Synovus Financial Corp lessened its position in Focus Financial Partners Inc (NASDAQ:FOCS) by 95.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,721 shares of the company’s stock after selling 38,408 shares during the quarter. Synovus Financial Corp’s holdings in Focus Financial Partners were worth $41,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in FOCS. TimesSquare Capital Management LLC raised its position in Focus Financial Partners by 53.1% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,930,645 shares of the company’s stock valued at $52,726,000 after buying an additional 669,645 shares during the last quarter. JPMorgan Chase & Co. raised its position in Focus Financial Partners by 29.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,127,067 shares of the company’s stock valued at $58,495,000 after buying an additional 483,780 shares during the last quarter. Vanguard Group Inc. raised its position in Focus Financial Partners by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,715,098 shares of the company’s stock valued at $74,149,000 after buying an additional 350,511 shares during the last quarter. Invesco Ltd. raised its position in Focus Financial Partners by 3,557.2% in the 2nd quarter. Invesco Ltd. now owns 287,710 shares of the company’s stock valued at $7,858,000 after buying an additional 279,843 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Focus Financial Partners in the 3rd quarter valued at approximately $5,795,000. 79.49% of the stock is currently owned by institutional investors and hedge funds.

FOCS has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on Focus Financial Partners from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday. Zacks Investment Research lowered Focus Financial Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Bank of America lowered their price target on Focus Financial Partners from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. William Blair reaffirmed a “market perform” rating on shares of Focus Financial Partners in a research report on Thursday, November 7th. Finally, SunTrust Banks set a $26.00 price target on Focus Financial Partners and gave the stock a “hold” rating in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Focus Financial Partners currently has a consensus rating of “Hold” and an average price target of $35.42.

Shares of NASDAQ:FOCS traded down $0.25 during trading on Tuesday, hitting $26.26. 247,300 shares of the company were exchanged, compared to its average volume of 249,079. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 0.59 and a beta of 1.97. Focus Financial Partners Inc has a fifty-two week low of $19.05 and a fifty-two week high of $40.36. The firm has a fifty day moving average price of $23.05 and a two-hundred day moving average price of $26.44. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 1.59.

Focus Financial Partners (NASDAQ:FOCS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. The firm had revenue of $316.60 million for the quarter, compared to analyst estimates of $308.55 million. Focus Financial Partners had a positive return on equity of 16.83% and a negative net margin of 0.93%. The business’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. As a group, research analysts predict that Focus Financial Partners Inc will post 1.96 EPS for the current year.

Focus Financial Partners Company Profile

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

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Institutional Ownership by Quarter for Focus Financial Partners (NASDAQ:FOCS)

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