Fiera Capital Corp lessened its holdings in HFF, Inc. (NYSE:HF) by 12.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,877 shares of the financial services provider’s stock after selling 25,883 shares during the quarter. Fiera Capital Corp owned approximately 0.47% of HFF worth $6,289,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in shares of HFF by 48.4% during the second quarter. Alliancebernstein L.P. now owns 81,610 shares of the financial services provider’s stock valued at $2,838,000 after acquiring an additional 26,610 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of HFF by 19.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,064,575 shares of the financial services provider’s stock valued at $176,095,000 after acquiring an additional 817,460 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of HFF by 1.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,675 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 113 shares during the period. Chicago Equity Partners LLC acquired a new position in shares of HFF during the second quarter valued at $3,897,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of HFF during the second quarter valued at $279,000. 87.11% of the stock is owned by hedge funds and other institutional investors.
HFF, Inc. (HF) opened at 37.33 on Friday. The firm has a market cap of $1.44 billion, a P/E ratio of 16.91 and a beta of 1.21. The stock’s 50 day moving average is $37.23 and its 200 day moving average is $32.70. HFF, Inc. has a one year low of $24.84 and a one year high of $38.81.
HFF (NYSE:HF) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. HFF had a return on equity of 40.20% and a net margin of 15.51%. The firm had revenue of $137.36 million for the quarter, compared to analysts’ expectations of $127.81 million. On average, equities research analysts expect that HFF, Inc. will post $2.29 earnings per share for the current year.
Several equities analysts have recently issued reports on HF shares. BidaskClub raised shares of HFF from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of HFF from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, ValuEngine raised shares of HFF from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.50.
HFF Company Profile
HFF, Inc is a holding company. The Company holds the partnership interests in Holliday Fenoglio Fowler, L.P. and HFF Securities L.P. (together, the Operating Partnerships), held through the subsidiary HFF Partnership Holdings, LLC, and all of the outstanding shares of Holliday GP Corp. (Holliday GP).
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