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 Finance of America Companies stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $16.63, for a total value of $12,472.50. Following the completion of the transaction, the president directly owned 128,512 shares of the company’s stock, valued at approximately $2,137,154.56. This trade represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Finance of America Companies Stock Performance

Shares of FOA stock opened at $17.76 on Friday. The firm has a 50 day moving average of $19.62 and a 200-day moving average of $21.88. The company has a market cap of $151.86 million, a price-to-earnings ratio of 9.11 and a beta of 1.70. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 47.80. Finance of America Companies Inc. has a 52 week low of $15.77 and a 52 week high of $29.58.

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, topping the consensus estimate of $0.65 by $0.04. The business had revenue of $73.51 million for the quarter, compared to analyst estimates of $109.45 million. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. On average, equities analysts forecast that Finance of America Companies Inc. will post 0.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Finance of America Companies from a “hold” rating to a “sell” rating in a research report on Sunday, March 29th. Weiss Ratings restated a “sell (d)” rating on shares of Finance of America Companies in a research note on Monday, December 29th. Finally, B. Riley Financial began coverage on Finance of America Companies in a report on Thursday. They set a “buy” rating and a $22.50 price objective on the stock. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FOA. Caitong International Asset Management Co. Ltd raised its stake 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 worth $28,000 after buying an additional 822 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Finance of America Companies in the 3rd quarter worth about $29,000. JPMorgan Chase & Co. grew its position 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 purchasing an additional 2,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Finance of America Companies during the 2nd quarter valued at about $57,000. Finally, Bank of America Corp DE increased its stake in shares of 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 purchasing an additional 2,242 shares in the last quarter. Institutional investors own 97.20% of the company’s stock.

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.