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. The company was founded in 2006 and is headquartered in New York, New York.
IPO Year: 2018
Exchange: NASDAQ
Website: focusfinancialpartners.com
| 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 |
| 2/18/2022 | $70.00 → $66.00 | Outperform | Raymond James |
| 12/10/2021 | $77.00 → $85.00 | Outperform | BMO Capital |
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SC 13E3/A - Focus Financial Partners Inc. (0001651052) (Subject)
8-K - Focus Financial Partners Inc. (0001651052) (Filer)
25-NSE/A - Focus Financial Partners Inc. (0001651052) (Subject)
8-K - Focus Financial Partners Inc. (0001651052) (Filer)
10-Q - Focus Financial Partners Inc. (0001651052) (Filer)
8-K - Focus Financial Partners Inc. (0001651052) (Filer)
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
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
Raymond James downgraded Focus Financial from Outperform to Mkt Perform
Oppenheimer downgraded Focus Financial from Outperform to Perform
Morgan Stanley upgraded Focus Financial from Underweight to Equal-Weight and set a new price target of $53.00 from $35.00 previously
BMO Capital Markets downgraded Focus Financial from Outperform to Market Perform and set a new price target of $53.00 from $55.00 previously
Morgan Stanley initiated coverage of Focus Financial with a rating of Underweight and set a new price target of $37.00
Raymond James reiterated coverage of Focus Financial Partners with a rating of Outperform and set a new price target of $66.00 from $70.00 previously
BMO Capital reiterated coverage of Focus Financial Partners with a rating of Outperform and set a new price target of $85.00 from $77.00 previously
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
4 - Focus Financial Partners Inc. (0001651052) (Issuer)
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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
NEW YORK, NY / ACCESSWIRE / July 31, 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 Padlock Investment Management Inc. ("Padlock"), a portfolio management firm located in Toronto, Ontario, Canada, will join Focus partner firm Dorchester Wealth Management Company ("Dorchester"), headquartered in Montreal, Quebec, Canada. This transaction is expected to close in the third quarter of 2023, subject to customary closing conditions including regulatory approval.Don Lato, through his firm Padlock, provides investment management services
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.
NEW YORK, NY / ACCESSWIRE / June 26, 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 Endurance Wealth Management, Inc. ("Endurance Wealth" or "Endurance"), a registered investment adviser based in Providence, RI will join Focus partner firm Crestwood Advisors Group, LLC ("Crestwood"). The transaction is expected to close in the third quarter of 2023, subject to customary closing conditions.Endurance was founded in 2009 and is led by founder, J. Michael Costello, who will join Crestwood as a Managing Partner. The firm was created to
NEW YORK, NY / ACCESSWIRE / May 12, 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 Madison Wealth Advisors, LLC ("Madison" or "Madison Wealth Advisors"), a registered investment adviser based in Lee's Summit, MO, will join Focus partner firm Buckingham Strategic Wealth, LLC ("Buckingham" or "Buckingham Strategic Wealth"). This transaction is expected to close in the third quarter of 2023, subject to customary closing conditions.Through client-centered advising and evidence-driven investing, Managing Member Douglas F. Clark, PFS an
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 / April 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 first quarter ended March 31, 2023 on the morning of Thursday, May 4, 2023. Focus will simultaneously post a slide presentation with respect to these results under Events in the Investor Relations section of its website www.focusfinancialpartners.com. Rudy Adolf, Founder, CEO and Chairman, and Jim Shanahan, Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time the same day to discuss these results and the Company's business outlook.Conference
NEW YORK, NY / ACCESSWIRE / April 10, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus" or the "Company"), a leading partnership of independent, fiduciary wealth management firms, announced today the expiration of the 40-day "go-shop" period under the terms of the previously announced definitive merger agreement, pursuant to which affiliates of Clayton, Dubilier & Rice, LLC ("CD&R") will acquire Focus for $53.00 per share in an all cash transaction. Funds managed by Stone Point Capital LLC ("Stone Point") have agreed to retain a portion of their investment in Focus and provide new equity financing as part of the proposed transaction. Pursuant to the terms of the merger agreement, t
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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
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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 / April 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 first quarter ended March 31, 2023 on the morning of Thursday, May 4, 2023. Focus will simultaneously post a slide presentation with respect to these results under Events in the Investor Relations section of its website www.focusfinancialpartners.com. Rudy Adolf, Founder, CEO and Chairman, and Jim Shanahan, Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time the same day to discuss these results and the Company's business outlook.Conference
Stockholders to Receive $53 per Share in CashNEW YORK, NY / ACCESSWIRE / February 27, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("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") announced today that Focus and CD&R have entered into a definitive agreement for Focus to be acquired by affiliates of CD&R in an all-cash transaction valued at an enterprise value of over $7 billion.The proposed transaction delivers substantial value to Focus' stockholders, who will receive $53 in cash per share, representing an approximately 36% premium to Focus' 60-day volu
Solid Full-Year Performance, Demonstrating Business Resiliency and Momentum Despite the Challenging Macro EnvironmentNEW YORK, NY / ACCESSWIRE / February 16, 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 fourth quarter and full year ended December 31, 2022.Fourth Quarter 2022 HighlightsTotal revenues of $547.7 million, 4.5% growth year over yearOrganic revenue growth(1) rate of negative 3.5% year over yearGAAP net loss of $1.4 millionGAAP basic income per share of Class A common stock of $0.01 and diluted loss per share of C
NEW YORK, NY / ACCESSWIRE / February 9, 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 fourth quarter and full year ended December 31, 2022 on the morning of Thursday, February 16, 2023. Focus will simultaneously post a slide presentation with respect to these results under Events in the Investor Relations section of its website www.focusfinancialpartners.com. Rudy Adolf, Founder, CEO and Chairman, and Jim Shanahan, Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time the same day to discuss these results and the Company's b
NEW YORK, NY / ACCESSWIRE / November 3, 2022 / 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 third quarter ended September 30, 2022.Third Quarter 2022 HighlightsTotal revenues of $519.9 million, 14.4% growth year over yearOrganic revenue growth(1) rate of 3.4% year over yearGAAP net income of $38.3 millionGAAP basic and diluted net income per share attributable to common shareholders of $0.45 and $0.44, respectivelyAdjusted Net Income Excluding Tax Adjustments(2) of $70.1 million and Tax Adjustments(3) of $16.7 millionAdjusted Net
NEW YORK, NY / ACCESSWIRE / October 20, 2022 / 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 third quarter ended September 30, 2022 on the morning of Thursday, November 3, 2022. Focus will simultaneously post a slide presentation with respect to these results under Events in the Investor Relations section of its website www.focusfinancialpartners.com. Rudy Adolf, Founder, CEO and Chairman, and Jim Shanahan, Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time the same day to discuss these results and the Company's business outlook
NEW YORK, NY / ACCESSWIRE / August 4, 2022 / 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, 2022.Second Quarter 2022 HighlightsTotal revenues of $539.2 million, 26.8% growth year over yearOrganic revenue growth(1) rate of 15.0% year over yearGAAP net income of $49.3 millionGAAP basic and diluted net income per share attributable to common shareholders of $0.51 and $0.50, respectivelyAdjusted Net Income Excluding Tax Adjustments(2) of $81.7 million and Tax Adjustments(3) of $16.0 millionAdjusted Net Inco
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