Jeremy Prahm Sells 6,000 Shares of Finance of America Companies (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $22.26, for a total transaction of $133,560.00. Following the sale, the executive owned 185,856 shares of the company’s stock, valued at $4,137,154.56. This trade represents a 3.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Prahm also recently made the following trade(s):

• On Monday, June 15th, Jeremy Prahm sold 8,860 shares of Finance of America Companies stock. The shares were sold at an average price of $20.49, for a total transaction of $181,541.40.
• On Monday, May 18th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $19.68, for a total transaction of $118,080.00.

Finance of America Companies Stock Down 0.9%

NYSE FOA traded down $0.21 during trading hours on Monday, hitting $21.91. The company’s stock had a trading volume of 53,538 shares, compared to its average volume of 77,026. The company has a market capitalization of $194.79 million, a PE ratio of -7.28 and a beta of 1.66. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 43.57. Finance of America Companies Inc. has a 52 week low of $15.77 and a 52 week high of $29.79. The company’s 50-day simple moving average is $22.96 and its two-hundred day simple moving average is $21.08.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Finance of America Companies had a positive return on equity of 28.51% and a negative net margin of 0.10%.The company had revenue of $62.48 million for the quarter, compared to the consensus estimate of $121.94 million. Research analysts anticipate that Finance of America Companies Inc. will post 4.44 EPS for the current fiscal year.

Analyst Ratings Changes

FOA has been the topic of a number of recent analyst reports. 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. B. Riley Financial reaffirmed a “buy” rating and issued a $32.00 price objective (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday, August 5th. Alliance Global Partners assumed coverage on shares of Finance of America Companies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 price objective for the company. Finally, 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. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.50.

Institutional Investors Weigh In On Finance of America Companies

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its holdings 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 worth $28,000 after buying an additional 822 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Finance of America Companies during the third quarter worth about $29,000. JPMorgan Chase & Co. raised its position in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Finance of America Companies in the second quarter worth about $57,000. Finally, Bank of America Corp DE boosted its stake in 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 valued at $65,000 after acquiring an additional 2,242 shares during the last quarter. 97.20% of the stock is owned by hedge funds and other institutional investors.

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.