Finance of America Companies Inc. (NYSE:FOA – Get Free Report)’s stock price rose 4.6% on Tuesday . The stock traded as high as $10.95 and last traded at $10.77. Approximately 3,633 shares were traded during trading, a decline of 83% from the average daily volume of 21,528 shares. The stock had previously closed at $10.30.
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.
Read Our Latest Analysis on FOA
Finance of America Companies Stock Up 7.7 %
Finance of America Companies (NYSE:FOA – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.15. The firm had revenue of $79.04 million for the quarter, compared to the consensus estimate of $66.00 million. During the same period in the previous year, the company posted ($0.15) EPS. Equities research analysts anticipate that Finance of America Companies Inc. will post 0.11 earnings per share for the current year.
Institutional Investors Weigh In On Finance of America Companies
Large investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in Finance of America Companies by 2.7% during the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock valued at $55,000 after buying an additional 3,000 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Finance of America Companies in the 2nd quarter valued at $43,000. Finally, AQR Capital Management LLC bought a new position in shares of Finance of America Companies in the 2nd quarter worth $41,000. Institutional investors own 97.20% of the company’s stock.
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.
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