Finance of America Companies (NYSE:FOA) Downgraded by Wall Street Zen to “Sell”

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

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Finance of America Companies in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $29.50.

Finance of America Companies Price Performance

FOA stock opened at $16.34 on Friday. The company has a market capitalization of $139.72 million, a P/E ratio of 8.38 and a beta of 1.65. The company has a fifty day moving average price of $20.30 and a 200-day moving average price of $22.15. The company has a debt-to-equity ratio of 47.80, a quick ratio of 2.67 and a current ratio of 2.67. Finance of America Companies has a 52-week low of $16.09 and a 52-week high of $29.58.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $73.51 million for the quarter, compared to analysts’ expectations of $109.45 million. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. As a group, equities analysts expect that Finance of America Companies will post 0.75 EPS for the current year.

Insider Activity

In related news, major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $10.00, for a total value of $15,961,420.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,200,134 shares of company stock worth $32,073,013 in the last three months. Corporate insiders own 25.00% of the company’s stock.

Institutional Investors Weigh In On Finance of America Companies

Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Finance of America Companies by 3,503.1% in the fourth 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. Geode Capital Management LLC grew its position in shares of Finance of America Companies by 66.2% during the 2nd quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock worth $3,188,000 after buying an additional 54,429 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Finance of America Companies in the 2nd quarter valued at $29,000. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 2,050 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Finance of America Companies by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 88,554 shares of the company’s stock valued at $2,065,000 after acquiring an additional 2,636 shares during the period. Institutional investors and hedge funds 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.