Finance of America Companies Inc. (NYSE:FOA - Get Free Report) major shareholder Tactical Opportunit Blackstone sold 1,596,142 shares of the company's stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Tactical Opportunit Blackstone also recently made the following trade(s):
- On Thursday, December 4th, Tactical Opportunit Blackstone sold 1,596,142 shares of Finance of America Companies stock. The stock was sold at an average price of $10.00, for a total value of $15,961,420.00.
Finance of America Companies Stock Performance
FOA opened at $18.85 on Wednesday. The business has a fifty day simple moving average of $22.56 and a 200 day simple moving average of $23.37. The company has a market capitalization of $148.73 million, a PE ratio of -7.09 and a beta of 1.65. Finance of America Companies Inc. has a 1 year low of $16.58 and a 1 year high of $29.58. The company has a debt-to-equity ratio of 51.28, a current ratio of 2.64 and a quick ratio of 2.64.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on FOA. Weiss Ratings reissued a "sell (d)" rating on shares of Finance of America Companies in a research report on Monday, December 29th. UBS Group set a $29.50 price objective on shares of Finance of America Companies and gave the stock a "neutral" rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $29.75.
Read Our Latest Stock Report on FOA
Institutional Trading of Finance of America Companies
A number of institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew 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 purchasing an additional 822 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Finance of America Companies in the second quarter valued at about $29,000. Russell Investments Group Ltd. bought a new stake in Finance of America Companies during the third quarter worth about $29,000. Charles Schwab Investment Management Inc. lifted its position in Finance of America Companies by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,241 shares of the company's stock worth $442,000 after purchasing an additional 1,397 shares during the period. Finally, Citizens Financial Group Inc. RI grew its stake in Finance of America Companies by 5.6% during the third quarter. Citizens Financial Group Inc. RI now owns 28,500 shares of the company's stock worth $639,000 after buying an additional 1,500 shares in the last quarter. 97.20% of the stock is currently owned by institutional investors.
About Finance of America Companies
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Get Free Report)
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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