Arrowstreet Capital Limited Partnership purchased a new position in Finance of America Companies Inc. (NYSE:FOA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 34,989 shares of the company's stock, valued at approximately $984,000. Arrowstreet Capital Limited Partnership owned approximately 0.35% of Finance of America Companies at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Citizens Financial Group Inc. RI bought a new position in Finance of America Companies in the 4th quarter worth about $562,000. American Century Companies Inc. purchased a new position in Finance of America Companies in the fourth quarter worth about $781,000. Finally, Nkcfo LLC bought a new position in shares of Finance of America Companies in the fourth quarter worth approximately $815,000. 97.20% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. UBS Group reduced 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. Raymond James lifted their target price on Finance of America Companies from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, March 25th.
Check Out Our Latest Research Report on Finance of America Companies
Finance of America Companies Stock Performance
FOA traded up $0.38 during midday trading on Thursday, hitting $19.45. 8,910 shares of the company traded hands, compared to its average volume of 81,092. The company's 50-day moving average is $21.82 and its 200 day moving average is $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 firm has a market capitalization of $208.35 million, a PE ratio of 1.66 and a beta of 1.31. Finance of America Companies Inc. has a 52 week low of $4.10 and a 52 week high of $32.40.
Finance of America Companies (NYSE:FOA - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.24). Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The company had revenue of ($105.62) million for the quarter, compared to the consensus estimate of $80.61 million. On average, research analysts expect that Finance of America Companies Inc. will post 0.75 EPS for the current year.
Finance of America Companies Profile
(
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.
Read More
Before you consider Finance of America Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Finance of America Companies wasn't on the list.
While Finance of America Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
