Finance of America Companies (NYSE:FOA) CAO Tai Thornock Sells 1,100 Shares

Finance of America Companies Inc. (NYSE:FOA) CAO Tai Thornock sold 1,100 shares of Finance of America Companies stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $23.04, for a total transaction of $25,344.00. Following the completion of the sale, the chief accounting officer owned 11,750 shares of the company’s stock, valued at $270,720. This trade represents a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Finance of America Companies Trading Up 0.4%

NYSE:FOA traded up $0.10 during trading hours on Thursday, reaching $23.08. 125,207 shares of the stock were exchanged, compared to its average volume of 116,401. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 51.28. The business has a 50-day moving average of $22.78 and a two-hundred day moving average of $23.65. Finance of America Companies Inc. has a twelve month low of $16.58 and a twelve month high of $32.40. The company has a market capitalization of $182.10 million, a price-to-earnings ratio of -8.68 and a beta of 1.62.

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

Analyst Ratings Changes

FOA has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Finance of America Companies in a research note on Monday. UBS Group set a $29.50 price target on shares of Finance of America Companies and gave the company a “neutral” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Finance of America Companies in the 2nd quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings in Finance of America Companies by 183.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock valued at $28,000 after buying an additional 822 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Finance of America Companies in the third quarter valued at $29,000. JPMorgan Chase & Co. lifted its holdings in Finance of America Companies by 4,270.8% during the 2nd 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 last quarter. Finally, Bank of America Corp DE boosted its position in shares of Finance of America Companies by 3,503.1% during the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock worth $65,000 after acquiring an additional 2,242 shares in the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.

About Finance of America Companies

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.