11,300 Shares in Finance of America Companies Inc. (NYSE:FOA) Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new position in shares of Finance of America Companies Inc. (NYSE:FOA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,300 shares of the company’s stock, valued at approximately $318,000. OMERS ADMINISTRATION Corp owned 0.11% of Finance of America Companies as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in FOA. National Bank of Canada FI purchased a new position in Finance of America Companies in the 4th quarter valued at approximately $52,000. Geode Capital Management LLC boosted its position in Finance of America Companies by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 79,123 shares of the company’s stock valued at $2,226,000 after buying an additional 2,207 shares during the period. Bank of America Corp DE boosted its position in Finance of America Companies by 3,503.1% in the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock valued at $65,000 after buying an additional 2,242 shares during the period. Millennium Management LLC boosted its position in Finance of America Companies by 14.2% in the 4th quarter. Millennium Management LLC now owns 49,415 shares of the company’s stock valued at $1,390,000 after buying an additional 6,132 shares during the period. Finally, Stifel Financial Corp purchased a new position in Finance of America Companies in the 4th quarter valued at approximately $204,000. Hedge funds and other institutional investors own 97.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FOA shares. Raymond James raised their price target on shares of Finance of America Companies from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, March 25th. UBS Group decreased their price target on shares of Finance of America Companies from $25.00 to $22.50 and set a “neutral” rating for the company in a research report on Wednesday, April 16th.

Finance of America Companies Price Performance

Shares of FOA opened at $21.97 on Tuesday. Finance of America Companies Inc. has a twelve month low of $4.10 and a twelve month high of $32.40. The firm’s fifty day simple moving average is $20.58 and its 200-day simple moving average is $22.66. The firm has a market capitalization of $235.34 million, a price-to-earnings ratio of 1.88 and a beta of 1.42. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The business had revenue of $165.70 million for the quarter, compared to analyst estimates of $79.56 million. Equities analysts forecast that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.

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.