Envestnet Asset Management Inc. Grows Stake in Focus Financial Partners Inc. (NASDAQ:FOCS)

Envestnet Asset Management Inc. lifted its position in Focus Financial Partners Inc. (NASDAQ:FOCS – Get Rating) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,507 shares of the company’s stock after acquiring an additional 1,419 shares during the period. Envestnet Asset Management Inc. owned 0.05% of Focus Financial Partners worth $1,584,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ewing Morris & Co. Investment Partners Ltd. raised its position in shares of Focus Financial Partners by 9.7% in the 3rd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 239,571 shares of the company’s stock worth $7,549,000 after acquiring an additional 21,275 shares in the last quarter. Credit Suisse AG raised its position in shares of Focus Financial Partners by 7.4% in the 3rd quarter. Credit Suisse AG now owns 50,329 shares of the company’s stock worth $1,586,000 after acquiring an additional 3,454 shares in the last quarter. Darlington Partners Capital Management LP raised its position in shares of Focus Financial Partners by 15.2% in the 3rd quarter. Darlington Partners Capital Management LP now owns 2,535,947 shares of the company’s stock worth $79,908,000 after acquiring an additional 335,492 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Focus Financial Partners by 91.2% in the 3rd quarter. Macquarie Group Ltd. now owns 1,828,813 shares of the company’s stock worth $57,636,000 after acquiring an additional 872,401 shares in the last quarter. Finally, Winslow Asset Management Inc. raised its position in shares of Focus Financial Partners by 0.8% in the 4th quarter. Winslow Asset Management Inc. now owns 215,072 shares of the company’s stock worth $8,016,000 after acquiring an additional 1,706 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FOCS shares. Oppenheimer lowered Focus Financial Partners from an “outperform” rating to a “market perform” rating in a research report on Friday, February 17th. Keefe, Bruyette & Woods downgraded Focus Financial Partners from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a research note on Thursday, March 2nd. Raymond James downgraded Focus Financial Partners from an “outperform” rating to a “market perform” rating in a research note on Friday, February 17th. Morgan Stanley upgraded Focus Financial Partners from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $35.00 to $53.00 in a research note on Wednesday, February 15th. Finally, Truist Financial downgraded Focus Financial Partners from a “buy” rating to a “hold” rating and raised their price target for the stock from $50.00 to $53.00 in a research note on Tuesday, February 21st. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.13.

Focus Financial Partners Trading Down 0.1 %

Shares of NASDAQ FOCS opened at $52.00 on Monday. The business’s 50 day moving average is $51.81 and its two-hundred day moving average is $45.75. The company has a debt-to-equity ratio of 1.96, a current ratio of 3.89 and a quick ratio of 3.89. Focus Financial Partners Inc. has a 1-year low of $30.27 and a 1-year high of $52.62. The stock has a market capitalization of $4.08 billion, a P/E ratio of 80.00 and a beta of 1.31.

Focus Financial Partners (NASDAQ:FOCS – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. Focus Financial Partners had a return on equity of 24.09% and a net margin of 2.87%. The company had revenue of $547.68 million for the quarter, compared to analysts’ expectations of $517.34 million. As a group, research analysts expect that Focus Financial Partners Inc. will post 3.77 EPS for the current year.

About Focus Financial Partners

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Focus Financial Partners, Inc is a holding company, which engages in the provision of wealth management services. It also offers practices, resources, and continuity planning for its partner firms who serve individuals, families, employers, and institutions with comprehensive wealth management services.