TimesSquare Capital Management LLC Has $56.72 Million Stock Position in Focus Financial Partners Inc (NASDAQ:FOCS)

TimesSquare Capital Management LLC boosted its holdings in shares of Focus Financial Partners Inc (NASDAQ:FOCS) by 23.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,383,080 shares of the company’s stock after buying an additional 452,435 shares during the period. TimesSquare Capital Management LLC owned approximately 3.43% of Focus Financial Partners worth $56,717,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Emerald Mutual Fund Advisers Trust bought a new position in shares of Focus Financial Partners in the 3rd quarter worth $5,795,000. California Public Employees Retirement System boosted its position in shares of Focus Financial Partners by 13.9% in the 3rd quarter. California Public Employees Retirement System now owns 90,105 shares of the company’s stock worth $2,144,000 after purchasing an additional 10,983 shares during the last quarter. Peregrine Capital Management LLC boosted its position in shares of Focus Financial Partners by 3.4% in the 3rd quarter. Peregrine Capital Management LLC now owns 301,989 shares of the company’s stock worth $7,187,000 after purchasing an additional 9,947 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Focus Financial Partners in the 3rd quarter worth $1,379,000. Finally, Carroll Financial Associates Inc. boosted its position in shares of Focus Financial Partners by 236.2% in the 3rd quarter. Carroll Financial Associates Inc. now owns 116,650 shares of the company’s stock worth $2,776,000 after purchasing an additional 81,950 shares during the last quarter. 79.49% of the stock is currently owned by hedge funds and other institutional investors.

FOCS stock traded up $0.24 during midday trading on Wednesday, hitting $26.50. 279,800 shares of the company’s stock were exchanged, compared to its average volume of 249,219. The stock’s fifty day moving average price is $23.09 and its 200-day moving average price is $26.38. The company has a debt-to-equity ratio of 1.59, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market cap of $1.86 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 0.59 and a beta of 1.97. Focus Financial Partners Inc has a one year low of $19.05 and a one year high of $40.36.

Focus Financial Partners (NASDAQ:FOCS) last posted its 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 company’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. On average, analysts expect that Focus Financial Partners Inc will post 1.96 EPS for the current year.

FOCS has been the topic of several recent research reports. Bank of America reduced 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 restated a “market perform” rating on shares of Focus Financial Partners in a research report on Thursday, November 7th. BMO Capital Markets raised their price target on Focus Financial Partners from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday. 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. Finally, Zacks Investment Research lowered Focus Financial Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $35.42.

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.

Recommended Story: How does the Beige Book influence monetary policy?

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

Receive News & Ratings for Focus Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Focus Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter.