Key Points
- Kristen Sieffert, president of Finance of America Companies, sold 750 shares on April 1 at an average price of $16.63, cutting her stake by 0.58% to 128,512 shares (about $2.14M in value).
- Finance of America Companies reported quarterly EPS of $0.69 (beating the $0.65 estimate) but revenue of $73.51M well below the $109.45M forecast, while analysts hold a mixed view with a consensus "Hold" rating and a $26 target.
- Shares trade near $17.76 (12‑month range $15.77–$29.58) with a market cap of roughly $152M, a PE ratio around 9.1, and about 97.2% of the stock held by institutional investors.
Finance of America Companies Inc. (NYSE:FOA - Get Free Report) President Kristen Sieffert sold 750 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $16.63, for a total value of $12,472.50. Following the completion of the sale, the president owned 128,512 shares of the company's stock, valued at $2,137,154.56. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Finance of America Companies Stock Up 0.2%
Shares of FOA opened at $17.76 on Friday. The company has a market capitalization of $151.86 million, a PE ratio of 9.11 and a beta of 1.70. Finance of America Companies Inc. has a 12 month low of $15.77 and a 12 month high of $29.58. The stock's 50-day moving average price is $19.62 and its two-hundred day moving average price is $21.89. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 47.80.
Finance of America Companies (NYSE:FOA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $73.51 million during the quarter, compared to analysts' expectations of $109.45 million. Finance of America Companies had a return on equity of 10.30% and a net margin of 9.09%. On average, analysts anticipate that Finance of America Companies Inc. will post 0.75 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Finance of America Companies from a "hold" rating to a "sell" rating in a research report on Sunday, March 29th. Weiss Ratings restated a "sell (d)" rating on shares of Finance of America Companies in a research report on Monday, December 29th. Finally, B. Riley Financial initiated coverage on shares of Finance of America Companies in a research note on Thursday. They issued a "buy" rating and a $22.50 price objective on the stock. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $26.00.
Get Our Latest Stock Analysis on FOA
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $28,000 after purchasing an additional 822 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Finance of America Companies in the third quarter worth approximately $29,000. JPMorgan Chase & Co. increased its holdings in Finance of America Companies by 4,270.8% in the second quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company's stock worth $49,000 after purchasing an additional 2,050 shares in the last quarter. Bank of America Corp DE lifted its stake 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Finance of America Companies during the 2nd quarter worth approximately $57,000. 97.20% of the stock is owned by institutional investors.
About Finance of America Companies
(
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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