In yesterday’s Wall Street session, Focus Financial Partners Inc. (NASDAQ:FOCS) shares traded at $52.99, down -0.02% from the previous session.
4 analysts cover Focus Financial Partners Inc. (NASDAQ:FOCS), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $54.00 and a low of $53.00, we find $53.50. Given the previous closing price of $53.00, this indicates a potential upside of 0.94 percent. FOCS stock price is now 1.15% away from the 50-day moving average and 9.42% away from the 200-day moving average. The market capitalization of the company currently stands at $4.16B.
The stock has received a hold rating from 4 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $53.50 as their price target over the next twelve months.
With the price target maintained at $55, Keefe Bruyette recently Downgraded its rating from Outperform to Mkt Perform for Focus Financial Partners Inc. (NASDAQ: FOCS).
There have been several recent changes in the stakes of large investors in FOCS stock. A new stake in Focus Financial Partners Inc. shares was purchased by PSQUARED ASSET MANAGEMENT AG during the first quarter worth $92,728,000. KRYGER CAPITAL LTD invested $68,528,000 in shares of FOCS during the first quarter. In the first quarter, MAN GROUP PLC acquired a new stake in Focus Financial Partners Inc. valued at approximately $33,849,000. PICTON MAHONEY ASSET MANAGEMENT acquired a new stake in FOCS for approximately $26,495,000. MELQART ASSET MANAGEMENT (UK) LTD purchased a new stake in FOCS valued at around $26,341,000 in the second quarter. In total, there are 302 active investors with 92.66% ownership of the company’s stock.
On Wednesday morning Focus Financial Partners Inc. (NASDAQ: FOCS) stock kicked off with the opening price of $52.99. During the past 12 months, Focus Financial Partners Inc. has had a low of $30.27 and a high of $53.00. According to the stock market information, the enterprise value for the company is $6.26B, which is based on a 64.94 price-to-earnings ratio, a 4.14 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for FOCS is $52.40 and a two-hundred day moving average price translates $48.50 for the stock.
The latest earnings results from Focus Financial Partners Inc. (NASDAQ: FOCS) was released for Jun, 2023. According to the Asset Management Company, earnings per share came in at $0.9, missing analysts’ expectations of $0.96 by -0.06. This compares to $0.50 EPS in the same period last year. The net profit margin was 2.80% and return on equity was 5.80% for FOCS. The company reported revenue of $583.8 million for the quarter, compared to $539.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.27 percent. For the current quarter, analysts expect FOCS to generate $602.6M in revenue.
Focus Financial Partners Inc.(FOCS) Company Profile
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. The company also offers recordkeeping and administration, and outsourced services; recommends financial products; and sells investment or insurance products. The company was founded in 2006 and is headquartered in New York, New York.
