UBS Group Cuts Finance of America Companies (NYSE:FOA) Price Target to $22.50

Finance of America Companies (NYSE:FOA) had its price target reduced by UBS Group from $25.00 to $22.50 in a research note issued to investors on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Separately, Raymond James raised their target price on Finance of America Companies from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, March 25th.

Finance of America Companies Price Performance

Shares of FOA stock opened at $19.24 on Wednesday. The firm has a market cap of $206.12 million, a price-to-earnings ratio of 1.64 and a beta of 1.31. Finance of America Companies has a 12 month low of $4.10 and a 12 month high of $32.40. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 40.07. The stock has a 50-day moving average price of $21.62 and a 200 day moving average price of $21.13.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.24). Finance of America Companies had a negative return on equity of 4.00% and a net margin of 18.89%. The business had revenue of ($105.62) million for the quarter, compared to analyst estimates of $80.61 million. Research analysts expect that Finance of America Companies will post 0.75 EPS for the current year.

Institutional Investors Weigh In On Finance of America Companies

Hedge funds have recently bought and sold shares of the company. Bastion Asset Management Inc. bought a new position in Finance of America Companies during the fourth quarter worth about $4,850,000. Renaissance Technologies LLC grew its position in shares of Finance of America Companies by 600.5% in the 4th quarter. Renaissance Technologies LLC now owns 89,495 shares of the company’s stock valued at $2,517,000 after purchasing an additional 76,719 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Finance of America Companies during the 4th quarter worth approximately $984,000. Nkcfo LLC acquired a new stake in Finance of America Companies during the 4th quarter worth approximately $815,000. Finally, American Century Companies Inc. bought a new position in Finance of America Companies in the fourth quarter valued at approximately $781,000. 97.20% of the stock is currently owned by institutional investors and hedge funds.

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.