Finance of America Companies (NYSE:FOA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Finance of America Companies (NYSE:FOA) from a sell rating to a hold rating in a report released on Saturday.

Several other equities analysts have also commented on the company. UBS Group set a $29.50 price target on Finance of America Companies and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Finance of America Companies in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Finance of America Companies currently has a consensus rating of “Hold” and an average price target of $29.75.

Finance of America Companies Price Performance

Shares of FOA stock opened at $17.70 on Friday. The company’s 50-day simple moving average is $20.92 and its two-hundred day simple moving average is $22.42. The company has a debt-to-equity ratio of 47.80, a current ratio of 2.67 and a quick ratio of 2.67. Finance of America Companies has a one year low of $16.09 and a one year high of $29.58. The company has a market capitalization of $151.31 million, a P/E ratio of 9.08 and a beta of 1.65.

Finance of America Companies (NYSE:FOA) last announced its quarterly 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. The firm had revenue of $73.51 million during the quarter, compared to analyst estimates of $109.45 million. Finance of America Companies had a return on equity of 10.30% and a net margin of 9.09%. As a group, equities analysts anticipate that Finance of America Companies will post 0.75 EPS for the current year.

Insider Buying and Selling at Finance of America Companies

In other news, major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Tai A. Thornock sold 1,100 shares of Finance of America Companies stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $24.58, for a total transaction of $27,038.00. Following the completion of the transaction, the chief accounting officer directly owned 10,650 shares in the company, valued at approximately $261,777. The trade was a 9.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,194,134 shares of company stock worth $31,968,013 over the last quarter. Insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On Finance of America Companies

Several institutional investors have recently bought and sold shares of FOA. Caitong International Asset Management Co. Ltd grew its holdings 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 purchasing an additional 822 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Finance of America Companies during the 2nd quarter valued at $29,000. Russell Investments Group Ltd. purchased a new stake in shares of Finance of America Companies during the 3rd quarter valued at $29,000. Charles Schwab Investment Management Inc. boosted its position in shares of Finance of America Companies by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,241 shares of the company’s stock worth $442,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in shares of Finance of America Companies by 5.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 28,500 shares of the company’s stock worth $639,000 after purchasing an additional 1,500 shares in the last quarter. 97.20% of the stock is currently owned by institutional investors and hedge funds.

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.