Finance of America Companies (NYSE:FOA) Stock Rating Lowered by Wall Street Zen

Finance of America Companies (NYSE:FOA) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Finance of America Companies in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Finance of America Companies currently has an average rating of “Reduce” and an average price target of $29.50.

Finance of America Companies Trading Down 2.1%

FOA opened at $16.34 on Friday. The firm’s fifty day moving average is $20.30 and its two-hundred day moving average is $22.17. The firm has a market cap of $139.72 million, a PE ratio of 8.38 and a beta of 1.65. Finance of America Companies has a twelve month low of $16.09 and a twelve month high of $29.58. The company has a debt-to-equity ratio of 47.80, a quick ratio of 2.67 and a current ratio of 2.67.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings results on Tuesday, March 10th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. The company had revenue of $73.51 million during the quarter, compared to analyst estimates of $109.45 million. Equities research analysts anticipate that Finance of America Companies will post 0.75 EPS for the current year.

Insider Activity at Finance of America Companies

In other Finance of America Companies news, CAO Tai A. Thornock sold 1,100 shares of Finance of America Companies stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $24.58, for a total value of $27,038.00. Following the transaction, the chief accounting officer owned 10,650 shares of the company’s stock, valued at approximately $261,777. The trade was a 9.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Urban Holdings L.L.C. Bto 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 transaction of $15,961,420.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 3,200,134 shares of company stock valued at $32,073,013. Corporate insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On Finance of America Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its holdings in 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 bought a new stake in shares of Finance of America Companies in the second quarter valued at about $29,000. Russell Investments Group Ltd. bought a new stake in shares of Finance of America Companies in the third quarter valued at about $29,000. JPMorgan Chase & Co. boosted its position in shares of 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Finance of America Companies during the second quarter worth about $57,000. 97.20% of the stock is owned by institutional investors and hedge funds.

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.