Finance of America Companies (NYSE:FOA) Major Shareholder Urban Holdings L.L.C. Bto Sells 1,596,142 Shares

Finance of America Companies Inc. (NYSE:FOA) major shareholder Urban Holdings L.L.C. Bto sold 1,596,142 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $10.00, for a total transaction of $15,961,420.00. Following the transaction, the insider owned 2,161 shares in the company, valued at approximately $21,610. This trade represents a 99.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Finance of America Companies Stock Performance

NYSE:FOA traded up $0.21 during trading hours on Monday, reaching $22.72. The company had a trading volume of 100,848 shares, compared to its average volume of 116,325. The firm’s 50 day moving average price is $22.64 and its 200-day moving average price is $23.57. The firm has a market cap of $179.22 million, a price-to-earnings ratio of -8.54 and a beta of 1.62. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 51.28. Finance of America Companies Inc. has a 52 week low of $16.58 and a 52 week high of $32.40.

Finance of America Companies (NYSE:FOA) last released its quarterly earnings results on Friday, August 18th. The company reported $0.12 earnings per share (EPS) for the quarter. On average, analysts forecast that Finance of America Companies Inc. will post 0.75 EPS for the current year.

Analyst Upgrades and Downgrades

FOA has been the subject of several research reports. UBS Group set a $29.50 price target on shares of Finance of America Companies and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Finance of America Companies in a report on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.75.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Finance of America Companies in the second quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its holdings in Finance of America Companies by 183.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock valued at $28,000 after buying an additional 822 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Finance of America Companies during the 3rd quarter valued at approximately $29,000. JPMorgan Chase & Co. increased its stake in Finance of America Companies by 4,270.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,098 shares of the company’s stock worth $49,000 after acquiring an additional 2,050 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Finance of America Companies by 3,503.1% during the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock worth $65,000 after acquiring an additional 2,242 shares in the last quarter. 97.20% of the stock is owned by hedge funds and other institutional investors.

Finance of America Companies Company Profile

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.