Jeremy Prahm Sells 6,000 Shares of Finance of America Companies (NYSE:FOA) Stock

Finance of America Companies Inc. (NYSE:FOA) CIO Jeremy Prahm sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $23.01, for a total value of $138,060.00. Following the sale, the executive directly owned 232,196 shares in the company, valued at approximately $5,342,829.96. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jeremy Prahm also recently made the following trade(s):

• On Monday, April 6th, Jeremy Prahm sold 5,228 shares of Finance of America Companies stock. The stock was sold at an average price of $17.83, for a total transaction of $93,215.24.
• On Monday, March 23rd, Jeremy Prahm sold 6,000 shares of Finance of America Companies stock. The shares were sold at an average price of $17.50, for a total transaction of $105,000.00.

Finance of America Companies Trading Down 4.2%

Finance of America Companies stock opened at $21.58 on Friday. The company has a debt-to-equity ratio of 47.80, a quick ratio of 2.67 and a current ratio of 2.67. Finance of America Companies Inc. has a 1 year low of $15.77 and a 1 year high of $29.58. The firm’s 50-day moving average is $19.06 and its 200-day moving average is $21.61. The company has a market cap of $184.47 million, a P/E ratio of 11.06 and a beta of 1.70.

Finance of America Companies (NYSE:FOA) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. Finance of America Companies had a net margin of 9.09% and a return on equity of 10.30%. The firm had revenue of $73.51 million for the quarter, compared to analyst estimates of $109.45 million. On average, equities analysts expect that Finance of America Companies Inc. will post 4.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Finance of America Companies from a “sell” rating to a “hold” rating in a report on Monday, April 6th. B. Riley Financial assumed coverage on shares of Finance of America Companies in a research report on Thursday, April 2nd. They issued a “buy” rating and a $22.50 price objective on the stock. Zacks Research raised shares of Finance of America Companies to a “hold” rating in a research note on Monday, April 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Finance of America Companies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Finance of America Companies presently has a consensus rating of “Hold” and an average price target of $26.00.

Institutional Trading of Finance of America Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in FOA. Caitong International Asset Management Co. Ltd raised its holdings in Finance of America Companies by 183.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,269 shares of the company’s stock worth $28,000 after purchasing an additional 822 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Finance of America Companies in the third quarter worth about $29,000. JPMorgan Chase & Co. boosted 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 purchasing an additional 2,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Finance of America Companies in the second quarter worth $57,000. Finally, Bank of America Corp DE increased its holdings in shares of Finance of America Companies by 3,503.1% in the 4th quarter. Bank of America Corp DE now owns 2,306 shares of the company’s stock valued at $65,000 after purchasing an additional 2,242 shares during the period. 97.20% of the stock is currently owned by institutional investors.

About Finance of America Companies

Finance of America Companies (NYSE: FOA) is a diversified nonbank financial services firm specializing in mortgage and insurance products for consumers. The company operates across multiple business segments, delivering home financing solutions, retirement products and specialized lending services through a blend of digital and traditional distribution channels.

In its mortgage segment, FOA originates and purchases a range of home loans including purchase, refinance, FHA, VA and USDA loans.