Wells Fargo & Company MN Increases Position in HFF, Inc. (HF)
Wells Fargo & Company MN boosted its stake in HFF, Inc. (NYSE:HF) by 23.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,099,096 shares of the financial services provider’s stock after buying an additional 211,088 shares during the period. Wells Fargo & Company MN owned approximately 2.85% of HFF worth $43,480,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in HF. Kayne Anderson Rudnick Investment Management LLC grew its stake in HFF by 19.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,064,575 shares of the financial services provider’s stock valued at $176,095,000 after buying an additional 817,460 shares during the last quarter. Cooke & Bieler LP purchased a new position in HFF during the second quarter valued at approximately $8,645,000. Wasatch Advisors Inc. grew its stake in HFF by 6.5% during the second quarter. Wasatch Advisors Inc. now owns 2,328,213 shares of the financial services provider’s stock valued at $80,952,000 after acquiring an additional 141,632 shares in the last quarter. Prudential Financial Inc. grew its stake in HFF by 161.3% during the second quarter. Prudential Financial Inc. now owns 193,135 shares of the financial services provider’s stock valued at $6,715,000 after acquiring an additional 119,210 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in HFF during the second quarter valued at approximately $3,897,000. Institutional investors and hedge funds own 88.01% of the company’s stock.
Separately, Zacks Investment Research raised shares of HFF from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. HFF currently has a consensus rating of “Hold” and a consensus price target of $38.50.
In other HFF news, CEO Mark Gibson sold 37,331 shares of HFF stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $37.19, for a total transaction of $1,388,339.89. Following the completion of the sale, the chief executive officer now directly owns 518,956 shares in the company, valued at $19,299,973.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Joe Thornton, Jr. sold 14,787 shares of the business’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 completion of 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. Over the last quarter, insiders have sold 359,023 shares of company stock valued at $14,342,152. 5.70% of the stock is currently owned by company insiders.
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HFF Company Profile
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).
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