Northern Trust Corp Increases Stake in HFF, Inc. (HF)

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Northern Trust Corp grew its holdings in HFF, Inc. (NYSE:HF) by 0.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 474,323 shares of the financial services provider’s stock after buying an additional 4,190 shares during the period. Northern Trust Corp owned 1.21% of HFF worth $23,574,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Raymond James & Associates raised its holdings in shares of HFF by 6.2% in the fourth quarter. Raymond James & Associates now owns 189,915 shares of the financial services provider’s stock valued at $9,237,000 after buying an additional 11,010 shares during the last quarter. Wells Fargo & Company MN raised its holdings in HFF by 1.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,113,074 shares of the financial services provider’s stock worth $54,140,000 after purchasing an additional 13,978 shares in the last quarter. Paloma Partners Management Co purchased a new position in HFF during the fourth quarter worth about $5,524,000. Clark Capital Management Group Inc. raised its holdings in HFF by 3.2% during the fourth quarter. Clark Capital Management Group Inc. now owns 54,495 shares of the financial services provider’s stock worth $2,651,000 after purchasing an additional 1,687 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in HFF during the fourth quarter worth about $278,000. 89.20% of the stock is owned by institutional investors and hedge funds.

NYSE HF opened at $35.33 on Friday. The stock has a market cap of $1.39 billion, a P/E ratio of 15.51 and a beta of 0.97. HFF, Inc. has a 52-week low of $32.84 and a 52-week high of $51.74.

HFF (NYSE:HF) last posted its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.14). The firm had revenue of $131.62 million for the quarter, compared to analysts’ expectations of $149.70 million. HFF had a return on equity of 37.13% and a net margin of 15.34%. analysts predict that HFF, Inc. will post 2.7 EPS for the current fiscal year.

In related news, Director Deborah H. Mcaneny bought 2,000 shares of the stock in a transaction on Wednesday, May 2nd. The shares were bought at an average cost of $36.07 per share, for a total transaction of $72,140.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.90% of the company’s stock.

Several research analysts recently issued reports on the stock. TheStreet cut shares of HFF from a “b” rating to a “c” rating in a report on Tuesday, April 24th. Goldman Sachs Group assumed coverage on shares of HFF in a report on Tuesday, April 3rd. They set a “sell” rating and a $41.00 price target for the company. Zacks Investment Research cut shares of HFF from a “buy” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, ValuEngine cut shares of HFF from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $45.00.

HFF Profile

HFF, Inc provides commercial real estate and capital market services to the users and providers of capital primarily in the United States commercial real estate industry. The company offers debt placement services, such as construction and construction/mini-permanent loans, adjustable and fixed rate mortgages, entity level debts, mezzanine debts, forward delivery loans, tax exempt financing, and sale/leaseback financing to the owners of various properties comprising office, retail, industrial, hotel, multi-housing, student housing, self-storage, senior living, independent living, assisted living, nursing homes, condominiums and condominium conversions, mixed-use properties, and land.

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Institutional Ownership by Quarter for HFF (NYSE:HF)

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