Alliancebernstein L.P. Has $2.84 Million Holdings in HFF, Inc. (HF)
Alliancebernstein L.P. boosted its holdings in shares of HFF, Inc. (NYSE:HF) by 48.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 81,610 shares of the financial services provider’s stock after acquiring an additional 26,610 shares during the period. Alliancebernstein L.P. owned 0.21% of HFF worth $2,838,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in HFF by 19.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,064,575 shares of the financial services provider’s stock worth $176,095,000 after acquiring an additional 817,460 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in HFF by 1.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,675 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 113 shares during the period. Chicago Equity Partners LLC acquired a new stake in HFF during the 2nd quarter worth $3,897,000. Wesbanco Bank Inc. acquired a new stake in HFF during the 2nd quarter worth $279,000. Finally, Principal Financial Group Inc. grew its holdings in HFF by 1.0% during the 2nd quarter. Principal Financial Group Inc. now owns 269,919 shares of the financial services provider’s stock worth $9,385,000 after acquiring an additional 2,602 shares during the period. 87.11% of the stock is owned by hedge funds and other institutional investors.
In other news, President Joe Thornton, Jr. sold 8,660 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $37.88, for a total transaction of $328,040.80. Following the completion of the sale, the president now directly owns 494,785 shares in the company, valued at $18,742,455.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark Gibson sold 37,331 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $37.19, for a total transaction of $1,388,339.89. Following the sale, the chief executive officer now owns 518,956 shares of the company’s stock, valued at $19,299,973.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 245,064 shares of company stock valued at $9,280,216. 5.70% of the stock is currently owned by corporate insiders.
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HFF, Inc. (HF) opened at 41.60 on Thursday. The stock has a 50 day moving average of $38.48 and a 200 day moving average of $33.97. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 18.85 and a beta of 1.18. HFF, Inc. has a one year low of $24.84 and a one year high of $41.85.
HFF (NYSE:HF) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.09. HFF had a net margin of 15.51% and a return on equity of 40.20%. The company had revenue of $137.36 million during the quarter, compared to analysts’ expectations of $127.81 million. Equities research analysts predict that HFF, Inc. will post $2.29 EPS for the current fiscal year.
HF has been the subject of a number of analyst reports. BidaskClub raised shares of HFF from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price 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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