Carroll Financial Associates Inc. boosted its holdings in shares of Focus Financial Partners Inc (NASDAQ:FOCS) by 236.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,650 shares of the company’s stock after buying an additional 81,950 shares during the period. Carroll Financial Associates Inc. owned about 0.17% of Focus Financial Partners worth $2,776,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Kavar Capital Partners LLC acquired a new stake in Focus Financial Partners during the second quarter worth $27,000. Point72 Hong Kong Ltd bought a new position in shares of Focus Financial Partners during the second quarter valued at $31,000. Quantamental Technologies LLC lifted its holdings in shares of Focus Financial Partners by 225.0% during the second quarter. Quantamental Technologies LLC now owns 1,300 shares of the company’s stock valued at $36,000 after acquiring an additional 900 shares during the period. NumerixS Investment Technologies Inc bought a new position in shares of Focus Financial Partners during the second quarter valued at $38,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Focus Financial Partners during the second quarter valued at $40,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.
Shares of NASDAQ FOCS traded up $0.50 during midday trading on Wednesday, reaching $21.78. 10,212 shares of the company traded hands, compared to its average volume of 244,058. The firm has a market cap of $1.49 billion, a PE ratio of 21.81, a PEG ratio of 0.53 and a beta of 2.01. The stock’s 50-day simple moving average is $22.03 and its 200-day simple moving average is $28.57. Focus Financial Partners Inc has a 12 month low of $19.05 and a 12 month high of $45.28. The company has a debt-to-equity ratio of 1.59, a quick ratio of 2.62 and a current ratio of 2.62.
A number of brokerages have issued reports on FOCS. SunTrust Banks set a $26.00 price objective on Focus Financial Partners and gave the company a “hold” rating in a report on Friday, August 9th. Zacks Investment Research raised Focus Financial Partners from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday. Bank of America cut their price objective on Focus Financial Partners from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Keefe, Bruyette & Woods raised Focus Financial Partners from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $35.00 to $35.50 in a report on Friday, July 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $34.75.
About Focus Financial Partners
Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. The company also offers recordkeeping and administration services.
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