Barclays PLC Decreases Stake in Focus Financial Partners Inc (NASDAQ:FOCS)
Barclays PLC decreased its position in Focus Financial Partners Inc (NASDAQ:FOCS) by 45.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,136 shares of the company’s stock after selling 13,356 shares during the period. Barclays PLC’s holdings in Focus Financial Partners were worth $384,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of FOCS. Kavar Capital Partners LLC purchased a new stake in Focus Financial Partners in the 2nd quarter valued at about $27,000. Point72 Hong Kong Ltd purchased a new stake in Focus Financial Partners in the 2nd quarter valued at about $31,000. Quantamental Technologies LLC increased its stake in Focus Financial Partners by 225.0% in the 2nd quarter. Quantamental Technologies LLC now owns 1,300 shares of the company’s stock valued at $36,000 after buying an additional 900 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in Focus Financial Partners in the 2nd quarter valued at about $38,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Focus Financial Partners in the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 81.62% of the company’s stock.
Several equities research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Focus Financial Partners from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Jefferies Financial Group assumed coverage on shares of Focus Financial Partners in a research note on Tuesday. They issued a “buy” rating and a $34.00 price objective for the company. Zacks Investment Research upgraded shares of Focus Financial Partners from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, November 13th. Finally, William Blair reiterated a “market perform” rating on shares of Focus Financial Partners in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.93.
Focus Financial Partners (NASDAQ:FOCS) last released its earnings results on Thursday, November 7th. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.04. Focus Financial Partners had a negative net margin of 0.93% and a positive return on equity of 16.83%. The firm had revenue of $316.60 million during the quarter, compared to the consensus estimate of $308.55 million. During the same period in the prior year, the firm earned $0.46 EPS. The company’s revenue was up 34.3% compared to the same quarter last year. Equities analysts expect that Focus Financial Partners Inc will post 2.07 EPS for the current fiscal year.
Focus Financial Partners 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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