Finance of America Companies (NYSE:FOA) CIO Sells $118,080.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $19.68, for a total transaction of $118,080.00. Following the completion of the transaction, the executive directly owned 220,968 shares in the company, valued at $4,348,650.24. This represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 7th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $17.50, for a total transaction of $105,000.00.

Finance of America Companies Price Performance

Finance of America Companies stock traded down $1.33 during midday trading on Tuesday, reaching $18.30. The company had a trading volume of 64,848 shares, compared to its average volume of 87,589. The company has a market capitalization of $156.43 million, a P/E ratio of 45.74 and a beta of 1.69. The company has a debt-to-equity ratio of 43.57, a current ratio of 2.62 and a quick ratio of 2.62. Finance of America Companies Inc. has a 12-month low of $15.77 and a 12-month high of $29.58. The firm’s fifty day simple moving average is $19.10 and its 200-day simple moving average is $21.40.

Finance of America Companies (NYSE:FOA) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.26. The company had revenue of $120.14 million during the quarter, compared to the consensus estimate of $115.31 million. Finance of America Companies had a net margin of 7.20% and a return on equity of 22.24%. As a group, equities analysts anticipate that Finance of America Companies Inc. will post 4.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on FOA shares. B. Riley Financial started coverage on shares of Finance of America Companies in a report on Thursday, April 2nd. They issued a “buy” rating and a $22.50 price objective for the company. Zacks Research upgraded shares of Finance of America Companies to a “hold” rating in a report on Monday, April 6th. 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. Finally, Weiss Ratings downgraded shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Finance of America Companies has an average rating of “Hold” and an average target price of $26.00.

Institutional Trading of Finance of America Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in FOA. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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. Russell Investments Group Ltd. acquired a new stake in shares of Finance of America Companies during the 3rd quarter worth approximately $29,000. JPMorgan Chase & Co. increased its holdings in shares of Finance of America Companies by 4,270.8% during the 2nd 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Finance of America Companies during the 2nd quarter worth approximately $57,000. Finally, Bank of America Corp DE increased its holdings in shares of Finance of America Companies by 3,503.1% during the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock worth $65,000 after buying an additional 2,242 shares during the last quarter. 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.