Municipal Employees Retirement System of Michigan lifted its holdings in shares of HFF, Inc. (NYSE:HF) by 64.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,790 shares of the financial services provider’s stock after buying an additional 5,400 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in HFF were worth $546,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Advisor Group Inc. lifted its stake in HFF by 16.7% in the 2nd quarter. Advisor Group Inc. now owns 3,040 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 434 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in HFF by 9.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,226 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 289 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in HFF in the 2nd quarter valued at about $129,000. Pinebridge Investments L.P. lifted its stake in HFF by 1.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,675 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 87 shares during the last quarter. Finally, Profund Advisors LLC acquired a new stake in HFF in the 2nd quarter valued at about $214,000. Institutional investors own 88.01% of the company’s stock.

Shares of HFF, Inc. (NYSE:HF) opened at $44.78 on Monday. The stock has a market cap of $1,727.59, a PE ratio of 20.08 and a beta of 1.16. HFF, Inc. has a one year low of $25.79 and a one year high of $46.45.

Separately, Zacks Investment Research upgraded shares of HFF from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. HFF presently has a consensus rating of “Hold” and a consensus target price of $38.50.

In other HFF news, President Joe Thornton, Jr. sold 8,660 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $37.88, for a total transaction of $328,040.80. Following the completion of the sale, the president now directly owns 494,785 shares in the company, valued at $18,742,455.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Joe Thornton, Jr. sold 14,787 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $37.33, for a total transaction of $551,998.71. Following the sale, the president now owns 525,090 shares of the company’s stock, valued at $19,601,609.70. The disclosure for this sale can be found here. Insiders have sold 302,658 shares of company stock valued at $11,849,092 over the last 90 days. Company insiders own 5.70% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/12/04/municipal-employees-retirement-system-of-michigan-acquires-5400-shares-of-hff-inc-hf.html.

About HFF

HFF, Inc is a holding company. The Company holds the partnership interests in Holliday Fenoglio Fowler, L.P. and HFF Securities L.P. (together, the Operating Partnerships), held through the subsidiary HFF Partnership Holdings, LLC, and all of the outstanding shares of Holliday GP Corp. (Holliday GP).

Institutional Ownership by Quarter for HFF (NYSE:HF)

Receive News & Stock Ratings for HFF Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HFF Inc. and related stocks with our FREE daily email newsletter.