Shares of Focus Financial Partners Inc (NASDAQ:FOCS) have been given an average rating of “Hold” by the six brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $42.80.
Several brokerages have recently issued reports on FOCS. Zacks Investment Research upgraded Focus Financial Partners from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Friday, March 1st. SunTrust Banks lifted their price target on Focus Financial Partners to $42.00 and gave the company a “hold” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets lifted their price target on Focus Financial Partners from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, February 25th.
NASDAQ FOCS traded down $0.60 during trading on Friday, reaching $36.43. 1,372,100 shares of the company’s stock were exchanged, compared to its average volume of 206,353. Focus Financial Partners has a fifty-two week low of $22.61 and a fifty-two week high of $49.51. The firm has a market capitalization of $2.41 billion and a PE ratio of 36.80. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 1.23.
Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. The firm had revenue of $247.50 million during the quarter, compared to analyst estimates of $244.78 million. Focus Financial Partners had a negative return on equity of 23.64% and a negative net margin of 4.34%. The firm’s revenue was up 30.4% compared to the same quarter last year. Research analysts anticipate that Focus Financial Partners will post 2.03 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in Focus Financial Partners in the 4th quarter worth approximately $781,000. Millennium Management LLC increased its position in shares of Focus Financial Partners by 19.7% during the fourth quarter. Millennium Management LLC now owns 484,974 shares of the company’s stock valued at $12,769,000 after purchasing an additional 79,822 shares during the period. Macquarie Group Ltd. increased its position in shares of Focus Financial Partners by 2.7% during the fourth quarter. Macquarie Group Ltd. now owns 17,381 shares of the company’s stock valued at $458,000 after purchasing an additional 452 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Focus Financial Partners during the fourth quarter valued at approximately $662,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Focus Financial Partners by 246.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,850 shares of the company’s stock valued at $154,000 after purchasing an additional 4,162 shares during the period. 80.04% of the stock is currently owned by institutional investors.
Focus Financial Partners Company Profile
Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.
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