Shares of Focus Financial Partners Inc (NASDAQ:FOCS) have earned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.45.

A number of research firms have recently weighed in on FOCS. Credit Suisse Group began coverage on shares of Focus Financial Partners in a report on Monday, June 22nd. They set an “outperform” rating and a $39.00 price target on the stock. Royal Bank of Canada lifted their target price on shares of Focus Financial Partners from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Raymond James dropped their target price on shares of Focus Financial Partners from $50.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. Keefe, Bruyette & Woods lifted their target price on shares of Focus Financial Partners from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Oppenheimer reiterated a “buy” rating and issued a $28.00 target price on shares of Focus Financial Partners in a report on Thursday, May 7th.

Several large investors have recently bought and sold shares of FOCS. JPMorgan Chase & Co. increased its holdings in shares of Focus Financial Partners by 37.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,445,131 shares of the company’s stock worth $102,282,000 after purchasing an additional 1,221,202 shares during the period. Deutsche Bank AG increased its holdings in shares of Focus Financial Partners by 2,327.2% during the 1st quarter. Deutsche Bank AG now owns 490,244 shares of the company’s stock worth $11,280,000 after purchasing an additional 470,046 shares during the period. Fairview Capital Investment Management LLC increased its holdings in shares of Focus Financial Partners by 24.3% during the 1st quarter. Fairview Capital Investment Management LLC now owns 2,342,198 shares of the company’s stock worth $53,893,000 after purchasing an additional 458,104 shares during the period. UBS Group AG increased its holdings in shares of Focus Financial Partners by 134.6% during the 4th quarter. UBS Group AG now owns 94,961 shares of the company’s stock worth $2,799,000 after purchasing an additional 369,124 shares during the period. Finally, Capital World Investors increased its holdings in shares of Focus Financial Partners by 10.2% during the 4th quarter. Capital World Investors now owns 2,354,300 shares of the company’s stock worth $69,381,000 after purchasing an additional 218,231 shares during the period. Institutional investors own 84.72% of the company’s stock.

Shares of Focus Financial Partners stock traded up $1.59 during midday trading on Thursday, reaching $30.18. 211,500 shares of the company’s stock traded hands, compared to its average volume of 330,129. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 143.70, a price-to-earnings-growth ratio of 1.56 and a beta of 1.44. The company’s 50 day simple moving average is $27.64 and its 200 day simple moving average is $26.11. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.70 and a current ratio of 5.70. Focus Financial Partners has a 52 week low of $12.17 and a 52 week high of $34.96.

Focus Financial Partners (NASDAQ:FOCS) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $337.05 million for the quarter, compared to the consensus estimate of $323.59 million. Focus Financial Partners had a net margin of 0.81% and a return on equity of 22.77%. Focus Financial Partners’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. As a group, equities research analysts predict that Focus Financial Partners will post 2.58 earnings per share for the current year.

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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Analyst Recommendations for Focus Financial Partners (NASDAQ:FOCS)

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