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2023-03-22 14:39
Shares of Focus Financial Partners Inc. (NASDAQ:FOCS – Get Rating) have received a consensus rating of "Hold" from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $51.83.
A number of analysts recently issued reports on FOCS shares. William Blair cut Focus Financial Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, February 27th. Raymond James cut Focus Financial Partners from an "outperform" rating to a "market perform" rating in a research note on Friday, February 17th. Morgan Stanley raised Focus Financial Partners from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $35.00 to $53.00 in a research note on Wednesday, February 15th. Royal Bank of Canada increased their target price on Focus Financial Partners from $50.00 to $53.00 and gave the stock a "sector perform" rating in a research note on Friday, February 17th. Finally, Keefe, Bruyette & Woods cut Focus Financial Partners from an "outperform" rating to a "market perform" rating and set a $55.00 target price for the company. in a research note on Thursday, March 2nd.
Get Focus Financial Partners alerts:Several hedge funds have recently made changes to their positions in FOCS. Captrust Financial Advisors grew its stake in shares of Focus Financial Partners by 15.6% in the second quarter. Captrust Financial Advisors now owns 1,866 shares of the company's stock valued at $64,000 after buying an additional 252 shares in the last quarter. Amalgamated Bank grew its stake in shares of Focus Financial Partners by 3.1% in the fourth quarter. Amalgamated Bank now owns 9,669 shares of the company's stock valued at $360,000 after buying an additional 292 shares in the last quarter. Signaturefd LLC grew its stake in shares of Focus Financial Partners by 87.7% in the fourth quarter. Signaturefd LLC now owns 717 shares of the company's stock valued at $27,000 after buying an additional 335 shares in the last quarter. Van Hulzen Asset Management LLC grew its stake in shares of Focus Financial Partners by 5.3% in the third quarter. Van Hulzen Asset Management LLC now owns 7,277 shares of the company's stock valued at $229,000 after buying an additional 367 shares in the last quarter. Finally, Credit Suisse AG grew its stake in shares of Focus Financial Partners by 0.8% in the second quarter. Credit Suisse AG now owns 46,875 shares of the company's stock valued at $1,596,000 after buying an additional 386 shares in the last quarter. 93.15% of the stock is owned by institutional investors.
Shares of NASDAQ:FOCS opened at $51.29 on Wednesday. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 39.15 and a beta of 1.32. The firm's 50 day simple moving average is $48.59 and its 200 day simple moving average is $40.40. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.91 and a quick ratio of 2.91. Focus Financial Partners has a fifty-two week low of $30.27 and a fifty-two week high of $52.62.
Focus Financial Partners (NASDAQ:FOCS – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.09. The business had revenue of $547.68 million for the quarter, compared to the consensus estimate of $517.34 million. Focus Financial Partners had a net margin of 4.28% and a return on equity of 25.59%. As a group, sell-side analysts forecast that Focus Financial Partners will post 3.92 earnings per share for the current year.
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Focus Financial Partners, Inc is a holding company, which engages in the provision of wealth management services. It also offers practices, resources, and continuity planning for its partner firms who serve individuals, families, employers, and institutions with comprehensive wealth management services.
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