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

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $19.87, for a total transaction of $119,220.00. Following the transaction, the executive owned 173,856 shares of the company’s stock, valued at $3,454,518.72. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 10th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $21.73, for a total value of $130,380.00.
• On Thursday, August 6th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $22.26, for a total transaction of $133,560.00.
• 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.

Finance of America Companies Trading Down 4.1%

NYSE:FOA opened at $18.86 on Thursday. The stock’s 50 day moving average price is $23.27 and its 200 day moving average price is $20.87. The company has a market capitalization of $326.47 million, a PE ratio of -6.27 and a beta of 1.65. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 60.78. Finance of America Companies Inc. has a 52-week low of $15.77 and a 52-week high of $29.79.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). The firm had revenue of $62.48 million during the quarter, compared to analysts’ expectations 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%. On average, research analysts anticipate that Finance of America Companies Inc. will post 4.16 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen raised Finance of America Companies from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. 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 research report on Wednesday, August 5th. Alliance Global Partners assumed coverage on Finance of America Companies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 target price on the stock. Weiss Ratings downgraded 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 research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.50.

Institutional Trading of Finance of America Companies

A number of institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its holdings in Finance of America Companies by 183.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock valued at $28,000 after purchasing an additional 822 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Finance of America Companies by 440.4% during the 2nd quarter. California State Teachers Retirement System now owns 1,486 shares of the company’s stock worth $41,000 after buying an additional 1,211 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Finance of America Companies during the 3rd quarter worth $29,000. Charles Schwab Investment Management Inc. boosted its position in shares of Finance of America Companies by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,241 shares of the company’s stock worth $442,000 after buying an additional 1,397 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Finance of America Companies by 23.9% in the 4th quarter. Barclays PLC now owns 7,907 shares of the company’s stock worth $191,000 after buying an additional 1,525 shares in the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.

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.