Insider Selling: Finance of America Companies (NYSE:FOA) President Sells $16,395.00 in Stock

Finance of America Companies Inc. (NYSE:FOA) President Kristen Sieffert sold 750 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $21.86, for a total value of $16,395.00. Following the sale, the president directly owned 81,799 shares in the company, valued at approximately $1,788,126.14. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Finance of America Companies Stock Performance

NYSE:FOA opened at $22.31 on Friday. The stock has a 50-day moving average price of $23.53 and a 200 day moving average price of $23.20. The stock has a market capitalization of $247.23 million, a P/E ratio of -8.39 and a beta of 1.52. Finance of America Companies Inc. has a 12-month low of $14.26 and a 12-month high of $32.40. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 39.38.

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

Analyst Ratings Changes

Several analysts have recently issued reports on FOA shares. Wall Street Zen cut Finance of America Companies from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. UBS Group reaffirmed a “neutral” rating and set a $25.00 price target (up previously from $22.50) on shares of Finance of America Companies in a research note on Tuesday, July 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Finance of America Companies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Finance of America Companies presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Institutional Trading of Finance of America Companies

A number of institutional investors have recently bought and sold shares of FOA. JPMorgan Chase & Co. increased its position in Finance of America Companies by 1,815.8% during the third 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 last quarter. Prescott Group Capital Management L.L.C. purchased a new position in shares of Finance of America Companies during the third quarter valued at approximately $493,000. Citizens Financial Group Inc. RI grew its stake in shares of Finance of America Companies by 5.6% during the third quarter. Citizens Financial Group Inc. RI now owns 28,500 shares of the company’s stock valued at $639,000 after buying an additional 1,500 shares during the last quarter. Bank of America Corp DE boosted its holdings in Finance of America Companies by 681.8% during the 2nd quarter. Bank of America Corp DE now owns 42,209 shares of the company’s stock valued at $984,000 after acquiring an additional 36,810 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Finance of America Companies during the second quarter worth $57,000. 97.20% of the stock is currently owned by institutional investors.

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.