Finance of America Companies Inc. (NYSE:FOA – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $11.80, but opened at $11.36. Finance of America Companies shares last traded at $11.49, with a volume of 1,822 shares traded.
Analysts Set New Price Targets
Separately, UBS Group cut their price target on shares of Finance of America Companies from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, September 5th.
Get Our Latest Research Report on FOA
Finance of America Companies Trading Down 2.4 %
Finance of America Companies (NYSE:FOA – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.15. The business had revenue of $79.04 million during the quarter, compared to analyst estimates of $66.00 million. During the same period in the previous year, the company posted ($0.15) EPS. On average, sell-side analysts forecast that Finance of America Companies Inc. will post 0.11 earnings per share for the current year.
Institutional Trading of Finance of America Companies
A number of large investors have recently modified their holdings of the stock. 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. acquired a new stake in shares of Finance of America Companies during the 2nd quarter valued at approximately $43,000. Finally, Renaissance Technologies LLC grew its holdings in Finance of America Companies by 2.7% in the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock valued at $55,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.
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.
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