Finance of America Companies (NYSE:FOA) CIO Jeremy Prahm Sells 5,228 Shares of Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 5,228 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $21.39, for a total transaction of $111,826.92. Following the completion of the sale, the executive owned 226,968 shares in the company, valued at approximately $4,854,845.52. This trade represents a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 20th, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The stock was sold at an average price of $23.01, for a total value of $138,060.00.
• On Monday, April 6th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The shares were sold at an average price of $17.83, for a total value of $93,215.24.
• On Monday, March 23rd, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $17.50, for a total transaction of $105,000.00.

Finance of America Companies Stock Down 7.5%

NYSE:FOA opened at $19.89 on Tuesday. The firm has a market capitalization of $170.06 million, a PE ratio of 49.71 and a beta of 1.69. Finance of America Companies Inc. has a 52 week low of $15.77 and a 52 week high of $29.58. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 47.80. The stock has a 50 day moving average of $18.98 and a 200-day moving average of $21.49.

Finance of America Companies (NYSE:FOA) last issued its earnings results on Tuesday, May 5th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.26. Finance of America Companies had a return on equity of 22.59% and a net margin of 7.20%.The firm had revenue of $120.14 million for the quarter, compared to analyst estimates of $115.31 million. Analysts predict that Finance of America Companies Inc. will post 4.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. B. Riley Financial initiated coverage on shares of Finance of America Companies in a research report on Thursday, April 2nd. They issued a “buy” rating and a $22.50 price target for the company. Wall Street Zen upgraded Finance of America Companies from a “sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Zacks Research upgraded Finance of America Companies to a “hold” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.00.

Institutional Investors Weigh In On Finance of America Companies

A number of institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Finance of America Companies by 183.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after purchasing an additional 822 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Finance of America Companies during the third quarter worth $29,000. JPMorgan Chase & Co. grew 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 acquiring an additional 2,050 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 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 valued at $65,000 after purchasing an additional 2,242 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Finance of America Companies in the 2nd quarter valued at $57,000. 97.20% of the stock is owned by institutional investors and hedge funds.

Finance of America Companies Company Profile

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.