Finance Of America Companies (NYSE:FOA – Free Report) had its price target lowered by Raymond James from $2.25 to $2.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.
Separately, Credit Suisse Group started coverage on Finance Of America Companies in a research note on Wednesday, August 16th. They issued a neutral rating and a $2.00 price objective on the stock.
Finance Of America Companies Stock Performance
Hedge Funds Weigh In On Finance Of America Companies
Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can bought a new position in shares of Finance Of America Companies during the second quarter worth about $30,000. American International Group Inc. increased its holdings in Finance Of America Companies by 101.1% in the second quarter. American International Group Inc. now owns 18,171 shares of the company’s stock worth $29,000 after purchasing an additional 9,137 shares in the last quarter. Wells Fargo & Company MN grew its stake in Finance Of America Companies by 191.4% in the second quarter. Wells Fargo & Company MN now owns 20,247 shares of the company’s stock valued at $39,000 after acquiring an additional 13,300 shares during the period. Barclays PLC grew its stake in Finance Of America Companies by 96.1% in the first quarter. Barclays PLC now owns 20,657 shares of the company’s stock valued at $25,000 after acquiring an additional 10,125 shares during the period. Finally, Citigroup Inc. grew its stake in Finance Of America Companies by 260.4% in the second quarter. Citigroup Inc. now owns 23,047 shares of the company’s stock valued at $44,000 after acquiring an additional 16,652 shares during the period.
About Finance Of America Companies
Finance of America Companies Inc operates a consumer lending platform in the United States. The company operates through five segments: Mortgage Originations, Reverse Originations, Commercial Originations, Lender Services, and Portfolio Management segments. It provides residential mortgage loans to the government sponsored entities; government-insured agricultural lending solutions to farmers; product development, loan securitization, loan sales, risk management, asset management, and servicing oversight services to enterprise and third-party funds; and ancillary business services, title agency and title insurance services, mortgage servicing rights valuation and trade brokerage, transactional fulfillment services, mortgage loan third party review or due diligence services, and appraisal management services to residential mortgage, student lending, and commercial lending industry customers.
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