Focus Financial Partners (FOCS) Stock Rating Lowered by Zacks Investment Research

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Focus Financial Partners (NASDAQ:FOCS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Focus Financial Partners Inc. provides wealth management services. The Company offers financial planning, asset allocation, asset management and tax preparation services. Focus Financial Partners Inc. is based in New York, United States. “

Other equities research analysts also recently issued research reports about the stock. SunTrust Banks started coverage on shares of Focus Financial Partners in a research report on Thursday, January 17th. They set a “hold” rating and a $30.00 price target for the company. Bank of America set a $37.00 target price on shares of Focus Financial Partners and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Oppenheimer began coverage on shares of Focus Financial Partners in a research report on Monday, April 8th. They issued an “outperform” rating and a $48.00 target price for the company. Finally, BMO Capital Markets lifted their target price on shares of Focus Financial Partners from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, February 25th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.83.

Shares of FOCS opened at $37.50 on Tuesday. The company has a market cap of $2.60 billion and a P/E ratio of 37.97. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.03. Focus Financial Partners has a twelve month low of $22.61 and a twelve month high of $49.51.

Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings results on Thursday, February 21st. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The company had revenue of $247.50 million during the quarter, compared to the consensus estimate of $244.78 million. Focus Financial Partners had a negative net margin of 4.34% and a positive return on equity of 69.46%. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Focus Financial Partners will post 1.98 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Focus Financial Partners in the 3rd quarter worth approximately $59,026,000. Vanguard Group Inc bought a new stake in Focus Financial Partners in the 3rd quarter worth approximately $71,814,000. TIAA CREF Investment Management LLC bought a new stake in Focus Financial Partners in the 3rd quarter worth approximately $1,802,000. Citadel Advisors LLC bought a new stake in Focus Financial Partners in the 3rd quarter worth approximately $373,000. Finally, Vanguard Group Inc. bought a new stake in Focus Financial Partners in the 3rd quarter worth approximately $71,814,000. 75.52% of the stock is owned by institutional investors and hedge funds.

Focus Financial Partners Company Profile

Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.

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Analyst Recommendations for Focus Financial Partners (NASDAQ:FOCS)

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