Van Hulzen Asset Management LLC Boosts Stake in Focus Financial Partners Inc. (NASDAQ:FOCS)

Van Hulzen Asset Management LLC raised its holdings in Focus Financial Partners Inc. (NASDAQ:FOCSGet Rating) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,552 shares of the company’s stock after purchasing an additional 1,762 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Focus Financial Partners were worth $570,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Andrew Hill Investment Advisors Inc. purchased a new stake in Focus Financial Partners in the fourth quarter valued at $29,000. Captrust Financial Advisors grew its stake in shares of Focus Financial Partners by 1,165.6% in the third quarter. Captrust Financial Advisors now owns 1,949 shares of the company’s stock valued at $102,000 after buying an additional 1,795 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in shares of Focus Financial Partners by 12.1% in the third quarter. Advisor Group Holdings Inc. now owns 2,353 shares of the company’s stock valued at $123,000 after buying an additional 254 shares in the last quarter. Strs Ohio grew its stake in shares of Focus Financial Partners by 287.5% in the fourth quarter. Strs Ohio now owns 3,100 shares of the company’s stock valued at $185,000 after buying an additional 2,300 shares in the last quarter. Finally, Mawer Investment Management Ltd. acquired a new stake in shares of Focus Financial Partners in the third quarter valued at $201,000. Institutional investors own 88.86% of the company’s stock.

FOCS has been the subject of a number of research reports. Zacks Investment Research cut Focus Financial Partners from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. Raymond James dropped their price objective on Focus Financial Partners from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, April 5th. Finally, The Goldman Sachs Group lowered their target price on Focus Financial Partners from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, March 31st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $72.14.

FOCS traded up $1.28 on Tuesday, hitting $43.45. 5,904 shares of the company were exchanged, compared to its average volume of 389,412. Focus Financial Partners Inc. has a twelve month low of $41.51 and a twelve month high of $69.13. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 248.07, a price-to-earnings-growth ratio of 0.53 and a beta of 1.23. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 2.14. The firm has a 50-day moving average price of $46.98 and a two-hundred day moving average price of $55.11.

Focus Financial Partners (NASDAQ:FOCSGet Rating) last released its earnings results on Thursday, February 17th. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.04. Focus Financial Partners had a return on equity of 24.59% and a net margin of 0.58%. The firm had revenue of $523.89 million during the quarter, compared to analysts’ expectations of $484.05 million. During the same period in the previous year, the firm posted $0.74 EPS. Focus Financial Partners’s revenue for the quarter was up 38.0% on a year-over-year basis. Equities analysts expect that Focus Financial Partners Inc. will post 4.34 EPS for the current year.

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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