Finance of America Companies
FOA

$7.72

3.43%

Market Cap: 766M

About: Finance of America Companies Inc is a financial services holding company that, through its operating subsidiaries, is a modern retirement solutions platform that provides customers with access to an range of retirement offerings centered on the home. In addition, FoA offers capital markets and portfolio management capabilities to optimize the distribution of its originated loans to investors. It operates through two segments: Retirement Solutions and Portfolio Management. It generates the majority of its revenue from Retirement Solutions.

Employees: 922

Financials Mortgage Bankers & Loan Correspondents

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

2% more funds holding

Funds holding: 46 [Q4 2023] → 47 (+1) [Q1 2024]

5.48% less ownership

Funds ownership: 58.65% [Q4 2023] → 53.17% (-5.48%) [Q1 2024]

33% less capital invested

Capital invested by funds: $56.7M [Q4 2023] → $37.7M (-$19M) [Q1 2024]

44% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 18

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Research analyst outlook

We haven’t received any recent analyst ratings for FOA.

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Financial journalist opinion

Based on 3 articles about FOA published over the past 30 days

Finance of America Announces Second Quarter 2024 Earnings Release and Conference Call on August 6, 2024

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it will release results for the second quarter ended June 30, 2024 after market closing on Tuesday, August 6, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company's result.

Finance of America Announces Second Quarter 2024 Earnings Release and Conference Call on August 6, 2024

Finance of America Announces Expected Effective Date of July 25, 2024 for Reverse Stock Split

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that it expects its intended 1-for-10 reverse stock split of its outstanding shares of Class A Common Stock, previously disclosed on June 27, 2024, to be effective as of July 25, 2024 at 5:00 p.m. Eastern Time (the “Effective Time”). The Company's Class A Common Stock is expected.

Finance of America Announces Expected Effective Date of July 25, 2024 for Reverse Stock Split

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Finance of America Companies Inc. (FOA.WS)

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants — ticker symbol FOA.WS — to purchase shares of Class A common stock of Finance of America Companies Inc. (the “Company”) from the NYSE. Trading in the warrants will be suspended immediately. Trading in the Company's Class A common stock — ticker symbol FOA — will continue on the NYSE. NYSE Regulation has d.

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Finance of America Companies Inc. (FOA.WS)

Finance of America Announces Exchange Offer Support Agreement with Unsecured Corporate Noteholders

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a leading provider of home equity-based financing solutions for a modern retirement, today announced that certain of its direct and indirect subsidiaries, including Finance of America Funding LLC (“FOA Funding”), entered into an agreement (the “Exchange Offer Support Agreement”) with certain holders representing approximately 71.1% of FOA Funding's outstanding unsecured Senior N.

Finance of America Announces Exchange Offer Support Agreement with Unsecured Corporate Noteholders

Finance of America Companies Inc. (FOA) Q1 2024 Earnings Call Transcript

Finance of America Companies Inc. (NYSE:FOA ) Q1 2024 Results Conference Call May 6, 2024 5:00 PM ET Company Participants Michael Fant - SVP, Finance Graham Fleming - CEO Kristen Sieffert - President Matt Engel - CFO Conference Call Participants Douglas Harter - UBS Stephen Laws - Raymond James Operator Hello. Thank you for standing by.

Finance of America Companies Inc. (FOA) Q1 2024 Earnings Call Transcript

Finance of America Reports First Quarter 2024 Results

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a modern retirement solutions platform, reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Net loss from continuing operations for the first quarter of $16 million or $0.06 basic loss per share. For the quarter, the Company recognized an adjusted net loss(1) of $7 million or $0.03 per share. 69% improvement on a pre-tax basis in Retire.

Finance of America Reports First Quarter 2024 Results

Finance of America Unifies FAR, AAG Under Single Brand

TULSA, Okla.--(BUSINESS WIRE)--Finance of America Reverse LLC (“Finance of America” or the “Company”), a leading provider of home equity-based financing solutions for a modern retirement, today announced plans to consolidate its American Advisors Group (AAG) and Finance of America Reverse (FAR) brands under the single brand name, Finance of America. The change is generally expected to take effect in the third quarter of 2024 and will remain subject to regulatory considerations in certain jurisd.

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Finance of America Companies Inc. (FOA) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Finance of America Companies (FOA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Finance of America Companies Inc. (FOA) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Finance of America Announces First Quarter 2024 Earnings Release and Conference Call on May 6, 2024

PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (“Finance of America” or the “Company”) (NYSE: FOA), a modern retirement solutions platform, today announced that it will release results for the first quarter ended March 31, 2024 after market closing on Monday, May 6, 2024. Webcast and Earnings Conference Call Management will host a webcast and conference call on the same day at 5:00 pm Eastern Time to discuss the Company's results for the first quarter ended March 31, 2024. A c.

Finance of America Announces First Quarter 2024 Earnings Release and Conference Call on May 6, 2024

Finance of America Companies Inc. (FOA) Q4 2023 Earnings Call Transcript

Finance of America Companies Inc. (NYSE:FOA ) Q4 2023 Earnings Conference Call March 6, 2024 5:00 PM ET Company Participants Michael Fant - Senior Vice President of Finance Graham Fleming - Chief Executive Officer Kristen Sieffert - President Matthew Engel - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Cory Johnson - UBS Lee Cooperman - Omega Family Office Operator Ladies and gentlemen, thank you, for standing by. My name is [Natalie], and I will be your conference operator today.

Finance of America Companies Inc. (FOA) Q4 2023 Earnings Call Transcript

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