Finance of America Companies (NYSE:FOA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Finance of America Companies (NYSE:FOA) from a sell rating to a hold rating in a report issued on Saturday.

A number of other equities analysts have also weighed in on the stock. Zacks Research lowered shares of Finance of America Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. B. Riley Financial restated 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. Weiss Ratings lowered Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Finally, Alliance Global Partners started coverage on Finance of America Companies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.50.

Finance of America Companies Trading Down 3.1%

Shares of FOA stock opened at $21.09 on Friday. The firm has a market cap of $365.07 million, a P/E ratio of -7.01 and a beta of 1.66. Finance of America Companies has a 1-year low of $15.77 and a 1-year 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 firm’s 50-day simple moving average is $23.23 and its 200-day simple moving average is $21.01.

Finance of America Companies (NYSE:FOA) last released its earnings results on Tuesday, August 4th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.39%. The company had revenue of $62.48 million during the quarter, compared to analysts’ expectations of $121.94 million. As a group, equities analysts forecast that Finance of America Companies will post 4.16 EPS for the current year.

Insider Transactions at Finance of America Companies

In related news, CIO Jeremy Prahm sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $21.73, for a total value of $130,380.00. Following the transaction, the executive owned 179,856 shares in the company, valued at approximately $3,908,270.88. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 22,360 shares of company stock worth $483,709. 35.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its stake in Finance of America Companies by 183.9% during the third 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 period. Russell Investments Group Ltd. purchased a new position in shares of Finance of America Companies in the 3rd quarter valued at $29,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Finance of America Companies by 8.3% during the 4th 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 in the last quarter. Barclays PLC lifted its holdings in shares of Finance of America Companies by 23.9% during the 4th quarter. Barclays PLC now owns 7,907 shares of the company’s stock valued at $191,000 after acquiring an additional 1,525 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Finance of America Companies by 4,270.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock valued at $49,000 after acquiring an additional 2,050 shares in the last quarter. 97.20% of the stock is owned by institutional investors and hedge funds.

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.