HFF, Inc. (HF) Shares Sold by Wells Fargo & Company MN
Wells Fargo & Company MN lowered its position in HFF, Inc. (NYSE:HF) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 888,008 shares of the financial services provider’s stock after selling 45,029 shares during the period. Wells Fargo & Company MN owned about 2.30% of HFF worth $30,876,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of HF. Great West Life Assurance Co. Can grew its holdings in shares of HFF by 6.2% in the first quarter. Great West Life Assurance Co. Can now owns 47,774 shares of the financial services provider’s stock worth $1,320,000 after acquiring an additional 2,772 shares during the period. First Trust Advisors LP bought a new stake in shares of HFF in the first quarter worth $722,000. Bank of New York Mellon Corp grew its holdings in shares of HFF by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 608,771 shares of the financial services provider’s stock worth $16,845,000 after acquiring an additional 19,310 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of HFF by 10.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,064 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 678 shares during the period. Finally, Comerica Bank grew its holdings in shares of HFF by 4.4% in the first quarter. Comerica Bank now owns 39,903 shares of the financial services provider’s stock worth $1,272,000 after acquiring an additional 1,674 shares during the period. 87.11% of the stock is owned by institutional investors.
In other HFF news, CEO Mark Gibson sold 15,151 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $37.33, for a total value of $565,586.83. Following the transaction, the chief executive officer now directly owns 518,956 shares of the company’s stock, valued at approximately $19,372,627.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Joe Thornton, Jr. sold 14,787 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $37.33, for a total transaction of $551,998.71. Following the completion of the transaction, the president now directly owns 525,090 shares in the company, valued at $19,601,609.70. The disclosure for this sale can be found here. Insiders have sold a total of 103,701 shares of company stock worth $3,860,832 over the last 90 days. Insiders own 5.70% of the company’s stock.
HFF, Inc. (NYSE:HF) opened at 38.22 on Friday. HFF, Inc. has a 52-week low of $24.84 and a 52-week high of $38.81. The company’s 50-day moving average price is $37.25 and its 200 day moving average price is $32.83. The stock has a market capitalization of $1.47 billion, a P/E ratio of 17.32 and a beta of 1.21.
HFF (NYSE:HF) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.09. HFF had a return on equity of 40.20% and a net margin of 15.51%. The firm had revenue of $137.36 million for the quarter, compared to analysts’ expectations of $127.81 million. On average, equities research analysts predict that HFF, Inc. will post $2.29 earnings per share for the current fiscal year.
Several analysts recently commented on HF shares. Zacks Investment Research lowered HFF from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. ValuEngine lowered HFF from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised HFF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $34.50.
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HFF, Inc is a holding company. The Company holds the partnership interests in Holliday Fenoglio Fowler, L.P. and HFF Securities L.P. (together, the Operating Partnerships), held through the subsidiary HFF Partnership Holdings, LLC, and all of the outstanding shares of Holliday GP Corp. (Holliday GP).
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