Bank of New York Mellon Corp increased its stake in shares of HFF, Inc. (NYSE:HF) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 739,639 shares of the financial services provider’s stock after acquiring an additional 59,122 shares during the period. Bank of New York Mellon Corp owned about 1.89% of HFF worth $25,407,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of HF. Point72 Asia Hong Kong Ltd purchased a new position in HFF during the first quarter worth approximately $107,000. SG Americas Securities LLC purchased a new position in HFF during the first quarter worth approximately $119,000. Cubist Systematic Strategies LLC purchased a new position in HFF during the first quarter worth approximately $134,000. Asset Management One Co. Ltd. purchased a new position in HFF during the first quarter worth approximately $135,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in HFF during the first quarter worth approximately $157,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.
HF has been the topic of a number of recent analyst reports. ValuEngine upgraded HFF from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research downgraded HFF from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 18th. Finally, TheStreet upgraded HFF from a “c” rating to a “b-” rating in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.00.
Shares of HF stock opened at $45.47 on Friday. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 18.41 and a beta of 1.08. HFF, Inc. has a 12-month low of $32.99 and a 12-month high of $51.74.
HFF (NYSE:HF) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. The company had revenue of $153.73 million for the quarter, compared to the consensus estimate of $139.00 million. HFF had a return on equity of 37.50% and a net margin of 15.72%. equities analysts forecast that HFF, Inc. will post 2.63 EPS for the current fiscal year.
HFF, Inc provides commercial real estate and capital market services to the users and providers of capital primarily in the United States commercial real estate industry. The company offers debt placement services, such as construction and construction/mini-permanent loans, adjustable and fixed rate mortgages, entity level debts, mezzanine debts, forward delivery loans, tax exempt financing, and sale/leaseback financing to the owners of various properties comprising office, retail, industrial, hotel, multi-housing, student housing, self-storage, senior living, independent living, assisted living, nursing homes, condominiums and condominium conversions, mixed-use properties, and land.
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