Kristen Sieffert Sells 750 Shares of Finance of America Companies (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $27.36, for a total transaction of $20,520.00. Following the completion of the sale, the president owned 126,262 shares in the company, valued at $3,454,528.32. This represents a 0.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Stock Up 0.0%

Shares of NYSE:FOA opened at $27.47 on Friday. Finance of America Companies Inc. has a 52-week low of $15.77 and a 52-week high of $29.79. The company has a market capitalization of $244.24 million, a PE ratio of 68.69 and a beta of 1.62. The company has a debt-to-equity ratio of 43.57, a quick ratio of 2.62 and a current ratio of 2.62. The company has a fifty day moving average of $20.92 and a 200-day moving average of $20.98.

Finance of America Companies (NYSE:FOA) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.26. The company had revenue of $120.14 million for the quarter, compared to the consensus estimate of $115.31 million. Finance of America Companies had a return on equity of 22.24% and a net margin of 7.20%. On average, equities analysts predict that Finance of America Companies Inc. will post 4.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Finance of America Companies

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its stake in shares of Finance of America Companies by 183.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock valued at $28,000 after buying an additional 822 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Finance of America Companies in the third quarter worth approximately $29,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Finance of America Companies by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,241 shares of the company’s stock worth $442,000 after acquiring an additional 1,397 shares during the period. Barclays PLC boosted its holdings in Finance of America Companies by 23.9% in the fourth quarter. Barclays PLC now owns 7,907 shares of the company’s stock valued at $191,000 after acquiring an additional 1,525 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Finance of America Companies by 4,270.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock worth $49,000 after purchasing an additional 2,050 shares during the last quarter. Institutional investors own 97.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FOA. B. Riley Financial started coverage on Finance of America Companies in a research note on Thursday, April 2nd. They set a “buy” rating and a $22.50 price target on the stock. Wall Street Zen upgraded shares of Finance of America Companies from a “sell” rating to a “hold” rating in a report on Monday, April 6th. Zacks Research upgraded shares of Finance of America Companies to a “hold” rating in a report on Monday, April 6th. Finally, Weiss Ratings upgraded shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.00.

Finance of America Companies Company Profile

Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.

In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.