Finance of America Companies (NYSE:FOA) President Sells $17,707.50 in Stock

Finance of America Companies Inc. (NYSE:FOAGet Free Report) President Kristen Sieffert sold 750 shares of Finance of America Companies stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $23.61, for a total value of $17,707.50. Following the completion of the sale, the president owned 125,512 shares of the company’s stock, valued at $2,963,338.32. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Finance of America Companies Price Performance

FOA opened at $22.18 on Friday. The company has a debt-to-equity ratio of 43.57, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a market capitalization of $197.14 million, a P/E ratio of -7.37 and a beta of 1.65. The company’s 50-day simple moving average is $22.96 and its two-hundred day simple moving average is $21.11. 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:FOAGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Finance of America Companies had a positive return on equity of 28.51% and a negative net margin of 0.10%.The company had revenue of $62.48 million during the quarter, compared to the consensus estimate of $121.94 million. As a group, analysts predict that Finance of America Companies Inc. will post 4.44 EPS for the current year.

Hedge Funds Weigh In On Finance of America Companies

Several institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in Finance of America Companies by 3,503.1% during 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 raised its position in Finance of America Companies by 66.2% in the second quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock worth $3,188,000 after acquiring an additional 54,429 shares during the period. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 2,050 shares during the last quarter. American Century Companies Inc. boosted its stake 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 worth $2,065,000 after acquiring an additional 2,636 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of Finance of America Companies during the 2nd quarter worth $103,000. Institutional investors own 97.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on FOA shares. B. Riley Financial reaffirmed a “buy” rating and issued a $32.00 target price (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday. Wall Street Zen cut Finance of America Companies from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings upgraded Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Finally, Alliance Global Partners began coverage on Finance of America Companies in a report on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.50.

Check Out Our Latest Stock Report on FOA

About Finance of America Companies

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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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Insider Buying and Selling by Quarter for Finance of America Companies (NYSE:FOA)

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