Finance of America Companies (NYSE:FOA) President Kristen Sieffert Sells 750 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $23.50, for a total value of $17,625.00. Following the sale, the president directly owned 81,049 shares of the company’s stock, valued at approximately $1,904,651.50. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Finance of America Companies Trading Down 0.7%

Shares of NYSE FOA traded down $0.16 during mid-day trading on Thursday, hitting $22.99. The stock had a trading volume of 919 shares, compared to its average volume of 116,271. The business has a 50 day moving average price of $22.65 and a two-hundred day moving average price of $23.56. Finance of America Companies Inc. has a 1 year low of $16.58 and a 1 year high of $32.40. The company has a debt-to-equity ratio of 51.28, a quick ratio of 2.64 and a current ratio of 2.64. The firm has a market cap of $181.37 million, a P/E ratio of -8.70 and a beta of 1.62.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings results on Friday, August 18th. The company reported $0.12 earnings per share (EPS) for the quarter. On average, equities analysts anticipate that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Finance of America Companies

Institutional investors and hedge funds have recently modified their holdings of the stock. Cooperman Leon G grew its position in Finance of America Companies by 0.8% during the 3rd quarter. Cooperman Leon G now owns 1,286,040 shares of the company’s stock valued at $28,846,000 after purchasing an additional 10,628 shares during the last quarter. Invesco Ltd. bought a new stake in shares of Finance of America Companies during the third quarter valued at approximately $3,147,000. Geode Capital Management LLC boosted its stake in Finance of America Companies by 66.2% during the 2nd quarter. Geode Capital Management LLC now owns 136,672 shares of the company’s stock valued at $3,188,000 after purchasing an additional 54,429 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Finance of America Companies by 239.3% in the third quarter. Two Sigma Investments LP now owns 88,888 shares of the company’s stock worth $1,994,000 after purchasing an additional 62,687 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Finance of America Companies by 3.1% during the second quarter. American Century Companies Inc. now owns 88,554 shares of the company’s stock valued at $2,065,000 after purchasing an additional 2,636 shares in the last quarter. 97.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FOA. UBS Group set a $29.50 price objective on Finance of America Companies and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Finance of America Companies in a research report on Tuesday. One equities 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’s stock. According to MarketBeat, Finance of America Companies presently has a consensus rating of “Hold” and an average price target of $29.75.

Finance of America Companies Company Profile

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.