Credit Suisse AG Purchases 169,441 Shares of Focus Financial Partners Inc. (NASDAQ:FOCS)

Credit Suisse AG boosted its position in shares of Focus Financial Partners Inc. (NASDAQ:FOCS) by 351.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 217,625 shares of the company’s stock after acquiring an additional 169,441 shares during the period. Credit Suisse AG owned 0.28% of Focus Financial Partners worth $11,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FOCS. Capital World Investors raised its position in shares of Focus Financial Partners by 0.3% during the first quarter. Capital World Investors now owns 5,484,203 shares of the company’s stock valued at $250,847,000 after buying an additional 14,664 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Focus Financial Partners by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 5,160,570 shares of the company’s stock valued at $192,335,000 after buying an additional 38,790 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Focus Financial Partners by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,897,681 shares of the company’s stock valued at $154,326,000 after buying an additional 29,843 shares during the last quarter. BlackRock Inc. raised its position in shares of Focus Financial Partners by 7.0% during the first quarter. BlackRock Inc. now owns 3,943,229 shares of the company’s stock valued at $180,364,000 after buying an additional 257,246 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Focus Financial Partners by 25.5% during the fourth quarter. Macquarie Group Ltd. now owns 2,294,273 shares of the company’s stock valued at $85,508,000 after buying an additional 465,460 shares during the last quarter. Institutional investors own 94.86% of the company’s stock.

Focus Financial Partners Trading Down 0.0 %

FOCS stock opened at $52.48 on Friday. The firm has a fifty day moving average price of $52.38 and a 200 day moving average price of $51.90. Focus Financial Partners Inc. has a fifty-two week low of $30.27 and a fifty-two week high of $52.66. The company has a debt-to-equity ratio of 1.90, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market cap of $4.12 billion, a PE ratio of 1,049.60 and a beta of 1.28.

Focus Financial Partners (NASDAQ:FOCS) last posted its earnings results on Thursday, August 3rd. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). Focus Financial Partners had a net margin of 2.77% and a return on equity of 24.55%. The business had revenue of $583.81 million during the quarter, compared to analysts’ expectations of $593.55 million. Sell-side analysts anticipate that Focus Financial Partners Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Focus Financial Partners from a “b-” rating to a “c” rating in a research report on Monday, August 7th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.13.

Focus Financial Partners Profile

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.