Focus Financial Partners Inc. (NASDAQ:FOCS) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in Focus Financial Partners Inc. (NASDAQ:FOCSGet Rating) by 17.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,423 shares of the company’s stock after purchasing an additional 7,211 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Focus Financial Partners were worth $2,215,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Trustcore Financial Services LLC lifted its holdings in Focus Financial Partners by 100.0% in the fourth quarter. Trustcore Financial Services LLC now owns 1,000 shares of the company’s stock worth $60,000 after purchasing an additional 500 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Focus Financial Partners in the fourth quarter worth about $126,000. Strs Ohio lifted its holdings in Focus Financial Partners by 287.5% in the fourth quarter. Strs Ohio now owns 3,100 shares of the company’s stock worth $185,000 after purchasing an additional 2,300 shares during the period. Advisor Group Holdings Inc. lifted its holdings in Focus Financial Partners by 62.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,811 shares of the company’s stock worth $228,000 after purchasing an additional 1,458 shares during the period. Finally, Fox Run Management L.L.C. lifted its holdings in Focus Financial Partners by 15.8% in the fourth quarter. Fox Run Management L.L.C. now owns 4,647 shares of the company’s stock worth $278,000 after purchasing an additional 635 shares during the period. Institutional investors and hedge funds own 92.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of Focus Financial Partners from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, June 29th. Oppenheimer dropped their price target on shares of Focus Financial Partners from $60.00 to $52.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 6th. Raymond James dropped their price target on shares of Focus Financial Partners from $60.00 to $45.00 in a research report on Friday, June 17th. Royal Bank of Canada dropped their price target on shares of Focus Financial Partners from $67.00 to $58.00 and set a “maintains” rating on the stock in a research report on Monday, July 25th. Finally, Truist Financial dropped their price target on shares of Focus Financial Partners from $78.00 to $65.00 in a research report on Friday, May 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $59.17.

Focus Financial Partners Price Performance

NASDAQ FOCS opened at $42.41 on Thursday. The stock’s 50-day moving average price is $36.29 and its two-hundred day moving average price is $42.10. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 2.06. The company has a market cap of $3.26 billion, a PE ratio of 69.52, a PEG ratio of 1.09 and a beta of 1.29. Focus Financial Partners Inc. has a 1 year low of $30.88 and a 1 year high of $69.13.

Focus Financial Partners (NASDAQ:FOCSGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.09. The firm had revenue of $536.57 million for the quarter, compared to the consensus estimate of $515.65 million. Focus Financial Partners had a return on equity of 25.03% and a net margin of 2.02%. 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, analysts predict 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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