Focus Financial Partners (NASDAQ:FOCS) was upgraded by 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, MarketBeat Ratings reports. The brokerage currently has a $35.50 price target on the stock, up from their prior price target of $35.00. Keefe, Bruyette & Woods’ target price points to a potential upside of 21.37% from the company’s current price.
FOCS has been the subject of several other reports. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. SunTrust Banks dropped their target price on Focus Financial Partners and set a “hold” rating for the company in a research note on Thursday, June 27th. Bank of America set a $20.00 target price on Fiat Chrysler Automobiles and gave the company a “hold” rating in a research note on Thursday, June 6th. Finally, Oppenheimer initiated coverage on 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $39.36.
Focus Financial Partners stock opened at $29.25 on Friday. The firm has a market capitalization of $2.03 billion and a price-to-earnings ratio of 23.98. The firm has a fifty day simple moving average of $28.03. Focus Financial Partners has a 52 week low of $22.61 and a 52 week high of $49.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.73 and a quick ratio of 2.73.
Focus Financial Partners (NASDAQ:FOCS) last released its earnings results on Thursday, May 9th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.06. The firm had revenue of $259.90 million during the quarter, compared to analyst estimates of $258.97 million. Focus Financial Partners had a positive return on equity of 21.17% and a negative net margin of 3.12%. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. As a group, equities research analysts forecast that Focus Financial Partners will post 1.94 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Hoylecohen LLC purchased a new stake in Focus Financial Partners during the first quarter valued at about $2,942,000. Merriman Wealth Management LLC purchased a new stake in Focus Financial Partners during the first quarter valued at about $896,000. Winslow Asset Management Inc. grew its position in Focus Financial Partners by 104.2% during the first quarter. Winslow Asset Management Inc. now owns 205,618 shares of the company’s stock valued at $7,328,000 after acquiring an additional 104,935 shares during the period. California Public Employees Retirement System purchased a new stake in Focus Financial Partners during the first quarter valued at about $3,208,000. Finally, LVW Advisors LLC purchased a new stake in Focus Financial Partners during the first quarter valued at about $1,237,000. 79.61% of the stock is owned by hedge funds and other institutional investors.
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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