HFF, Inc. (NYSE:HF) – Equities research analysts at William Blair boosted their FY2018 earnings per share estimates for HFF in a research report issued on Tuesday, October 30th. William Blair analyst S. Sheldon now anticipates that the financial services provider will post earnings of $2.67 per share for the year, up from their prior forecast of $2.63. William Blair also issued estimates for HFF’s Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $1.07 EPS, FY2019 earnings at $2.65 EPS, Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.56 EPS and Q3 2020 earnings at $0.64 EPS.
HFF (NYSE:HF) last released its earnings results on Tuesday, October 30th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.10. The business had revenue of $161.39 million for the quarter, compared to the consensus estimate of $154.60 million. HFF had a net margin of 16.66% and a return on equity of 40.08%.
HFF stock opened at $36.75 on Thursday. The company has a market capitalization of $1.40 billion, a PE ratio of 14.88 and a beta of 1.07. HFF has a fifty-two week low of $32.99 and a fifty-two week high of $51.74.
A number of institutional investors and hedge funds have recently made changes to their positions in HF. Cubist Systematic Strategies LLC purchased a new position in HFF during the first quarter valued at approximately $134,000. PNC Financial Services Group Inc. grew its position in HFF by 509.1% during the second quarter. PNC Financial Services Group Inc. now owns 4,142 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 3,462 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in HFF during the third quarter valued at approximately $196,000. Itau Unibanco Holding S.A. purchased a new position in HFF during the second quarter valued at approximately $232,000. Finally, ACG Wealth purchased a new position in HFF during the third quarter valued at approximately $237,000. 91.65% of the stock is currently owned by hedge funds and other institutional investors.
In related news, President Joe Thornton, Jr. sold 9,141 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of $43.48, for a total transaction of $397,450.68. Following the transaction, the president now directly owns 402,834 shares of the company’s stock, valued at $17,515,222.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Gibson sold 34,763 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $44.13, for a total transaction of $1,534,091.19. Following the transaction, the chief executive officer now directly owns 422,028 shares in the company, valued at $18,624,095.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,244 shares of company stock worth $5,696,330. 4.90% of the stock is currently owned by insiders.
HFF Company 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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