Victory Capital Management Inc. boosted its stake in HFF Inc. (NYSE:HF) by 17.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,992 shares of the company’s stock after buying an additional 1,494 shares during the period. Victory Capital Management Inc.’s holdings in HFF were worth $289,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wesbanco Bank Inc. bought a new stake in HFF during the second quarter valued at approximately $225,000. JPMorgan Chase & Co. boosted its stake in HFF by 5.2% in the second quarter. JPMorgan Chase & Co. now owns 2,015,947 shares of the company’s stock valued at $58,220,000 after buying an additional 99,603 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in HFF by 4.9% in the second quarter. Ameriprise Financial Inc. now owns 184,473 shares of the company’s stock valued at $5,326,000 after buying an additional 8,626 shares in the last quarter. Blair William & Co. IL boosted its stake in HFF by 1.9% in the second quarter. Blair William & Co. IL now owns 80,707 shares of the company’s stock valued at $2,331,000 after buying an additional 1,487 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new stake in HFF during the second quarter valued at approximately $8,496,000. Institutional investors own 84.96% of the company’s stock.
Shares of HFF Inc. (NYSE:HF) traded down 1.88% during trading on Monday, reaching $27.17. 26,509 shares of the company traded hands. The stock’s 50 day moving average price is $27.01 and its 200-day moving average price is $28.80. HFF Inc. has a 12 month low of $21.36 and a 12 month high of $37.75. The stock has a market cap of $1.03 billion, a P/E ratio of 12.65 and a beta of 1.71.
HFF (NYSE:HF) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.10. HFF had a net margin of 16.05% and a return on equity of 44.99%. On average, equities research analysts expect that HFF Inc. will post $2.02 EPS for the current fiscal year.
Several research firms recently commented on HF. Keefe, Bruyette & Woods decreased their price target on shares of HFF from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, July 27th. TheStreet raised shares of HFF from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. Finally, Zacks Investment Research lowered shares of HFF from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
In related news, President Joe Thornton, Jr. sold 36,469 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $29.53, for a total value of $1,076,929.57. Following the completion of the transaction, the president now directly owns 746,417 shares in the company, valued at approximately $22,041,694.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Joe Thornton, Jr. sold 3,184 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $27.67, for a total value of $88,101.28. Following the completion of the transaction, the president now owns 529,772 shares of the company’s stock, valued at $14,658,791.24. The disclosure for this sale can be found here. 7.40% of the stock is owned by insiders.
HFF, Inc is a provider of commercial real estate and capital markets services to both the users and providers of capital in the United States commercial real estate industry. The Company offers capital markets services, including debt placement; investment sales; distressed debt and real estate owned advisory services; equity placement; investment banking and advisory services; loan sales, and commercial loan servicing.
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