Finance Of America Companies (NYSE:FOA – Free Report) had its price target trimmed by Raymond James from $2.25 to $2.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.
Separately, Credit Suisse Group assumed coverage on shares of Finance Of America Companies in a report on Wednesday, August 16th. They set a neutral rating and a $2.00 price objective on the stock.
Finance Of America Companies Price Performance
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in Finance Of America Companies in the second quarter valued at approximately $67,000. Long Focus Capital Management LLC grew its position in Finance Of America Companies by 5.6% in the first quarter. Long Focus Capital Management LLC now owns 1,083,572 shares of the company’s stock valued at $1,344,000 after acquiring an additional 57,183 shares in the last quarter. Rhumbline Advisers grew its position in Finance Of America Companies by 229.8% in the second quarter. Rhumbline Advisers now owns 48,967 shares of the company’s stock valued at $77,000 after acquiring an additional 34,119 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Finance Of America Companies by 35.1% in the second quarter. Goldman Sachs Group Inc. now owns 29,128 shares of the company’s stock valued at $46,000 after acquiring an additional 7,573 shares in the last quarter. Finally, Citigroup Inc. grew its position in Finance Of America Companies by 260.4% in the second quarter. Citigroup Inc. now owns 23,047 shares of the company’s stock valued at $44,000 after acquiring an additional 16,652 shares in the last quarter.
Finance Of America Companies Company Profile
Finance of America Companies Inc operates a consumer lending platform in the United States. The company operates through five segments: 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 management services to residential mortgage, student lending, and commercial lending industry customers.
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