Finance of America Companies Inc. (NYSE:FOA) Receives Average Recommendation of “Hold” from Brokerages

Shares of Finance of America Companies Inc. (NYSE:FOA) have earned a consensus recommendation of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $30.50.

FOA has been the topic of a number of research reports. B. Riley Financial reissued a “buy” rating and set a $32.00 price objective (up from $25.00) on shares of Finance of America Companies in a report on Wednesday, August 5th. Zacks Research downgraded shares of Finance of America Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Finance of America Companies from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Alliance Global Partners initiated coverage on shares of Finance of America Companies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Weiss Ratings lowered shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th.

Insider Buying and Selling at Finance of America Companies

In related news, CIO Jeremy Prahm sold 6,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $19.87, for a total transaction of $119,220.00. Following the completion of the sale, the executive directly owned 173,856 shares in the company, valued at $3,454,518.72. This represents a 3.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 29,110 shares of company stock valued at $616,091. Insiders own 35.37% of the company’s stock.

Hedge Funds Weigh In On Finance of America Companies

A number of large investors have recently bought and sold shares of FOA. Caitong International Asset Management Co. Ltd lifted its position in 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 purchasing an additional 822 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Finance of America Companies in the third quarter worth approximately $29,000. California State Teachers Retirement System increased its stake in shares of Finance of America Companies by 440.4% in the second quarter. California State Teachers Retirement System now owns 1,486 shares of the company’s stock worth $41,000 after buying an additional 1,211 shares during the period. 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 valued at $49,000 after buying an additional 2,050 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Finance of America Companies during the 2nd quarter valued at $57,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

Finance of America Companies Stock Performance

NYSE:FOA opened at $16.14 on Thursday. Finance of America Companies has a twelve month low of $15.77 and a twelve month high of $29.79. The stock has a market cap of $279.47 million, a P/E ratio of -5.36 and a beta of 1.65. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 60.78. The business’s 50-day moving average price is $22.10 and its two-hundred day moving average price is $20.54.

Finance of America Companies (NYSE:FOA) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Finance of America Companies had a positive return on equity of 28.39% and a negative net margin of 0.10%.The company had revenue of $62.48 million during the quarter, compared to analysts’ expectations of $121.94 million. As a group, equities analysts predict that Finance of America Companies will post 4.16 EPS for the current fiscal year.

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.