Advisors Asset Management Inc. Has $562,000 Stake in Focus Financial Partners Inc. (NASDAQ:FOCS)

Advisors Asset Management Inc. grew its holdings in Focus Financial Partners Inc. (NASDAQ:FOCSGet Rating) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,497 shares of the company’s stock after buying an additional 1,374 shares during the period. Advisors Asset Management Inc.’s holdings in Focus Financial Partners were worth $562,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Great West Life Assurance Co. Can lifted its position in shares of Focus Financial Partners by 17.4% in the first quarter. Great West Life Assurance Co. Can now owns 2,697 shares of the company’s stock valued at $131,000 after buying an additional 399 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Focus Financial Partners by 10.4% during the first quarter. Ameritas Investment Partners Inc. now owns 5,043 shares of the company’s stock worth $231,000 after purchasing an additional 475 shares during the period. American International Group Inc. increased its stake in shares of Focus Financial Partners by 2.0% during the first quarter. American International Group Inc. now owns 32,285 shares of the company’s stock worth $1,477,000 after purchasing an additional 618 shares during the period. Assetmark Inc. increased its stake in shares of Focus Financial Partners by 121.1% during the second quarter. Assetmark Inc. now owns 1,289 shares of the company’s stock worth $44,000 after purchasing an additional 706 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Focus Financial Partners by 3.9% during the first quarter. Gamco Investors INC. ET AL now owns 19,452 shares of the company’s stock worth $890,000 after purchasing an additional 729 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FOCS. Oppenheimer lowered their target price on Focus Financial Partners to $47.00 in a research note on Thursday, October 13th. Morgan Stanley lowered their target price on Focus Financial Partners from $37.00 to $36.00 and set an “underweight” rating on the stock in a research note on Friday, November 4th. Truist Financial lowered their price objective on Focus Financial Partners from $55.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, October 18th. TheStreet lowered Focus Financial Partners from a “b-” rating to a “c+” rating in a research note on Friday, October 14th. Finally, The Goldman Sachs Group lowered their price objective on Focus Financial Partners from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 3rd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.83.

Focus Financial Partners Trading Down 0.1 %

Shares of FOCS stock opened at $37.68 on Friday. The stock’s fifty day moving average price is $34.33 and its two-hundred day moving average price is $36.53. The company has a market cap of $2.92 billion, a PE ratio of 25.12, a P/E/G ratio of 0.90 and a beta of 1.33. Focus Financial Partners Inc. has a fifty-two week low of $30.27 and a fifty-two week high of $69.13. The company has a debt-to-equity ratio of 1.89, a quick ratio of 2.52 and a current ratio of 2.52.

Focus Financial Partners Company Profile

(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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