Citizens Financial Group Inc. RI acquired a new position in Finance of America Companies Inc. (NYSE:FOA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,000 shares of the company's stock, valued at approximately $562,000. Citizens Financial Group Inc. RI owned 0.20% of Finance of America Companies as of its most recent filing with the SEC.
Separately, Nkcfo LLC purchased a new stake in Finance of America Companies in the 4th quarter worth about $815,000. Institutional investors own 97.20% of the company's stock.
Finance of America Companies Stock Up 7.2 %
Shares of NYSE:FOA traded up $1.50 during trading on Monday, reaching $22.32. 143,539 shares of the company traded hands, compared to its average volume of 73,989. Finance of America Companies Inc. has a 1-year low of $4.10 and a 1-year high of $32.40. 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 cap of $221.59 million, a P/E ratio of 1.91 and a beta of 1.18. The firm has a fifty day simple moving average of $24.95 and a 200 day simple moving average of $19.42.
Finance of America Companies (NYSE:FOA - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.24). The firm had revenue of ($105.62) million during the quarter, compared to analyst estimates of $80.61 million. Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. Analysts anticipate that Finance of America Companies Inc. will post 0.75 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, UBS Group downgraded Finance of America Companies from a "buy" rating to a "neutral" rating and upped their target price for the company from $14.00 to $24.00 in a report on Wednesday, November 20th.
View Our Latest Stock Report on FOA
Finance of America Companies Company 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.
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