Finance Of America Companies (NYSE:FOA) Price Target Cut to $3.50 by Analysts at Credit Suisse Group

Finance Of America Companies (NYSE:FOAGet Rating) had its price objective reduced by Credit Suisse Group from $4.00 to $3.50 in a report released on Monday morning, Stock Target Advisor reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on the company. The Goldman Sachs Group lowered their price target on Finance Of America Companies from $1.75 to $1.60 and set a neutral rating for the company in a research report on Tuesday, October 4th. Morgan Stanley lowered their price target on Finance Of America Companies from $2.50 to $2.00 and set an equal weight rating for the company in a research report on Monday, August 15th. Finally, Raymond James downgraded Finance Of America Companies from a strong-buy rating to an outperform rating and lowered their price target for the company from $4.50 to $2.50 in a research report on Friday, November 11th.

Finance Of America Companies Trading Down 0.6 %

Shares of NYSE:FOA opened at $1.56 on Monday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 18.75. Finance Of America Companies has a 52 week low of $1.20 and a 52 week high of $5.14. The business has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $1.74.

Institutional Investors Weigh In On Finance Of America Companies

Several institutional investors and hedge funds have recently modified their holdings of FOA. Virtu Financial LLC purchased a new stake in shares of Finance Of America Companies in the third quarter worth about $26,000. SG Americas Securities LLC purchased a new stake in shares of Finance Of America Companies in the second quarter worth about $27,000. American International Group Inc. boosted its position in shares of Finance Of America Companies by 101.1% in the second quarter. American International Group Inc. now owns 18,171 shares of the company’s stock worth $29,000 after buying an additional 9,137 shares during the period. Bank of Montreal Can purchased a new stake in shares of Finance Of America Companies in the second quarter worth about $30,000. Finally, Capstone Financial Advisors Inc. boosted its position in shares of Finance Of America Companies by 66.7% in the second quarter. Capstone Financial Advisors Inc. now owns 25,000 shares of the company’s stock worth $39,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 53.06% of the company’s stock.

About Finance Of America Companies

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Finance of America Companies Inc operates a consumer lending platform in the United States. The company operates through: Mortgage Originations, Reverse Originations, Commercial Originations, Lender Services, and Portfolio Management segments. It provides residential mortgage loans to the government sponsored entities; government-insured agricultural lending solutions to farmers; product development, loan securitization, loan sales, risk management, asset management, and servicing oversight services to enterprise and third-party funds; and ancillary business services, title agency and title insurance services, mortgage servicing rights valuation and trade brokerage, transactional fulfillment services, mortgage loan third party review or due diligence services, and appraisal and capital management services to residential mortgage, student lending, and commercial lending industry customers.

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