Focus Financial Partners Inc (FOCS) Shares Bought by Winslow Asset Management Inc.

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Winslow Asset Management Inc. increased its stake in Focus Financial Partners Inc (NASDAQ:FOCS) by 104.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 205,618 shares of the company’s stock after buying an additional 104,935 shares during the quarter. Winslow Asset Management Inc.’s holdings in Focus Financial Partners were worth $7,328,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in Focus Financial Partners during the 3rd quarter worth approximately $3,563,000. JPMorgan Chase & Co. purchased a new stake in Focus Financial Partners during the 3rd quarter worth approximately $37,151,000. Teachers Advisors LLC purchased a new stake in Focus Financial Partners during the 3rd quarter worth approximately $1,695,000. TIAA CREF Investment Management LLC purchased a new stake in Focus Financial Partners during the 3rd quarter worth approximately $1,802,000. Finally, Morgan Stanley purchased a new stake in Focus Financial Partners during the 3rd quarter worth approximately $1,463,000. 79.61% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:FOCS traded down $0.67 during trading hours on Thursday, reaching $29.08. The stock had a trading volume of 1,600 shares, compared to its average volume of 282,209. Focus Financial Partners Inc has a 1 year low of $22.61 and a 1 year high of $49.51. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 1.56. The company has a market cap of $2.06 billion and a PE ratio of 29.39.

Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.06. Focus Financial Partners had a negative net margin of 3.12% and a positive return on equity of 21.17%. The company had revenue of $259.90 million for the quarter, compared to the consensus estimate of $258.97 million. During the same period in the prior year, the firm posted $0.35 EPS. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. As a group, equities research analysts expect that Focus Financial Partners Inc will post 1.95 EPS for the current year.

Several equities research analysts recently weighed in on FOCS shares. Zacks Investment Research raised shares of Focus Financial Partners from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Friday, March 1st. Bank of America set a $37.00 price objective on shares of Focus Financial Partners and gave the company a “hold” rating in a research report on Tuesday, April 9th. SunTrust Banks increased their price objective on shares of Focus Financial Partners to $42.00 and gave the company a “hold” rating in a research report on Tuesday, March 5th. BMO Capital Markets increased their price objective on shares of Focus Financial Partners from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, February 25th. Finally, 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 price objective on the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.83.

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Focus Financial Partners Profile

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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Want to see what other hedge funds are holding FOCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Focus Financial Partners Inc (NASDAQ:FOCS).

Institutional Ownership by Quarter for Focus Financial Partners (NASDAQ:FOCS)

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