Robeco Institutional Asset Management B.V. Purchases New Position in Focus Financial Partners Inc (FOCS)
Robeco Institutional Asset Management B.V. purchased a new position in shares of Focus Financial Partners Inc (NASDAQ:FOCS) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 150,000 shares of the company’s stock, valued at approximately $7,119,000.
A number of other large investors also recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust acquired a new stake in Focus Financial Partners during the 3rd quarter worth $9,594,000. Peregrine Capital Management LLC acquired a new stake in Focus Financial Partners during the 3rd quarter worth $9,254,000. First Trust Advisors LP acquired a new stake in Focus Financial Partners during the 3rd quarter worth $2,886,000. CFO4Life Group LLC acquired a new stake in Focus Financial Partners during the 3rd quarter worth $390,000. Finally, Strs Ohio acquired a new position in Focus Financial Partners in the third quarter valued at $256,000. Hedge funds and other institutional investors own 13.27% of the company’s stock.
NASDAQ FOCS opened at $31.17 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.56 and a quick ratio of 2.56. Focus Financial Partners Inc has a one year low of $29.45 and a one year high of $49.51.
A number of research analysts have commented on the stock. BMO Capital Markets dropped their price objective on shares of Focus Financial Partners to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, November 15th. Zacks Investment Research lowered shares of Focus Financial Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 30th. William Blair assumed coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “market perform” rating on the stock. Goldman Sachs Group assumed coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 price objective on the stock. Finally, Bank of America assumed coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $44.00.
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About Focus Financial Partners
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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