Prudential Financial Inc. lowered its holdings in HFF, Inc. (NYSE:HF) by 4.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,360 shares of the financial services provider’s stock after selling 7,784 shares during the quarter. Prudential Financial Inc. owned 0.41% of HFF worth $6,854,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of HF. PNC Financial Services Group Inc. grew its stake in shares of HFF by 509.1% in the second quarter. PNC Financial Services Group Inc. now owns 4,142 shares of the financial services provider’s stock valued at $142,000 after buying an additional 3,462 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of HFF by 1,067.1% in the third quarter. Parallel Advisors LLC now owns 3,478 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,180 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of HFF in the third quarter valued at $196,000. Itau Unibanco Holding S.A. acquired a new stake in shares of HFF in the second quarter valued at $232,000. Finally, Huber Financial Advisors LLC acquired a new stake in shares of HFF in the third quarter valued at $234,000. Institutional investors own 89.81% of the company’s stock.
A number of equities research analysts have recently weighed in on HF shares. Zacks Investment Research raised HFF from a “sell” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Wednesday, September 19th. TheStreet cut HFF from a “b” rating to a “c+” rating in a research note on Wednesday, October 31st. Finally, ValuEngine cut HFF from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.00.
In related news, President Joe Thornton, Jr. sold 19,453 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $41.93, for a total transaction of $815,664.29. Following the completion of the transaction, the president now directly owns 385,929 shares of the company’s stock, valued at approximately $16,182,002.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Gibson sold 34,763 shares of the business’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $44.13, for a total value of $1,534,091.19. Following the transaction, the chief executive officer now directly owns 422,028 shares of the company’s stock, valued at $18,624,095.64. The disclosure for this sale can be found here. Insiders have sold a total of 132,244 shares of company stock valued at $5,696,330 over the last three months. 4.90% of the stock is currently owned by insiders.
HF opened at $36.80 on Friday. HFF, Inc. has a 12 month low of $32.99 and a 12 month high of $51.74. The firm has a market cap of $1.49 billion, a P/E ratio of 14.62 and a beta of 1.24.
HFF (NYSE:HF) last released its earnings results on Tuesday, October 30th. The financial services provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.10. HFF had a return on equity of 38.66% and a net margin of 16.66%. The firm had revenue of $161.39 million during the quarter, compared to analysts’ expectations of $154.60 million. Analysts anticipate that HFF, Inc. will post 2.67 earnings per share 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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