Shares of Finance of America Companies Inc. (NYSE:FOA – Get Free Report) saw strong trading volume on Friday . 72,549 shares traded hands during mid-day trading, an increase of 270% from the previous session’s volume of 19,622 shares.The stock last traded at $10.00 and had previously closed at $9.74.
Analyst Upgrades and Downgrades
Separately, UBS Group dropped their price objective on shares of Finance of America Companies from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday.
Get Our Latest Stock Report on Finance of America Companies
Finance of America Companies Price Performance
Finance of America Companies (NYSE:FOA – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.15. The firm had revenue of $79.04 million during the quarter, compared to analyst estimates of $66.00 million. During the same period in the prior year, the company posted ($0.15) earnings per share. Equities analysts anticipate that Finance of America Companies Inc. will post 0.11 EPS for the current year.
Institutional Trading of Finance of America Companies
Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in Finance of America Companies by 2.7% in the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after acquiring an additional 3,000 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Finance of America Companies during the 2nd quarter worth $43,000. Finally, AQR Capital Management LLC acquired a new position in Finance of America Companies in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 97.20% of the company’s stock.
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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