Prudential Financial Inc. increased its stake in shares of HFF, Inc. (NYSE:HF) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,425 shares of the financial services provider’s stock after purchasing an additional 31,290 shares during the quarter. Prudential Financial Inc. owned approximately 0.58% of HFF worth $8,879,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisor Group Inc. lifted its stake in shares of HFF by 16.7% during the 2nd quarter. Advisor Group Inc. now owns 3,040 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 434 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of HFF by 9.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,226 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 289 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of HFF during the 2nd quarter worth $129,000. Pinebridge Investments L.P. lifted its stake in shares of HFF by 1.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,675 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 87 shares during the last quarter. Finally, Profund Advisors LLC acquired a new position in HFF during the 2nd quarter valued at about $214,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.
Shares of HFF, Inc. (HF) traded down $0.52 during trading hours on Friday, reaching $45.54. The company had a trading volume of 132,700 shares, compared to its average volume of 165,454. HFF, Inc. has a 12 month low of $25.79 and a 12 month high of $46.45. The firm has a market cap of $1,756.91, a price-to-earnings ratio of 20.42 and a beta of 1.16.
Separately, Zacks Investment Research raised HFF from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. HFF currently has an average rating of “Hold” and an average target price of $38.50.
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In related news, President Joe Thornton, Jr. sold 14,787 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $37.33, for a total transaction of $551,998.71. Following the transaction, the president now directly owns 525,090 shares of the company’s stock, valued at approximately $19,601,609.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Joe Thornton, Jr. sold 36,432 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $37.19, for a total value of $1,354,906.08. Following the transaction, the president now directly owns 525,090 shares in the company, valued at $19,528,097.10. The disclosure for this sale can be found here. Insiders have sold a total of 302,658 shares of company stock worth $11,849,092 over the last ninety days. 5.70% of the stock is currently owned by corporate insiders.
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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