5 Finance Stocks to Buy Today According to George Soros’ Soros Fund Management

3. Focus Financial Partners Inc. (NASDAQ:FOCS)

Soros Fund Management’s Stake Value: $36.7 million

Percentage of Soros Fund Management’s 13F Portfolio: 0.5%

Number of Hedge Fund Holders: 27

Focus Financial Partners Inc. (NASDAQ:FOCS) is a wealth management firm for high net worth individuals, families, and businesses. It offers services such as tax planning, financial consultancy, investment advice, financial, investment, and insurance products.

Mr. Soros’ hedge fund held a $36.7 million stake in Focus Financial Partners Inc. (NASDAQ:FOCS) during Q4 2021, through owning 615,611 shares. Insider Monkey’s 924 hedge fund survey for the same time period revealed that 27 had owned a stake in the company.

Focus Financial Partners Inc. (NASDAQ:FOCS) reported $523 million in revenue and $1.10 ion non-GAAP EPS for its fiscal fourth quarter, beating analyst estimates for both. Raymond James lowered its price target to $60 from $66 in April 2022, justifying its decision by stating that higher interest rates are likely to increase the company’s expenses.

Focus Financial Partners Inc. (NASDAQ:FOCS)’s largest investor is Scott W. Clark’s Darlington Partners Capital. It owns 1.8 million shares worth $111 million.

Wasatch Global Investors mentioned the company in its Q2 2021 investor letter, outlining that:

“We’re excited about several new portfolio holdings in the Fund. For example, during the second quarter, we purchased Focus Financial Partners, Inc. (FOCS). Focus Financial provides holistic wealthmanagement services. The company offers financial planning, asset allocation, asset management and tax preparation. What we like most about Focus Financial is that the company is taking ownership stakes in independent, ultra-high-networth investment advisory firms around the world. This is attractive for the advisory firms because they: (1) get to continue operating with significant independence; (2) gain access to an expanded menu of top-notch products and services for clients; (3) get to maintain their legacy as a highquality firm; and (4) receive immediate cash in exchange for giving up some ownership. Focus Financial has seen extremely strong revenues and earnings because it has the infrastructure to rapidly grow the investment advisory firms that were started by talented entrepreneurs. Of all businesses, advisory firms achieve some of the best economies of scale due to the fact that fixed costs pale in comparison to asset-based revenues.”