Finance of America Companies Inc. (NYSE:FOA – Get Free Report) President Kristen Sieffert sold 750 shares of Finance of America Companies stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $17.55, for a total transaction of $13,162.50. Following the completion of the transaction, the president directly owned 124,762 shares in the company, valued at approximately $2,189,573.10. The trade was a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Finance of America Companies Trading Up 0.7%
NYSE:FOA opened at $17.41 on Friday. The firm has a market capitalization of $301.37 million, a P/E ratio of -5.78 and a beta of 1.65. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 60.78. The company has a fifty day moving average of $22.90 and a 200 day moving average of $20.70. Finance of America Companies Inc. has a 52 week low of $15.77 and a 52 week high of $29.79.
Finance of America Companies (NYSE:FOA – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). The firm had revenue of $62.48 million during the quarter, compared to analysts’ expectations of $121.94 million. Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.39%. On average, research analysts predict that Finance of America Companies Inc. will post 4.16 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Institutional Investors Weigh In On Finance of America Companies
Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its holdings in Finance of America Companies by 183.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after purchasing an additional 822 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Finance of America Companies during the 3rd quarter valued at $29,000. California State Teachers Retirement System boosted its holdings in shares of Finance of America Companies by 440.4% during the 2nd quarter. California State Teachers Retirement System now owns 1,486 shares of the company’s stock valued at $41,000 after buying an additional 1,211 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 worth $49,000 after buying an additional 2,050 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Finance of America Companies by 3,503.1% in 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 period. 97.20% of the stock is currently owned by 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.
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