Gamco Investors INC. ET AL grew its holdings in Focus Financial Partners Inc. (NASDAQ:FOCS – Get Rating) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,990 shares of the company’s stock after purchasing an additional 443 shares during the period. Gamco Investors INC. ET AL’s holdings in Focus Financial Partners were worth $931,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of FOCS. Bank of New York Mellon Corp grew its position in Focus Financial Partners by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 295,346 shares of the company’s stock worth $13,509,000 after acquiring an additional 18,899 shares during the last quarter. Bank of Montreal Can grew its position in Focus Financial Partners by 87.5% during the 1st quarter. Bank of Montreal Can now owns 39,509 shares of the company’s stock worth $1,892,000 after acquiring an additional 18,436 shares during the last quarter. MetLife Investment Management LLC grew its position in Focus Financial Partners by 66.6% during the 1st quarter. MetLife Investment Management LLC now owns 34,423 shares of the company’s stock worth $1,575,000 after acquiring an additional 13,764 shares during the last quarter. Rhumbline Advisers grew its position in Focus Financial Partners by 10.6% during the 1st quarter. Rhumbline Advisers now owns 63,432 shares of the company’s stock worth $2,901,000 after acquiring an additional 6,081 shares during the last quarter. Finally, BlackRock Inc. grew its position in Focus Financial Partners by 7.0% during the 1st quarter. BlackRock Inc. now owns 3,943,229 shares of the company’s stock worth $180,364,000 after acquiring an additional 257,246 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on FOCS shares. Raymond James lowered Focus Financial Partners from an “outperform” rating to a “market perform” rating in a research report on Friday, February 17th. Morgan Stanley raised Focus Financial Partners from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $35.00 to $53.00 in a report on Wednesday, February 15th. Oppenheimer downgraded Focus Financial Partners from an “outperform” rating to a “market perform” rating in a report on Friday, February 17th. Royal Bank of Canada lifted their target price on Focus Financial Partners from $50.00 to $53.00 and gave the stock a “sector perform” rating in a report on Friday, February 17th. Finally, Truist Financial downgraded Focus Financial Partners from a “buy” rating to a “hold” rating and lifted their target price for the stock from $50.00 to $53.00 in a report on Tuesday, February 21st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Focus Financial Partners currently has a consensus rating of “Hold” and a consensus target price of $50.13.
Focus Financial Partners Stock Down 0.0 %
About Focus Financial Partners
Focus Financial Partners, Inc is a holding company, which engages in the provision of wealth management services. It also offers practices, resources, and continuity planning for its partner firms who serve individuals, families, employers, and institutions with comprehensive wealth management services.
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