Bank of America Corp DE Has $2.15 Million Holdings in HFF, Inc. (HF)

Bank of America Corp DE raised its stake in shares of HFF, Inc. (NYSE:HF) by 102.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,673 shares of the financial services provider’s stock after purchasing an additional 31,790 shares during the period. Bank of America Corp DE owned 0.16% of HFF worth $2,153,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in HFF during the first quarter valued at approximately $134,000. PNC Financial Services Group Inc. grew its holdings in HFF by 509.1% during the second quarter. PNC Financial Services Group Inc. now owns 4,142 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 3,462 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in HFF during the second quarter valued at approximately $232,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in HFF during the second quarter valued at approximately $270,000. Finally, SG Americas Securities LLC grew its holdings in HFF by 258.4% during the second quarter. SG Americas Securities LLC now owns 8,576 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 6,183 shares during the last quarter. Institutional investors own 91.49% of the company’s stock.

Several equities analysts have commented on the company. ValuEngine upgraded HFF from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. TheStreet upgraded HFF from a “c” rating to a “b-” rating in a report on Friday, July 27th. Finally, Zacks Investment Research upgraded HFF from a “sell” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. HFF currently has a consensus rating of “Hold” and a consensus price target of $41.00.

Shares of HF stock opened at $38.00 on Friday. HFF, Inc. has a 12 month low of $32.99 and a 12 month high of $51.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.28. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 15.38 and a beta of 1.23.

HFF (NYSE:HF) last announced its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.10. The business had revenue of $161.39 million for the quarter, compared to the consensus estimate of $154.60 million. HFF had a net margin of 16.66% and a return on equity of 38.66%. On average, sell-side analysts anticipate that HFF, Inc. will post 2.67 earnings per share for the current fiscal year.

In other news, President Joe Thornton, Jr. sold 12,131 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $43.92, for a total value of $532,793.52. Following the sale, the president now owns 434,607 shares in the company, valued at $19,087,939.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Joe Thornton, Jr. sold 9,141 shares of the firm’s stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $43.48, for a total transaction of $397,450.68. Following the completion of the sale, the president now owns 402,834 shares in the company, valued at approximately $17,515,222.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,244 shares of company stock worth $5,696,330. 4.90% of the stock is currently owned by corporate insiders.

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About HFF

HFF, Inc provides commercial real estate and capital market services to the users and providers of capital primarily in the United States commercial real estate industry. The company offers debt placement services, such as construction and construction/mini-permanent loans, adjustable and fixed rate mortgages, entity level debts, mezzanine debts, forward delivery loans, tax exempt financing, and sale/leaseback financing to the owners of various properties comprising office, retail, industrial, hotel, multi-housing, student housing, self-storage, senior living, independent living, assisted living, nursing homes, condominiums and condominium conversions, mixed-use properties, and land.

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Institutional Ownership by Quarter for HFF (NYSE:HF)

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