Finance of America Companies (NYSE:FOA) CIO Jeremy Prahm Sells 6,000 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $16.82, for a total value of $100,920.00. Following the completion of the sale, the executive directly owned 167,856 shares of the company’s stock, valued at $2,823,337.92. This represents a 3.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Prahm also recently made the following trade(s):

• On Monday, August 24th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $19.87, for a total value of $119,220.00.
• On Monday, August 10th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $21.73, for a total transaction of $130,380.00.
• On Thursday, August 6th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $22.26, for a total transaction of $133,560.00.
• On Monday, June 15th, Jeremy Prahm sold 8,860 shares of Finance of America Companies stock. The stock was sold at an average price of $20.49, for a total value of $181,541.40.

Finance of America Companies Price Performance

NYSE:FOA opened at $15.67 on Friday. The company has a debt-to-equity ratio of 60.78, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market cap of $271.23 million, a P/E ratio of -5.21 and a beta of 1.65. The company has a fifty day moving average price of $21.86 and a 200 day moving average price of $20.50. Finance of America Companies Inc. has a one year low of $15.55 and a one year high of $29.79.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, August 4th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). The firm had revenue of $62.48 million during the quarter, compared to analyst estimates of $121.94 million. Finance of America Companies had a negative net margin of 0.10% and a positive return on equity of 28.39%. Analysts anticipate that Finance of America Companies Inc. will post 4.16 earnings per share for the current year.

Institutional Investors Weigh In On Finance of America Companies

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in Finance of America Companies by 3,503.1% during the fourth 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 during the period. Geode Capital Management LLC grew its position in shares of 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 worth $3,188,000 after purchasing an additional 54,429 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 2,050 shares during the period. American Century Companies Inc. increased 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 worth $2,065,000 after purchasing an additional 2,636 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in shares of Finance of America Companies in the second quarter valued at approximately $103,000. Institutional investors own 97.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FOA. Wall Street Zen raised Finance of America Companies from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research cut shares of Finance of America Companies from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Alliance Global Partners initiated coverage on shares of Finance of America Companies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $30.00 price objective for the company. B. Riley Financial reaffirmed a “buy” rating and set a $32.00 price target (up from $25.00) on shares of Finance of America Companies in a research report on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Finance of America Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.50.

About Finance of America Companies

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.