Finance of America Companies (NYSE:FOA) Stock Rating Lowered by UBS Group

UBS Group cut shares of Finance of America Companies (NYSE:FOA) from a buy rating to a neutral rating in a research note published on Wednesday morning, Marketbeat reports. They currently have $24.00 target price on the stock, up from their previous target price of $14.00.

Finance of America Companies Stock Performance

NYSE FOA opened at $22.08 on Wednesday. The company has a debt-to-equity ratio of 40.07, a current ratio of 2.80 and a quick ratio of 2.80. The company has a market cap of $219.25 million, a P/E ratio of 1.89 and a beta of 1.07. The stock has a 50-day moving average of $13.51 and a two-hundred day moving average of $9.16. Finance of America Companies has a 1-year low of $4.10 and a 1-year high of $27.89.

Finance of America Companies (NYSE:FOA) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.54. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The firm had revenue of $290.07 million during the quarter, compared to analysts’ expectations of $72.00 million. During the same quarter in the previous year, the business posted ($1.40) earnings per share. As a group, analysts anticipate that Finance of America Companies will post 0.11 EPS for the current year.

Institutional Trading of Finance of America Companies

A number of institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new position in shares of Finance of America Companies in the 2nd quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Finance of America Companies during the second quarter worth about $43,000. Finally, Renaissance Technologies LLC increased its position in shares of Finance of America Companies by 2.7% during the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after purchasing an additional 3,000 shares in the last quarter. 97.20% of the stock is owned by hedge funds and other institutional investors.

About Finance of America Companies

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.