Focus Financial Partners (NASDAQ:FOCS) was upgraded by research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, The Fly reports.
Other equities research analysts also recently issued research reports about the company. Bank of America set a $20.00 target price on Fiat Chrysler Automobiles and gave the stock a “hold” rating in a research report on Thursday, June 6th. Oppenheimer initiated coverage on Focus Financial Partners in a research note on Monday, April 8th. They issued an “outperform” rating and a $48.00 price target on the stock. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, SunTrust Banks cut their price target on Focus Financial Partners and set a “hold” rating on the stock in a research note on Thursday, June 27th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Focus Financial Partners has a consensus rating of “Hold” and an average price target of $40.00.
Shares of NASDAQ FOCS opened at $28.01 on Friday. Focus Financial Partners has a 1-year low of $22.61 and a 1-year high of $49.51. The stock has a 50-day moving average of $28.04. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.73 and a quick ratio of 2.73. The stock has a market capitalization of $1.93 billion and a P/E ratio of 28.29.
Focus Financial Partners (NASDAQ:FOCS) last issued its earnings results on Thursday, May 9th. The company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.06. Focus Financial Partners had a positive return on equity of 21.17% and a negative net margin of 3.12%. The company had revenue of $259.90 million during the quarter, compared to the consensus estimate of $258.97 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The company’s revenue was up 32.5% compared to the same quarter last year. Sell-side analysts expect that Focus Financial Partners will post 1.94 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. TrinityPoint Wealth LLC acquired a new position in shares of Focus Financial Partners in the first quarter worth about $203,000. Metropolitan Life Insurance Co. NY lifted its stake in shares of Focus Financial Partners by 246.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,850 shares of the company’s stock worth $154,000 after acquiring an additional 4,162 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Focus Financial Partners by 1,117.4% in the first quarter. BNP Paribas Arbitrage SA now owns 6,282 shares of the company’s stock worth $224,000 after acquiring an additional 5,766 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its stake in shares of Focus Financial Partners by 43.1% in the first quarter. Metropolitan Life Insurance Co NY now owns 8,372 shares of the company’s stock worth $298,000 after acquiring an additional 2,522 shares in the last quarter. Finally, LLBH Private Wealth Management LLC acquired a new position in shares of Focus Financial Partners in the first quarter worth about $327,000. Institutional investors and hedge funds own 79.61% 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.
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