HFF (HF) Downgraded by JMP Securities

HFF (NYSE:HF) was downgraded by JMP Securities from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, MarketBeat Ratings reports.

A number of other analysts also recently commented on HF. Zacks Investment Research raised shares of HFF from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Friday, November 3rd. ValuEngine raised shares of HFF from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.50.

HFF (NYSE HF) traded up $0.49 during trading on Wednesday, hitting $48.96. 122,421 shares of the stock traded hands, compared to its average volume of 207,660. The stock has a market cap of $1,869.95, a PE ratio of 21.96 and a beta of 1.16. HFF has a 1-year low of $25.79 and a 1-year high of $51.74.

HFF (NYSE:HF) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.02). The company had revenue of $148.02 million for the quarter, compared to analyst estimates of $144.63 million. HFF had a return on equity of 39.03% and a net margin of 15.20%. analysts anticipate that HFF will post 2.36 earnings per share for the current year.

In other HFF news, Director John Fowler sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $45.12, for a total transaction of $676,800.00. Following the transaction, the director now owns 246,878 shares of the company’s stock, valued at approximately $11,139,135.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael Tepedino sold 8,943 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $43.83, for a total transaction of $391,971.69. Following the transaction, the insider now directly owns 151,481 shares in the company, valued at approximately $6,639,412.23. The disclosure for this sale can be found here. Insiders have sold a total of 113,959 shares of company stock worth $5,061,936 over the last quarter. 5.70% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of HFF by 10.0% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,569,569 shares of the financial services provider’s stock worth $220,332,000 after purchasing an additional 504,994 shares during the period. Vanguard Group Inc. boosted its holdings in shares of HFF by 2.8% during the second quarter. Vanguard Group Inc. now owns 3,349,230 shares of the financial services provider’s stock worth $116,454,000 after purchasing an additional 90,726 shares during the period. Wasatch Advisors Inc. boosted its holdings in shares of HFF by 6.5% during the second quarter. Wasatch Advisors Inc. now owns 2,328,213 shares of the financial services provider’s stock worth $80,952,000 after purchasing an additional 141,632 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of HFF by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,582,768 shares of the financial services provider’s stock worth $62,614,000 after purchasing an additional 60,426 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of HFF by 23.8% during the third quarter. Wells Fargo & Company MN now owns 1,099,096 shares of the financial services provider’s stock worth $43,480,000 after purchasing an additional 211,088 shares during the period. Institutional investors own 87.52% of the company’s stock.

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HFF Company Profile

HFF, Inc is a holding company. The Company holds the partnership interests in Holliday Fenoglio Fowler, L.P. and HFF Securities L.P. (together, the Operating Partnerships), held through the subsidiary HFF Partnership Holdings, LLC, and all of the outstanding shares of Holliday GP Corp. (Holliday GP).

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