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.
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