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 that occurred on Tuesday, September 1st. The stock was sold at an average price of $17.55, for a total value of $13,162.50. Following the sale, the president directly owned 124,762 shares in the company, valued at $2,189,573.10. The trade was a 0.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Stock Performance

Shares of FOA traded up $0.12 on Thursday, reaching $17.41. 52,103 shares of the stock traded hands, compared to its average volume of 74,366. Finance of America Companies Inc. has a 12 month low of $15.77 and a 12 month high of $29.79. The company has a debt-to-equity ratio of 60.78, a current ratio of 3.02 and a quick ratio of 3.02. The stock’s 50-day moving average price is $22.99 and its 200-day moving average price is $20.73. The firm has a market cap of $301.37 million, a price-to-earnings ratio of -5.78 and a beta of 1.65.

Finance of America Companies (NYSE:FOA) last announced 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). The business had revenue of $62.48 million during the quarter, compared to the consensus estimate of $121.94 million. Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.39%. Equities analysts forecast that Finance of America Companies Inc. will post 4.16 EPS for the current fiscal year.

Institutional Trading of Finance of America Companies

Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Finance of America Companies by 440.4% in the second quarter. California State Teachers Retirement System now owns 1,486 shares of the company’s stock valued at $41,000 after acquiring an additional 1,211 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Finance of America Companies during the 2nd quarter worth approximately $240,000. First Trust Advisors LP increased 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 purchasing an additional 5,236 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Finance of America Companies by 56.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 102,061 shares of the company’s stock valued at $1,694,000 after purchasing an additional 36,929 shares in the last quarter. Finally, Purpose Unlimited Inc. bought a new position in Finance of America Companies in the 4th quarter valued at $2,325,000. Institutional investors and hedge funds own 97.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. B. Riley Financial reaffirmed a “buy” rating and set a $32.00 price objective (up from $25.00) on shares of Finance of America Companies in a report on Wednesday, August 5th. Alliance Global Partners initiated coverage on Finance of America Companies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $30.00 target price for the company. Wall Street Zen upgraded Finance of America Companies from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings lowered Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research cut Finance of America Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.