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 services; recommends financial products through commissions and distribution fees; and sells investment or insurance products. Focus Financial Partners Inc. was founded in 2006 and is headquartered in New York, New York.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Raymond James reduced their price target on shares of Focus Financial Partners from $60.00 to $45.00 in a report on Friday, June 17th. The Goldman Sachs Group cut their price objective on shares of Focus Financial Partners from $58.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, June 29th. Oppenheimer lowered their target price on shares of Focus Financial Partners from $60.00 to $52.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 6th. Finally, Truist Financial dropped their target price on shares of Focus Financial Partners from $78.00 to $65.00 in a research report on Friday, May 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Focus Financial Partners has an average rating of "Buy" and an average target price of $62.00.
Focus Financial Partners Price Performance
Shares of NASDAQ:FOCS traded down $0.53 on Friday, hitting $42.19. The stock had a trading volume of 291,020 shares, compared to its average volume of 293,644. Focus Financial Partners has a twelve month low of $30.88 and a twelve month high of $69.13. The company has a debt-to-equity ratio of 2.06, a quick ratio of 5.21 and a current ratio of 5.21. The firm's 50 day moving average price is $36.48 and its 200-day moving average price is $41.86. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 1.13 and a beta of 1.29.
Focus Financial Partners (NASDAQ:FOCS - Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.09. Focus Financial Partners had a net margin of 3.43% and a return on equity of 27.96%. The business had revenue of $536.57 million for the quarter, compared to the consensus estimate of $515.65 million. During the same quarter in the prior year, the company earned $0.83 EPS. The firm's quarterly revenue was up 36.1% on a year-over-year basis. On average, equities research analysts predict that Focus Financial Partners will post 4.22 earnings per share for the current year.