MetLife Investment Advisors LLC grew its position in Focus Financial Partners Inc (NASDAQ:FOCS) by 60.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,818 shares of the company’s stock after purchasing an additional 4,461 shares during the period. MetLife Investment Advisors LLC’s holdings in Focus Financial Partners were worth $421,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FOCS. Metropolitan Life Insurance Co. NY grew its position in 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 valued at $154,000 after purchasing an additional 4,162 shares in the last quarter. TrinityPoint Wealth LLC acquired a new position in shares of Focus Financial Partners in the 1st quarter worth approximately $203,000. BNP Paribas Arbitrage SA lifted its position in shares of Focus Financial Partners by 1,117.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,282 shares of the company’s stock worth $224,000 after purchasing an additional 5,766 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Focus Financial Partners in the 4th quarter worth approximately $273,000. Finally, LLBH Private Wealth Management LLC acquired a new position in shares of Focus Financial Partners during the 1st quarter valued at $327,000. Institutional investors own 79.66% of the company’s stock.
A number of research analysts recently issued reports on FOCS shares. Bank of America set a $20.00 target price on shares of Fiat Chrysler Automobiles and gave the company a “hold” rating in a research report on Thursday, June 6th. SunTrust Banks lowered their price objective on shares of Focus Financial Partners and set a “hold” rating on the stock in a report on Thursday, June 27th. Keefe, Bruyette & Woods upgraded shares of Focus Financial Partners from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $35.00 to $35.50 in a report on Friday, July 12th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Finally, Oppenheimer began coverage on shares of Focus Financial Partners in a research note on Monday, April 8th. They issued an “outperform” rating and a $48.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $39.36.
Focus Financial Partners (NASDAQ:FOCS) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Focus Financial Partners had a negative net margin of 3.12% and a positive return on equity of 21.17%. The business had revenue of $259.90 million for the quarter, compared to analysts’ expectations of $258.97 million. During the same period last year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 32.5% on a year-over-year basis. On average, research analysts expect that Focus Financial Partners Inc will post 1.94 earnings per share for the current fiscal year.
Focus Financial Partners Company Profile
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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