Focus Financial Partners Inc. (NASDAQ:FOCS) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Focus Financial Partners Inc. (NASDAQ:FOCSGet Rating) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,287,654 shares of the company’s stock after purchasing an additional 203,395 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.07% of Focus Financial Partners worth $180,098,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital World Investors grew its position in Focus Financial Partners by 0.3% during the 1st quarter. Capital World Investors now owns 5,484,203 shares of the company’s stock worth $250,847,000 after purchasing an additional 14,664 shares during the last quarter. Vanguard Group Inc. grew its position in Focus Financial Partners by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 4,818,720 shares of the company’s stock worth $220,409,000 after purchasing an additional 361,555 shares during the last quarter. BlackRock Inc. grew its position in Focus Financial Partners by 7.0% during the 1st quarter. BlackRock Inc. now owns 3,943,229 shares of the company’s stock worth $180,364,000 after purchasing an additional 257,246 shares during the last quarter. Principal Financial Group Inc. grew its position in Focus Financial Partners by 29.4% during the 2nd quarter. Principal Financial Group Inc. now owns 1,685,615 shares of the company’s stock worth $57,413,000 after purchasing an additional 382,989 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Focus Financial Partners by 17.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,580,186 shares of the company’s stock worth $72,278,000 after purchasing an additional 235,306 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Focus Financial Partners Stock Down 0.1 %

Shares of NASDAQ FOCS opened at $37.68 on Monday. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 1.89. Focus Financial Partners Inc. has a 52 week low of $30.27 and a 52 week high of $69.13. The firm has a 50-day moving average price of $34.33 and a 200 day moving average price of $36.47. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 0.87 and a beta of 1.33.

Wall Street Analyst Weigh In

FOCS has been the topic of several research reports. TheStreet downgraded shares of Focus Financial Partners from a “b-” rating to a “c+” rating in a research report on Friday, October 14th. The Goldman Sachs Group lowered their target price on shares of Focus Financial Partners from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 3rd. Morgan Stanley lowered their target price on shares of Focus Financial Partners from $37.00 to $36.00 and set an “underweight” rating on the stock in a report on Friday, November 4th. Raymond James lowered their target price on shares of Focus Financial Partners from $46.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, October 3rd. Finally, Truist Financial lowered their target price on shares of Focus Financial Partners from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, October 18th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Focus Financial Partners has an average rating of “Moderate Buy” and a consensus price target of $48.83.

About Focus Financial Partners

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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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