Focus Financial Partners Inc (NASDAQ:FOCS) has earned a consensus recommendation of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $39.50.
Several research analysts have commented on FOCS shares. BMO Capital Markets raised their price target on shares of Focus Financial Partners to $57.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Zacks Investment Research raised shares of Focus Financial Partners from a “hold” rating to a “strong-buy” rating and set a $48.00 price target for the company in a report on Monday, October 22nd. Finally, SunTrust Banks started coverage on shares of Focus Financial Partners in a report on Thursday, January 17th. They issued a “hold” rating and a $30.00 price target for the company.
A number of large investors have recently made changes to their positions in FOCS. Akre Capital Management LLC bought a new position in Focus Financial Partners in the 3rd quarter valued at $130,515,000. Fairview Capital Investment Management LLC bought a new position in Focus Financial Partners in the 3rd quarter valued at $77,235,000. Vanguard Group Inc bought a new position in Focus Financial Partners in the 3rd quarter valued at $71,814,000. Vanguard Group Inc. bought a new position in Focus Financial Partners in the 3rd quarter valued at $71,814,000. Finally, FMR LLC bought a new position in Focus Financial Partners in the 3rd quarter valued at $66,392,000. 80.68% of the stock is owned by hedge funds and other institutional investors.
Focus Financial Partners (NASDAQ:FOCS) last released its quarterly earnings data on Tuesday, November 13th. The company reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $235.70 million during the quarter, compared to the consensus estimate of $240.01 million. Focus Financial Partners had a negative net margin of 4.64% and a negative return on equity of 4.59%. Focus Financial Partners’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. As a group, equities analysts forecast that Focus Financial Partners will post 1.16 earnings per share for the current fiscal year.
About Focus Financial Partners
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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