HFF, Inc. (HF) Position Boosted by BB&T Securities LLC
BB&T Securities LLC lifted its holdings in shares of HFF, Inc. (NYSE:HF) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,471 shares of the financial services provider’s stock after acquiring an additional 1,185 shares during the quarter. BB&T Securities LLC’s holdings in HFF were worth $730,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. grew its stake in HFF by 16.7% in the second quarter. Advisor Group Inc. now owns 3,040 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 434 shares during the period. Assenagon Asset Management S.A. purchased a new stake in HFF in the third quarter worth $1,763,000. Capstone Asset Management Co. purchased a new stake in HFF in the second quarter worth $216,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in HFF by 19.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,064,575 shares of the financial services provider’s stock worth $176,095,000 after purchasing an additional 817,460 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in HFF by 6.5% in the second quarter. Great West Life Assurance Co. Can now owns 50,894 shares of the financial services provider’s stock worth $1,769,000 after purchasing an additional 3,120 shares during the period. Institutional investors own 88.01% of the company’s stock.
In other news, insider Gerard T. Sansosti sold 15,750 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $44.08, for a total value of $694,260.00. Following the sale, the insider now directly owns 118,095 shares of the company’s stock, valued at $5,205,627.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Gibson sold 37,331 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $37.19, for a total value of $1,388,339.89. Following the completion of the sale, the chief executive officer now directly owns 518,956 shares in the company, valued at $19,299,973.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 359,023 shares of company stock worth $14,342,152. 5.70% of the stock is owned by insiders.
Separately, Zacks Investment Research raised HFF from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.50.
Shares of HFF, Inc. (HF) opened at $45.72 on Friday. The firm has a market capitalization of $1,763.88, a price-to-earnings ratio of 20.50 and a beta of 1.16. HFF, Inc. has a 12 month low of $25.79 and a 12 month high of $46.45.
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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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