SG Americas Securities LLC Grows Stake in Focus Financial Partners Inc. (NASDAQ:FOCS)

SG Americas Securities LLC lifted its stake in shares of Focus Financial Partners Inc. (NASDAQ:FOCSGet Rating) by 19.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,043 shares of the company’s stock after purchasing an additional 1,628 shares during the period. SG Americas Securities LLC’s holdings in Focus Financial Partners were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Castleark Management LLC purchased a new stake in shares of Focus Financial Partners during the fourth quarter worth about $7,309,000. Ghisallo Capital Management LLC increased its stake in shares of Focus Financial Partners by 275.0% during the fourth quarter. Ghisallo Capital Management LLC now owns 75,000 shares of the company’s stock worth $4,479,000 after purchasing an additional 55,000 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Focus Financial Partners by 5.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 18,723 shares of the company’s stock worth $1,118,000 after purchasing an additional 884 shares in the last quarter. Van Hulzen Asset Management LLC increased its stake in shares of Focus Financial Partners by 22.6% during the fourth quarter. Van Hulzen Asset Management LLC now owns 9,552 shares of the company’s stock worth $570,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Gillson Capital LP increased its stake in shares of Focus Financial Partners by 35.3% during the fourth quarter. Gillson Capital LP now owns 174,018 shares of the company’s stock worth $10,392,000 after purchasing an additional 45,389 shares in the last quarter. Hedge funds and other institutional investors own 92.60% of the company’s stock.

Analyst Upgrades and Downgrades

FOCS has been the subject of several research reports. The Goldman Sachs Group dropped their price objective on shares of Focus Financial Partners from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Raymond James dropped their price objective on shares of Focus Financial Partners from $60.00 to $45.00 in a research note on Friday, June 17th. Oppenheimer dropped their price objective on shares of Focus Financial Partners from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Wednesday, July 6th. Finally, Truist Financial dropped their price objective on shares of Focus Financial Partners from $78.00 to $65.00 in a research note on Friday, May 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Focus Financial Partners has a consensus rating of “Buy” and an average price target of $62.00.

Focus Financial Partners Stock Down 1.2 %

FOCS stock opened at $42.19 on Friday. The firm has a market cap of $3.25 billion, a PE ratio of 69.16, a PEG ratio of 1.14 and a beta of 1.29. The company has a debt-to-equity ratio of 2.06, a quick ratio of 5.21 and a current ratio of 5.21. The firm’s 50 day moving average price is $36.48 and its 200-day moving average price is $42.01. Focus Financial Partners Inc. has a one year low of $30.88 and a one year high of $69.13.

Focus Financial Partners (NASDAQ:FOCSGet Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.99 by $0.09. The firm had revenue of $536.57 million for the quarter, compared to analyst estimates of $515.65 million. Focus Financial Partners had a net margin of 2.02% and a return on equity of 25.03%. The business’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. On average, equities research analysts anticipate that Focus Financial Partners Inc. will post 4.22 EPS for the current year.

About Focus Financial Partners

(Get Rating)

Focus Financial Partners Inc provides wealth management services to primarily ultra-high and high net worth individuals, families, and business entities. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services.

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

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