Finance of America Companies (NYSE:FOA) President Sells 750 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $23.61, for a total value of $17,707.50. Following the transaction, the president directly owned 125,512 shares of the company’s stock, valued at approximately $2,963,338.32. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Trading Down 6.1%

FOA stock traded down $1.45 during midday trading on Wednesday, hitting $22.31. The stock had a trading volume of 68,492 shares, compared to its average volume of 77,235. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 43.57. The business has a fifty day moving average price of $22.83 and a two-hundred day moving average price of $21.14. Finance of America Companies Inc. has a 1-year low of $15.77 and a 1-year high of $29.79. The firm has a market cap of $198.34 million, a P/E ratio of 55.77 and a beta of 1.65.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.20). Finance of America Companies had a net margin of 7.20% and a return on equity of 22.24%. The business had revenue of $62.48 million during the quarter, compared to analyst estimates of $121.94 million. On average, sell-side analysts predict that Finance of America Companies Inc. will post 4.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in Finance of America Companies during the 1st quarter valued at $90,000. First Trust Advisors LP grew its holdings in Finance of America Companies by 43.7% during the 1st quarter. First Trust Advisors LP now owns 17,210 shares of the company’s stock valued at $286,000 after buying an additional 5,236 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Finance of America Companies by 56.7% during the first quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock valued at $1,694,000 after buying an additional 36,929 shares during the period. Purpose Unlimited Inc. purchased a new stake in shares of Finance of America Companies in the fourth quarter worth about $2,325,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Finance of America Companies by 160.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,304 shares of the company’s stock worth $80,000 after buying an additional 2,035 shares in the last quarter. 97.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Finance of America Companies from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Alliance Global Partners began coverage on shares of Finance of America Companies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 target price for the company. Weiss Ratings raised shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Finally, B. Riley Financial reissued a “buy” rating and set a $32.00 target price (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.50.

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.