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

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $16.63, for a total value of $12,472.50. Following the completion of the sale, the president owned 128,512 shares of the company’s stock, valued at $2,137,154.56. This trade represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Finance of America Companies Stock Performance

FOA stock traded up $0.04 during trading hours on Friday, hitting $17.76. 91,219 shares of the stock were exchanged, compared to its average volume of 129,597. Finance of America Companies Inc. has a 12 month low of $15.77 and a 12 month high of $29.58. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 47.80. The firm has a market capitalization of $151.86 million, a P/E ratio of 9.11 and a beta of 1.70. The company has a 50-day simple moving average of $19.73 and a two-hundred day simple moving average of $21.95.

Finance of America Companies (NYSE:FOA) last announced its 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. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. The company had revenue of $73.51 million during the quarter, compared to analysts’ expectations of $109.45 million. On average, analysts forecast that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

FOA has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Finance of America Companies in a research report on Monday, December 29th. 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. Finally, B. Riley Financial started coverage on Finance of America Companies in a research note on Thursday. They issued a “buy” rating and a $22.50 price target for the company. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Finance of America Companies presently has an average rating of “Hold” and an average price target of $26.00.

Institutional Investors Weigh In On Finance of America Companies

A number of large investors have recently modified their holdings of FOA. Caitong International Asset Management Co. Ltd raised its holdings in shares of Finance of America Companies by 183.9% during the 3rd 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. acquired a new stake in Finance of America Companies in the third quarter valued at about $29,000. Charles Schwab Investment Management Inc. grew its position in Finance of America Companies by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,241 shares of the company’s stock valued at $442,000 after acquiring an additional 1,397 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Finance of America Companies by 5.6% in the third quarter. Citizens Financial Group Inc. RI now owns 28,500 shares of the company’s stock valued at $639,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Barclays PLC raised its stake in Finance of America Companies by 23.9% during the fourth quarter. Barclays PLC now owns 7,907 shares of the company’s stock worth $191,000 after acquiring an additional 1,525 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

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.