Morgan Stanley initiated coverage on Focus Financial with a new price target
$FOCS
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Morgan Stanley initiated coverage of Focus Financial with a rating of Underweight and set a new price target of $37.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/2/2023 | $55.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 2/21/2023 | $53.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 2/21/2023 | $50.00 → $53.00 | Buy → Hold | Truist |
| 2/17/2023 | Outperform → Mkt Perform | Raymond James | |
| 2/17/2023 | Outperform → Perform | Oppenheimer | |
| 2/15/2023 | $35.00 → $53.00 | Underweight → Equal-Weight | Morgan Stanley |
| 2/3/2023 | $55.00 → $53.00 | Outperform → Market Perform | BMO Capital Markets |
| 9/20/2022 | $37.00 | Underweight | Morgan Stanley |
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
Keefe Bruyette downgraded Focus Financial from Outperform to Mkt Perform and set a new price target of $55.00
RBC Capital Mkts downgraded Focus Financial from Outperform to Sector Perform and set a new price target of $53.00
Truist downgraded Focus Financial from Buy to Hold and set a new price target of $53.00 from $50.00 previously
SC 13G/A - Focus Financial Partners Inc. (0001651052) (Subject)
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SC 13G/A - Focus Financial Partners Inc. (0001651052) (Subject)
15-12G - Focus Financial Partners Inc. (0001651052) (Filer)
POSASR - Focus Financial Partners Inc. (0001651052) (Filer)
S-8 POS - Focus Financial Partners Inc. (0001651052) (Filer)
NEW YORK, NY / ACCESSWIRE / August 10, 2022 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that that its partner firm Connectus Wealth Advisers ("Connectus") has appointed Molly Bennard as Chief Executive Officer. Bennard is joining Connectus' global leadership team, which is responsible for executing on Connectus' global growth strategy.Bennard joins Connectus after more than seven years with Focus, where she was most recently a Managing Director and Co-Head of Focus' Northeast M&A team, with additional responsibility for Focus' expansion in Australia and the development and launch of Connectu
NEW YORK, NY / ACCESSWIRE / August 3, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus Inc.", "Focus", the "Company", "we", "us" or "our"), a leading partnership of independent, fiduciary wealth management firms, today reported results for its second quarter ended June 30, 2023.Second Quarter 2023 HighlightsTotal revenues of $583.8 million, 8.3% growth year over yearOrganic revenue growth(1) rate of 4.9% year over yearGAAP net income of $29.1 millionGAAP basic income and diluted loss per share of Class A common stock of $0.49 and ($0.10), respectivelyAdjusted Net Income Excluding Tax Adjustments(2) of $61.3 million and Tax Adjustments(3) of $17.6 millionAdjusted Net Income Excludin
NEW YORK, NY / ACCESSWIRE / July 20, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, today announced that it will report its results for the second quarter ended June 30, 2023 on Thursday, August 3, 2023.Due to the definitive agreement for Focus to be acquired by affiliates of Clayton, Dubilier & Rice, LLC, which is expected to close in the third quarter of 2023, Focus is not expected to host an earnings conference call or take questions from the investment community.About Focus Financial Partners Inc.Focus Financial Partners Inc. is a leading partnership of independent, fiduciary wealth management firms.
Resilient Financial Performance and Strong M&A Momentum Despite Challenging Macro EnvironmentNEW YORK, NY / ACCESSWIRE / May 4, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus Inc.", "Focus", the "Company", "we", "us" or "our"), a leading partnership of independent, fiduciary wealth management firms, today reported results for its first quarter ended March 31, 2023.First Quarter 2023 HighlightsTotal revenues of $557.5 million, 3.9% growth year over yearOrganic revenue growth(1) rate of 0.3% year over yearGAAP net loss of ($7.0) millionGAAP basic and diluted loss per share of Class A common stock of ($0.01) and ($0.22), respectivelyAdjusted Net Income Excluding Tax Adjustments(2) o
NEW YORK, NY / ACCESSWIRE / August 31, 2023 / Focus Financial Partners Inc. ("Focus" or the "Company"), a leading partnership of independent, fiduciary wealth management firms, Clayton, Dubilier & Rice, LLC ("CD&R"), and Stone Point Capital LLC ("Stone Point") today announced that they have completed the previously announced acquisition of Focus by funds affiliated with CD&R and Stone Point in an all-cash transaction for an enterprise value in excess of $7 billion."We are thrilled to mark this significant achievement in Focus's journey," said Rudy Adolf, Founder and CEO of Focus. "Our partnership with CD&R and Stone Point opens doors to new opportunities, enhanced resources, and increased va
NEW YORK, NY / ACCESSWIRE / August 22, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Phillip Brian Cook, Jr will join Focus partner firm InterOcean Capital Group, LLC ("InterOcean"). The transaction is expected to close in the third quarter of 2023, subject to customary closing conditions.Brian provides investment management and financial planning services to individuals, families and businesses. He will further increase InterOcean's presence and market leadership in Nashville, TN, where InterOcean's corporate headquarters are lo
NEW YORK, NY / ACCESSWIRE / August 3, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus Inc.", "Focus", the "Company", "we", "us" or "our"), a leading partnership of independent, fiduciary wealth management firms, today reported results for its second quarter ended June 30, 2023.Second Quarter 2023 HighlightsTotal revenues of $583.8 million, 8.3% growth year over yearOrganic revenue growth(1) rate of 4.9% year over yearGAAP net income of $29.1 millionGAAP basic income and diluted loss per share of Class A common stock of $0.49 and ($0.10), respectivelyAdjusted Net Income Excluding Tax Adjustments(2) of $61.3 million and Tax Adjustments(3) of $17.6 millionAdjusted Net Income Excludin
Focus Finl Partners (NASDAQ:FOCS) reported quarterly earnings of $0.90 per share which missed the analyst consensus estimate of $0.97 by 7.22 percent. This is a 23.73 percent decrease over earnings of $1.18 per share from the same period last year. The company reported quarterly sales of $583.80 million which missed the analyst consensus estimate of $593.55 million by 1.64 percent. This is a 8.27 percent increase over sales of $539.21 million the same period last year.
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Focus Finl Partners (NASDAQ:FOCS) brought in sales totaling $557.51 million during Q1 according to data provided by Benzinga Pro. However, earnings decreased 394.47%, resulting in a loss of $6.98 million. In Q4, Focus Finl Partners brought in $547.68 million in sales but lost $1.41 million in earnings. What Is Return On Capital Employed? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the fut