Focus Financial Partners Inc (NASDAQ:FOCS) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $37.70.
A number of analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Focus Financial Partners from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday. Zacks Investment Research cut shares of Focus Financial Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. William Blair restated a “market perform” rating on shares of Focus Financial Partners in a research note on Thursday, November 7th. Bank of America dropped their price target on shares of Focus Financial Partners from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, SunTrust Banks set a $26.00 price target on shares of Focus Financial Partners and gave the company a “hold” rating in a research note on Friday, August 9th.
Shares of FOCS stock opened at $26.26 on Wednesday. The stock has a market capitalization of $1.86 billion, a P/E ratio of 26.53, a PEG ratio of 0.59 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 1.59. The firm’s 50 day moving average is $23.09 and its 200 day moving average is $26.38. Focus Financial Partners has a 12 month low of $19.05 and a 12 month high of $40.36.
Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. The company had revenue of $316.60 million for the quarter, compared to analysts’ expectations of $308.55 million. Focus Financial Partners had a negative net margin of 0.93% and a positive return on equity of 16.83%. Focus Financial Partners’s revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. On average, equities analysts predict that Focus Financial Partners will post 1.96 EPS for the current year.
Several hedge funds have recently made changes to their positions in the stock. TimesSquare Capital Management LLC increased its holdings in Focus Financial Partners by 53.1% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,930,645 shares of the company’s stock worth $52,726,000 after acquiring an additional 669,645 shares during the period. JPMorgan Chase & Co. increased its holdings in Focus Financial Partners by 29.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,127,067 shares of the company’s stock worth $58,495,000 after acquiring an additional 483,780 shares during the period. Vanguard Group Inc. increased its holdings in Focus Financial Partners by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,715,098 shares of the company’s stock worth $74,149,000 after acquiring an additional 350,511 shares during the period. Invesco Ltd. increased its holdings in Focus Financial Partners by 3,557.2% during the 2nd quarter. Invesco Ltd. now owns 287,710 shares of the company’s stock worth $7,858,000 after acquiring an additional 279,843 shares during the period. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in Focus Financial Partners during the 3rd quarter worth approximately $5,795,000. Institutional investors own 79.49% of the company’s stock.
About Focus Financial Partners
Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. The company also offers recordkeeping and administration services.
Recommended Story: Diversification For Individual Investors
Receive News & Ratings for Focus Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Focus Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter.