BidaskClub cut shares of Focus Financial Partners (NASDAQ:FOCS) from a sell rating to a strong sell rating in a report published on Saturday morning, BidAskClub reports.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Focus Financial Partners from a sell rating to a hold rating in a report on Tuesday, July 14th. ValuEngine raised Focus Financial Partners from a strong sell rating to a sell rating in a report on Monday, August 3rd. Truist Financial boosted their target price on Focus Financial Partners from $30.00 to $50.00 and gave the stock a buy rating in a report on Tuesday, August 4th. Bank of America boosted their target price on Focus Financial Partners from $31.00 to $39.00 and gave the stock a buy rating in a report on Friday, July 10th. Finally, Oppenheimer boosted their target price on Focus Financial Partners from $29.00 to $39.00 and gave the stock an outperform rating in a report on Monday, July 13th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. Focus Financial Partners has a consensus rating of Buy and an average price target of $37.67.

NASDAQ:FOCS opened at $30.42 on Friday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 126.75, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. Focus Financial Partners has a twelve month low of $12.17 and a twelve month high of $40.99. The stock’s 50 day moving average price is $36.15 and its two-hundred day moving average price is $28.65. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 1.82.

Focus Financial Partners (NASDAQ:FOCS) last posted its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $313.10 million for the quarter, compared to analyst estimates of $301.46 million. Focus Financial Partners had a return on equity of 24.16% and a net margin of 0.92%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. As a group, analysts anticipate that Focus Financial Partners will post 2.56 earnings per share for the current year.

In related news, CEO Ruediger Adolf sold 561,185 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $31.05, for a total transaction of $17,424,794.25. Following the completion of the sale, the chief executive officer now directly owns 561,185 shares in the company, valued at approximately $17,424,794.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel John Russell Mcgranahan sold 107,180 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $31.05, for a total value of $3,327,939.00. Following the sale, the general counsel now owns 108,180 shares of the company’s stock, valued at $3,358,989. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,293,876 shares of company stock valued at $40,174,850. Corporate insiders own 0.12% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its position in shares of Focus Financial Partners by 1.8% during the 2nd quarter. HighTower Advisors LLC now owns 36,675 shares of the company’s stock worth $1,214,000 after buying an additional 632 shares during the last quarter. Swiss National Bank lifted its position in shares of Focus Financial Partners by 1.6% during the 1st quarter. Swiss National Bank now owns 50,400 shares of the company’s stock worth $1,160,000 after buying an additional 800 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Focus Financial Partners by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 123,515 shares of the company’s stock worth $4,082,000 after buying an additional 967 shares during the last quarter. American International Group Inc. lifted its position in shares of Focus Financial Partners by 6.0% during the 2nd quarter. American International Group Inc. now owns 19,238 shares of the company’s stock worth $636,000 after buying an additional 1,082 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Focus Financial Partners by 3.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 44,675 shares of the company’s stock worth $1,476,000 after buying an additional 1,508 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

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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