Focus Financial Partners Inc. (NASDAQ:FOCS) Stock Holdings Increased by Raymond James & Associates

Raymond James & Associates raised its holdings in shares of Focus Financial Partners Inc. (NASDAQ:FOCS – Get Rating) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,733 shares of the company’s stock after acquiring an additional 3,844 shares during the period. Raymond James & Associates owned approximately 0.19% of Focus Financial Partners worth $5,431,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Focus Financial Partners by 87.7% during the 4th quarter. Signaturefd LLC now owns 717 shares of the company’s stock valued at $27,000 after purchasing an additional 335 shares during the period. FourThought Financial LLC acquired a new position in shares of Focus Financial Partners during the 3rd quarter valued at $32,000. Harbor Investment Advisory LLC grew its holdings in shares of Focus Financial Partners by 55.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,619 shares of the company’s stock worth $60,000 after acquiring an additional 575 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Focus Financial Partners by 15.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,866 shares of the company’s stock worth $64,000 after acquiring an additional 252 shares during the last quarter. Finally, Great West Life Assurance Co. Can acquired a new position in shares of Focus Financial Partners in the 3rd quarter worth $100,000. Institutional investors own 93.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FOCS shares. Raymond James cut Focus Financial Partners from an “outperform” rating to a “market perform” rating in a report on Friday, February 17th. Royal Bank of Canada lifted their target price on Focus Financial Partners from $50.00 to $53.00 and gave the stock a “sector perform” rating in a report on Friday, February 17th. Morgan Stanley upgraded Focus Financial Partners from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $35.00 to $53.00 in a report on Wednesday, February 15th. Truist Financial cut Focus Financial Partners from a “buy” rating to a “hold” rating and lifted their target price for the stock from $50.00 to $53.00 in a report on Tuesday, February 21st. Finally, William Blair downgraded Focus Financial Partners from an “outperform” rating to a “market perform” rating in a report on Monday, February 27th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Focus Financial Partners has a consensus rating of “Hold” and a consensus target price of $50.13.

Focus Financial Partners Price Performance

FOCS opened at $52.03 on Tuesday. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 80.05 and a beta of 1.31. Focus Financial Partners Inc. has a 1 year low of $30.27 and a 1 year high of $52.62. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 1.96. The stock has a fifty day moving average price of $51.83 and a 200 day moving average price of $45.88.

Focus Financial Partners Company Profile

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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.