Finance of America Companies Inc. (NYSE:FOA) President Sells $15,757.50 in Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen N. Sieffert sold 750 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $21.01, for a total transaction of $15,757.50. Following the transaction, the president now owns 86,299 shares in the company, valued at $1,813,141.99. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Finance of America Companies Stock Performance

Shares of FOA stock opened at $21.21 on Thursday. The company has a market capitalization of $227.19 million, a P/E ratio of 1.81 and a beta of 1.42. Finance of America Companies Inc. has a fifty-two week low of $4.10 and a fifty-two week high of $32.40. The company has a debt-to-equity ratio of 40.07, a quick ratio of 2.80 and a current ratio of 2.80. The stock has a 50 day moving average price of $20.61 and a two-hundred day moving average price of $21.99.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $79.56 million. Analysts expect that Finance of America Companies Inc. will post 0.75 earnings per share for the current year.

Institutional Investors Weigh In On Finance of America Companies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bastion Asset Management Inc. raised its holdings in shares of Finance of America Companies by 17.3% during the first quarter. Bastion Asset Management Inc. now owns 219,379 shares of the company’s stock valued at $4,925,000 after acquiring an additional 32,389 shares in 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 buying an additional 76,719 shares during the period. Geode Capital Management LLC raised its stake in Finance of America Companies by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 79,123 shares of the company’s stock worth $2,226,000 after buying an additional 2,207 shares in the last quarter. Millennium Management LLC lifted its holdings in Finance of America Companies by 14.2% in the fourth quarter. Millennium Management LLC now owns 49,415 shares of the company’s stock worth $1,390,000 after buying an additional 6,132 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Finance of America Companies during the 4th quarter valued at approximately $984,000. Hedge funds and other institutional investors own 97.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on FOA. Raymond James increased 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. UBS Group reduced their price objective on Finance of America Companies from $25.00 to $22.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th.

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.