According to the most recent filing that the company made with the Securities and Exchange Commission, Brinker Capital Investments LLC cut its holdings in Focus Financial Partners Inc. (NASDAQ: FOCS) by 54.0% during the third quarter. This information is derived from the filing. Following the transaction during that period, the corporation was left in possession of 10,987 shares of the company’s stock after selling 12,894 shares. The most recent document that Brinker Capital Investments LLC submitted to the SEC reveals that the company has a stake in Focus Financial Partners valued at 346 thousand dollars.
Several additional institutional investors have recently made modifications to the proportion of the company’s stock that they own at their respective institutions.
During the third quarter, the Great West Life Assurance Company of Canada made a new investment in Focus Financial Partners, totaling nearly one hundred thousand dollars. The number of shares of Focus Financial Partners that Harbor Investment Advisory LLC owned increased by 161.7% during the third quarter due to the company’s investment.
After making additional purchases of 645 shares throughout the quarter, Harbor Investment Advisory LLC now holds 1,044 shares of the company’s stock in its portfolio. The price at which these shares are trading on the market now is $33,000.
Assetmark Inc.
Increased the percentage of ownership it held in Focus Financial Partners by 48.2% during the third quarter.
After purchasing an additional 621 shares throughout the period, Assetmark Inc. now has a total of 1,910 shares of the company’s stock, collectively worth $60,000. This brings the total value of the company’s stock holdings to $60,000 dollars.00.
Avalon Investment & Advisory achieved a 30.6% increase in the proportion of equity it held in Focus Financial Partners during the third quarter.
Avalon Investment & Advisory has a total ownership stake in the company equal to 109,789 shares, which are now valued at $3,459,000 after the firm purchased an additional 25,706 shares of the company during the most recent quarter. This brings the total number of shares that the firm owns in the company to 109,789.
Additionally, Americas Securities LLC established a new position in Focus Financial Partners during the third quarter by investing approximately $276,000 in the company. This was done to establish a new position in the company.
Institutional investors and hedge funds collectively own 93.15 percent of the company’s total shares, making up the majority of the shareholders.
On Thursday, shares of FOCS were priced at $44.54 when the trading session began. The stock has traded at an average price of $39.03 per share over the past 50 trading days, while its price has averaged $37.58 per share over the past 200 trading days. This financial statement has a debt-to-equity ratio of 1.89, a quick ratio of 2.52, a current ratio of 2.52, and a quick ratio of 2.52.
It is important to note that the company has a price-to-earnings ratio of 29.69, which helps to explain why its market value is 3.45 billion dollars. The PEG ratio of this item is 1.31, and its beta value is 1.37. The PEG ratio of this item is 1.37. Focus Financial Partners Inc. hit an all-time low of $30.27 during the past year, while the company reached an all-time high of $54.61 during the same period.
On November 3rd, a report on Focus Financial Partners’ most recent earnings was made public. Focus Financial Partners is a company that trades on the NASDAQ under the symbol “FOCS.” The company reported earnings per share for the quarter to be $0.97, which is $0.02 higher than the consensus estimate of $0.95 among analysts. The company’s sales for the quarter came in at $519.86 million, which is significantly higher than the consensus projection of $504.38 million made by market analysts. Focus Financial Partners achieved a return on equity of 25.44% and a net margin of 4.67%, respectively, during their most recent financial period.
During the current fiscal year, analysts forecast that Focus Financial Partners, Inc. will bring in profits equivalent to $4.04 per share, which is what they expect the company to generate.
Researchers with expertise in various disciplines have discussed the organization and offered their points of view. William Blair announced in a research note published on the 17th of January that it would begin covering Focus Financial Partners. They recommended that investors “outperform” the stock. Keefe, Bruyette & Woods upgraded their rating on Focus Financial Partners to “outperform” and increased their target price for the company’s stock from $48.00 to $52.00 in a research note published on January 12th.
In a research report made public by Morgan Stanley on November 29th, the price objective for Focus Financial Partners was lowered from $36.00 to $35.00. The previous price objective had been set at $36.00.
In addition, an ” underweight ” rating was placed on the company’s stock during that period.
In a research report made public on Friday, October 14th, TheStreet lowered the rating they had previously assigned to Focus Financial Partners from “b-” to “c+.” The price target that Truist Financial has established for Focus Financial Partners has increased from $45.00 to $50.00, as stated in a research note published on Wednesday. This was the very last and most significant announcement that the company made. Six analysts have suggested purchasing the stock, while only one has suggested selling it.
According to Bloomberg, the consensus view regarding Focus Financial Partners is that it is a “Moderate Buy,” and the average price objective for the company is $45.17.
In addition, the price target for the company is reported to be $45.17.
Focus Financial Partners, Inc.
Places its primary emphasis on the provision of wealth management services to ultra-high-net-worth individuals in addition to high-net-worth individuals, families, and corporate entities. The company’s wealth management services include the preparation of tax returns and advising, investment guidance, financial and tax planning, family office services, and a variety of other activities associated with the industry.
Conduct research into the positions held by the various other hedge funds with FOCS.
By going to HoldingsChannel.com, you can obtain the most recent details concerning 13F filings and insider transactions for Focus Financial Partners Inc. (NASDAQ: FOCS).
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