Finance of America Companies (NYSE:FOA - Free Report) had its price target increased by Raymond James from $27.00 to $30.00 in a report published on Tuesday morning,Benzinga reports. Raymond James currently has an outperform rating on the stock.
Finance of America Companies Stock Down 2.0 %
FOA traded down $0.43 during trading hours on Tuesday, hitting $21.39. 133,079 shares of the company's stock were exchanged, compared to its average volume of 76,979. The stock has a market cap of $229.11 million, a price-to-earnings ratio of 1.83 and a beta of 1.18. Finance of America Companies has a 1-year low of $4.10 and a 1-year high of $32.40. The stock's 50-day moving average is $23.67 and its two-hundred day moving average is $20.25. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07.
Finance of America Companies (NYSE:FOA - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.24). The business had revenue of ($105.62) million for 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%. Sell-side analysts predict that Finance of America Companies will post 0.75 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Finance of America Companies
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nkcfo LLC bought a new position in shares of Finance of America Companies in the fourth quarter valued at $815,000. Citizens Financial Group Inc. RI acquired a new position in Finance of America Companies during the fourth quarter worth approximately $562,000. Barclays PLC bought a new stake in Finance of America Companies in the fourth quarter valued at approximately $492,000. Marshall Wace LLP acquired a new stake in shares of Finance of America Companies in the fourth quarter valued at approximately $277,000. Finally, Bastion Asset Management Inc. bought a new position in shares of Finance of America Companies during the 4th quarter worth approximately $4,850,000. Institutional investors own 97.20% of the company's stock.
About Finance of America Companies
(
Get 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.
Recommended Stories
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
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
