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

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 5,228 shares of Finance of America Companies stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.83, for a total value of $93,215.24. Following the completion of the transaction, the executive owned 238,196 shares in the company, valued at approximately $4,247,034.68. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $17.50, for a total value of $105,000.00.

Finance of America Companies Price Performance

Shares of FOA stock traded up $0.86 on Wednesday, reaching $18.47. The company had a trading volume of 102,336 shares, compared to its average volume of 99,011. The business’s 50-day moving average is $19.39 and its 200 day moving average is $21.75. Finance of America Companies Inc. has a one year low of $15.77 and a one year high of $29.58. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 47.80. The stock has a market capitalization of $157.93 million, a PE ratio of 9.47 and a beta of 1.70.

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 the consensus estimate of $0.65 by $0.04. The company 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%. Equities research analysts forecast that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Finance of America Companies

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its position in shares of 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 valued at $28,000 after buying an additional 822 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Finance of America Companies during the third quarter worth about $29,000. JPMorgan Chase & Co. lifted its stake in shares of Finance of America Companies by 4,270.8% in the second 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 lifted its stake in shares of Finance of America Companies by 3,503.1% in the fourth 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. bought a new stake in Finance of America Companies in the second quarter valued at approximately $57,000. Institutional investors own 97.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.