American Century Companies Inc. purchased a new stake in shares of Finance of America Companies Inc. (NYSE:FOA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 27,762 shares of the company's stock, valued at approximately $781,000. American Century Companies Inc. owned about 0.28% of Finance of America Companies at the end of the most recent quarter.
Separately, Citizens Financial Group Inc. RI purchased a new stake in Finance of America Companies in the fourth quarter valued at approximately $562,000. Institutional investors own 97.20% of the company's stock.
Analyst Ratings Changes
FOA has been the subject of several research analyst reports. UBS Group lowered their price target on Finance of America Companies from $25.00 to $22.50 and set a "neutral" rating for the company in a research report on Wednesday. Raymond James raised their target price on Finance of America Companies from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, March 25th.
Get Our Latest Stock Report on Finance of America Companies
Finance of America Companies Stock Up 1.0 %
NYSE FOA traded up $0.19 on Thursday, hitting $19.26. 5,755 shares of the stock were exchanged, compared to its average volume of 81,082. Finance of America Companies Inc. has a fifty-two week low of $4.10 and a fifty-two week high of $32.40. The company has a 50-day moving average price of $21.82 and a 200-day moving average price of $21.02. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. The company has a market cap of $206.30 million, a PE ratio of 1.64 and a beta of 1.31.
Finance of America Companies (NYSE:FOA - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.24). Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. The firm had revenue of ($105.62) million for the quarter, compared to analyst estimates of $80.61 million. Sell-side analysts anticipate that Finance of America Companies Inc. will post 0.75 EPS for the current fiscal year.
About Finance of America Companies
(
Free Report)
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.
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