Edmond Safra Buys Finance of America Shares
Edmond Safra purchased 50,000 shares of Finance of America at $16.44 each.
Key Points
- Edmond Safra bought 50,000 shares of Finance of America Companies Inc. $FOA at $16.44 per share, totaling $822,000 on March 13, 2026.
- Shares of $FOA traded near $21.66 on Friday, with a market cap of about $192.6 million and a P/E ratio of 9.58.
- B. Riley Securities initiated coverage with a 'buy' rating and a $22.5 price target on April 2, 2026.
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Edmond Safra made a significant move by purchasing 50,000 shares of Finance of America Companies Inc. (NYSE: FOA) on March 13, 2026. The shares were bought at an average price of $16.44, amounting to a total investment of $822,000. This transaction was not part of a pre-planned trading program.
SAFRA EDMOND vs. the S&P 500
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Other Institutional Activity in Finance of America
Several institutional investors have also adjusted their positions in Finance of America. Beach Point Capital Management LP increased its holdings by 138,438 shares, bringing its total to 927,837 shares valued at about $15.4 million, marking a 17.5% increase. Vanguard Capital Management LLC opened a new position with 324,822 shares valued at approximately $5.4 million. Meanwhile, BlackRock, Inc. trimmed its holdings by 7,442 shares to 288,279 shares, valued at $4.8 million, reflecting a 2.5% decrease.
Finance of America Companies Inc. Stock Up 20.1%
Shares of NYSE:FOA traded near $21.66 on Friday. The company, which operates in the financial services sector, has a market cap of approximately $192.6 million. Its P/E ratio stands at 9.58, with a forward P/E of 4.05, and a beta of 1.7. The stock's 52-week range is between $15.77 and $29.58, with a 50-day moving average of $20.36 and a 200-day moving average of $21.49. Finance of America maintains a strong liquidity position with a current ratio of 9.23 and a quick ratio of 9.13, despite a high debt-to-equity ratio of 2670.33.
$FOA stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its most recent financial results, Finance of America reported revenue of $451.9 million, although it experienced a revenue decline of 27.5%. The company posted an earnings per share (EPS) of $2.26, with a net margin of 7.2% and a return on equity (ROE) of 15.6%. The next earnings report is scheduled for August 4, 2026.
Insider Buying and Selling at Finance of America Companies Inc.
In addition to Edmond Safra's purchase, Jeremy Prahm, the Chief Investment Officer, sold 8,860 shares on June 15, 2026, at $20.49 each, and 8,252 shares on June 1, 2026, at $19.55 each, both under pre-planned trading agreements. President Kristen Sieffert also sold 750 shares on June 1, 2026, at $19.64 per share.
Analysts Set New Price Targets
Analysts have been adjusting their views on Finance of America. On April 2, 2026, B. Riley Securities initiated coverage with a 'buy' rating and set a price target of $22.5. The consensus among analysts is a price target of $25, based on one analyst's opinion.
About Finance of America Companies Inc.
Finance of America Companies Inc. is a financial services holding company based in Plano, Texas. Founded in 2013, it provides home equity-based financing solutions, focusing on retirement financial products. The company operates through its Retirement Solutions and Portfolio Management segments, offering reverse mortgage loans and related services. Led by CEO Graham A. Fleming, Finance of America employs approximately 782 people.
Bottom Line
Edmond Safra's recent purchase of Finance of America shares highlights his confidence in the company. Institutional movements and analyst opinions provide additional context for investors. As always, remember that 13F filings and insider transactions reflect past actions and may not indicate current or future positions.
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