National Bank of Canada FI Buys New Position in Finance of America Companies Inc. (NYSE:FOA)

National Bank of Canada FI purchased a new stake in Finance of America Companies Inc. (NYSE:FOA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,858 shares of the company’s stock, valued at approximately $52,000.

Several other large investors have also bought and sold shares of FOA. O Shaughnessy Asset Management LLC purchased a new stake in shares of Finance of America Companies in the fourth quarter valued at about $369,000. Arrowstreet Capital Limited Partnership purchased a new stake in Finance of America Companies in the 4th quarter valued at about $984,000. American Century Companies Inc. bought a new position in shares of Finance of America Companies during the 4th quarter worth approximately $781,000. Citizens Financial Group Inc. RI purchased a new position in shares of Finance of America Companies in the 4th quarter worth approximately $562,000. Finally, Nkcfo LLC bought a new position in shares of Finance of America Companies in the fourth quarter valued at approximately $815,000. 97.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James lifted their price target 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

FOA opened at $18.47 on Friday. Finance of America Companies Inc. has a fifty-two week low of $4.10 and a fifty-two week high of $32.40. The firm has a 50-day moving average of $22.14 and a 200 day moving average of $20.91. The company has a debt-to-equity ratio of 40.07, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a market cap of $197.85 million, a P/E ratio of 1.58 and a beta of 1.31.

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

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.