Finance of America Companies (NYSE:FOA) Major Shareholder Sells $15,961,420.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of Finance of America Companies stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Urban Holdings L.L.C. Bto also recently made the following trade(s):

• On Thursday, December 4th, Urban Holdings L.L.C. Bto sold 1,596,142 shares of Finance of America Companies stock. The stock was sold at an average price of $10.00, for a total transaction of $15,961,420.00.

Finance of America Companies Stock Down 1.6%

Shares of Finance of America Companies stock traded down $0.30 during trading hours on Tuesday, reaching $18.85. 76,416 shares of the company were exchanged, compared to its average volume of 85,474. The firm has a market cap of $148.75 million, a PE ratio of -7.09 and a beta of 1.62. The company has a debt-to-equity ratio of 51.28, a quick ratio of 2.64 and a current ratio of 2.64. Finance of America Companies Inc. has a 1 year low of $16.58 and a 1 year high of $29.58. The stock’s fifty day moving average is $22.64 and its 200 day moving average is $23.43.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FOA shares. UBS Group set a $29.50 target price on shares of Finance of America Companies and gave the company a “neutral” rating in a report on Wednesday, November 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Finance of America Companies in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.75.

Institutional Trading of Finance of America Companies

Several institutional investors and hedge funds have recently made changes to their positions in FOA. Caitong International Asset Management Co. Ltd grew its stake in Finance of America Companies by 183.9% during 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. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Finance of America Companies during the second quarter worth about $29,000. Russell Investments Group Ltd. acquired a new stake in shares of Finance of America Companies during the third quarter worth about $29,000. JPMorgan Chase & Co. grew its holdings in shares of Finance of America Companies by 4,270.8% during the second quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock worth $49,000 after buying an additional 2,050 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Finance of America Companies in the 2nd quarter valued at about $57,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

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.