Finance of America Companies (NYSE:FOA) CIO Jeremy Prahm Sells 5,228 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 5,228 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.83, for a total transaction of $93,215.24. Following the completion of the transaction, the executive directly owned 238,196 shares of the company’s stock, valued at approximately $4,247,034.68. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Prahm also recently made the following trade(s):

• On Monday, March 23rd, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $17.50, for a total transaction of $105,000.00.

Finance of America Companies Trading Up 4.9%

Shares of Finance of America Companies stock opened at $18.47 on Thursday. Finance of America Companies Inc. has a 12-month low of $15.77 and a 12-month high of $29.58. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 47.80. The stock has a market cap of $157.89 million, a PE ratio of 9.47 and a beta of 1.70. The company has a 50-day moving average of $19.29 and a two-hundred day moving average of $21.72.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, March 10th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. The company had revenue of $73.51 million during the quarter, compared to analysts’ expectations of $109.45 million. On average, research analysts anticipate that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FOA has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Finance of America Companies in a report on Monday, December 29th. Wall Street Zen raised shares of Finance of America Companies from a “sell” rating to a “hold” rating in a report on Monday. Zacks Research raised shares of Finance of America Companies to a “hold” rating in a report on Monday. Finally, B. Riley Financial initiated coverage on shares of Finance of America Companies in a report on Thursday, April 2nd. They issued a “buy” rating and a $22.50 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.00.

Institutional Trading of Finance of America Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its stake in Finance of America Companies by 183.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after acquiring an additional 822 shares during the period. Russell Investments Group Ltd. purchased a new stake in Finance of America Companies in the 3rd quarter worth approximately $29,000. JPMorgan Chase & Co. grew its stake in Finance of America Companies by 4,270.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock worth $49,000 after acquiring an additional 2,050 shares during the period. Bank of America Corp DE grew 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 worth $65,000 after acquiring an additional 2,242 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Finance of America Companies in the 2nd quarter worth approximately $57,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

About Finance of America Companies

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.