Focus Financial Partners (NASDAQ:FOCS) announced its earnings results on Tuesday. The company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46, Briefing.com reports. The firm had revenue of $235.70 million during the quarter, compared to analysts’ expectations of $240.01 million. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue was up 30.8% compared to the same quarter last year.

Shares of FOCS opened at $31.99 on Wednesday. Focus Financial Partners has a twelve month low of $30.00 and a twelve month high of $49.51.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Laurion Capital Management LP bought a new position in shares of Focus Financial Partners in the third quarter worth about $1,187,000. Citadel Advisors LLC bought a new position in shares of Focus Financial Partners in the third quarter worth about $373,000. JPMorgan Chase & Co. bought a new position in shares of Focus Financial Partners in the third quarter worth about $37,151,000. Franklin Resources Inc. bought a new position in shares of Focus Financial Partners in the third quarter worth about $12,325,000. Finally, Brown Advisory Inc. bought a new position in shares of Focus Financial Partners in the third quarter worth about $213,000. 1.07% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on FOCS. BMO Capital Markets began coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued an “outperform” rating on the stock. Bank of America began coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 target price on the stock. Goldman Sachs Group began coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 target price on the stock. Zacks Investment Research raised shares of Focus Financial Partners from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research note on Monday, October 22nd. Finally, William Blair began coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Focus Financial Partners presently has an average rating of “Hold” and a consensus price target of $47.25.

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About Focus Financial Partners

Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.

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