Jeremy Prahm Sells 8,860 Shares of Finance of America Companies (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 8,860 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $20.49, for a total transaction of $181,541.40. Following the completion of the sale, the executive directly owned 203,856 shares of the company’s stock, valued at approximately $4,177,009.44. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.
• On Thursday, May 7th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The stock was sold at an average price of $21.39, for a total transaction of $111,826.92.
• On Monday, April 20th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $23.01, for a total transaction of $138,060.00.
• On Monday, April 6th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The stock was sold at an average price of $17.83, for a total transaction of $93,215.24.
• On Monday, March 23rd, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $17.50, for a total transaction of $105,000.00.

Finance of America Companies Stock Up 0.6%

NYSE FOA opened at $19.81 on Thursday. The company has a debt-to-equity ratio of 43.57, a current ratio of 2.62 and a quick ratio of 2.62. The company’s 50 day simple moving average is $20.18 and its 200 day simple moving average is $20.90. 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 market capitalization of $176.07 million, a P/E ratio of 49.51 and a beta of 1.67.

Finance of America Companies (NYSE:FOA) last released its earnings results on Tuesday, May 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.26. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.24%. The business had revenue of $120.14 million for the quarter, compared to the consensus estimate of $115.31 million. Equities research analysts expect that Finance of America Companies Inc. will post 4.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on FOA. Weiss Ratings upgraded shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Zacks Research upgraded shares of Finance of America Companies to a “hold” rating in a report on Monday, April 6th. B. Riley Financial began coverage on shares of Finance of America Companies in a report on Thursday, April 2nd. They issued a “buy” rating and a $22.50 target price on the stock. Finally, Wall Street Zen upgraded shares of Finance of America Companies from a “sell” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Finance of America Companies currently has an average rating of “Hold” and a consensus price target of $26.00.

Institutional Investors Weigh In On Finance of America Companies

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 valued at $28,000 after acquiring an additional 822 shares during the period. Russell Investments Group Ltd. acquired a new position in Finance of America Companies in the 3rd quarter valued at approximately $29,000. JPMorgan Chase & Co. increased its stake in Finance of America Companies by 4,270.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock valued at $49,000 after buying an additional 2,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Finance of America Companies in the 2nd quarter valued at approximately $57,000. Finally, Bank of America Corp DE increased its stake in Finance of America Companies by 3,503.1% in the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock valued at $65,000 after buying an additional 2,242 shares during the period. 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.