Finance of America Companies (NYSE:FOA) President Sells $12,472.50 in Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of Finance of America Companies stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $16.63, for a total transaction of $12,472.50. Following the sale, the president directly owned 128,512 shares in the company, valued at $2,137,154.56. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Finance of America Companies Price Performance

FOA stock traded up $0.04 during trading on Friday, reaching $17.76. 91,219 shares of the company were exchanged, compared to its average volume of 129,597. The company has a market capitalization of $151.86 million, a price-to-earnings ratio of 9.11 and a beta of 1.70. The company has a debt-to-equity ratio of 47.80, a current ratio of 2.67 and a quick ratio of 2.67. The company has a 50-day moving average of $19.73 and a two-hundred day moving average of $21.95. Finance of America Companies Inc. has a twelve month low of $15.77 and a twelve month high of $29.58.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, March 10th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $73.51 million for the quarter, compared to analyst estimates 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 predict that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FOA shares. Wall Street Zen lowered Finance of America Companies from a “hold” rating to a “sell” rating in a research report on Sunday, March 29th. B. Riley Financial began coverage on Finance of America Companies in a research report on Thursday. They issued a “buy” rating and a $22.50 target price for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Finance of America Companies in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.00.

Institutional Investors Weigh In On Finance of America Companies

A number of institutional investors have recently modified their holdings of FOA. Caitong International Asset Management Co. Ltd increased its position 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 worth $28,000 after buying an additional 822 shares during the period. Russell Investments Group Ltd. bought a new position in Finance of America Companies during the third quarter worth $29,000. JPMorgan Chase & Co. raised its stake in 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Finance of America Companies in the second quarter valued at $57,000. Finally, Bank of America Corp DE lifted its holdings 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. 97.20% of the stock is owned by institutional investors.

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.