Brokerages Set Finance of America Companies Inc. (NYSE:FOA) Price Target at $27.33

Finance of America Companies Inc. (NYSE:FOA) has earned a consensus recommendation of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $27.3333.

A number of research analysts have issued reports on FOA shares. Wall Street Zen downgraded Finance of America Companies from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research raised shares of Finance of America Companies to a “hold” rating in a research note on Monday, April 6th. Alliance Global Partners initiated coverage on shares of Finance of America Companies in a research note on Wednesday, July 22nd. They issued a “buy” rating and a $30.00 target price for the company. Weiss Ratings raised shares of Finance of America Companies from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Finally, B. Riley Financial initiated coverage on shares of Finance of America Companies in a research report on Thursday, April 2nd. They set a “buy” rating and a $22.50 price target on the stock.

Finance of America Companies Price Performance

Shares of FOA opened at $22.92 on Wednesday. The business’s 50-day moving average is $22.22 and its two-hundred day moving average is $21.13. The company has a market capitalization of $203.72 million, a P/E ratio of 57.29 and a beta of 1.62. The company has a debt-to-equity ratio of 43.57, a quick ratio of 2.62 and a current ratio of 2.62. Finance of America Companies has a fifty-two week low of $15.77 and a fifty-two week high of $29.79.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.26. Finance of America Companies had a return on equity of 22.24% and a net margin of 7.20%.The business had revenue of $120.14 million during the quarter, compared to analysts’ expectations of $115.31 million. Research analysts predict that Finance of America Companies will post 4.59 earnings per share for the current year.

Insider Activity

In other news, CIO Jeremy Prahm sold 8,860 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $20.49, for a total transaction of $181,541.40. Following the sale, the executive directly owned 203,856 shares in the company, valued at $4,177,009.44. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 20,838 shares of company stock worth $431,968. Corporate insiders own 35.37% of the company’s stock.

Institutional Trading of Finance of America Companies

Several institutional investors have recently bought and sold shares of the business. Beach Point Capital Management LP raised its stake in shares of Finance of America Companies by 557.5% during the 4th quarter. Beach Point Capital Management LP now owns 789,399 shares of the company’s stock worth $19,111,000 after buying an additional 669,336 shares during the period. JPMorgan Chase & Co. grew its stake in Finance of America Companies by 1,815.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,194 shares of the company’s stock valued at $902,000 after acquiring an additional 38,096 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Finance of America Companies in the 3rd quarter valued at $553,000. Purpose Unlimited Inc. purchased a new stake in Finance of America Companies in the 4th quarter worth $2,325,000. Finally, Palisades Investment Partners LLC purchased a new stake in Finance of America Companies in the 4th quarter worth $201,000. 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.