Shares of Focus Financial Partners Inc (NASDAQ:FOCS) have earned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $42.80.
Several research firms recently commented on FOCS. SunTrust Banks raised their price target on shares of Focus Financial Partners to $42.00 and gave the company a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Focus Financial Partners from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Friday, March 1st. Finally, BMO Capital Markets increased their price objective on shares of Focus Financial Partners from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, February 25th.
FOCS stock traded down $0.60 during midday trading on Friday, hitting $36.43. 1,372,100 shares of the stock traded hands, compared to its average volume of 206,353. The firm has a market cap of $2.41 billion and a PE ratio of 36.80. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.56 and a current ratio of 2.56. Focus Financial Partners has a 1-year low of $22.61 and a 1-year high of $49.51.
Institutional investors and hedge funds have recently bought and sold shares of the business. Akre Capital Management LLC acquired a new stake in shares of Focus Financial Partners in the third quarter valued at about $130,515,000. Fairview Capital Investment Management LLC raised its holdings in Focus Financial Partners by 7.0% in the 4th quarter. Fairview Capital Investment Management LLC now owns 1,741,269 shares of the company’s stock valued at $45,847,000 after acquiring an additional 113,897 shares in the last quarter. Vanguard Group Inc acquired a new position in Focus Financial Partners in the 3rd quarter valued at $71,814,000. Vanguard Group Inc. acquired a new position in Focus Financial Partners in the 3rd quarter valued at $71,814,000. Finally, FMR LLC acquired a new position in Focus Financial Partners in the 3rd quarter valued at $66,392,000. 80.04% of the stock is currently owned by institutional investors and hedge funds.
Focus Financial Partners Company Profile
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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