company's stock valued at $2,226,000 after purchasing an additional 2,207 shares during the period. Bank of America Corp DE boosted its stake in Finance of America Companies by 3,503.1% in the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company's stock valued at $65,000 after purchasing an additional 2,242 shares during the period. Citizens Financial Group Inc. RI boosted its stake in Finance of America Companies by 20.0% in the 1st quarter. Citizens Financial Group Inc. RI now owns 24,000 shares of the company's stock valued at $510,000 after purchasing an additional 4,000 shares during the period. Finally, Millennium Management LLC boosted its stake in Finance of America Companies by 14.2% in the 4th quarter. Millennium Management LLC now owns 49,415 shares of the company's stock valued at $1,390,000 after purchasing an additional 6,132 shares during the period. 97.20% of the stock is currently owned by institutional investors.

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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