Smith Asset Management Group LP Acquires 49,720 Shares of HFF, Inc. (HF)

Smith Asset Management Group LP raised its stake in shares of HFF, Inc. (NYSE:HF) by 95.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,050 shares of the financial services provider’s stock after buying an additional 49,720 shares during the period. Smith Asset Management Group LP owned 0.26% of HFF worth $3,548,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of HFF by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,880 shares of the financial services provider’s stock valued at $107,000 after buying an additional 90 shares in the last quarter. First Bank & Trust boosted its position in shares of HFF by 4.6% in the first quarter. First Bank & Trust now owns 6,631 shares of the financial services provider’s stock valued at $183,000 after buying an additional 292 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of HFF by 10.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,064 shares of the financial services provider’s stock valued at $195,000 after buying an additional 678 shares in the last quarter. Capstone Asset Management Co. acquired a new position in shares of HFF during the second quarter valued at approximately $216,000. Finally, Mason Street Advisors LLC boosted its position in shares of HFF by 7.4% in the first quarter. Mason Street Advisors LLC now owns 8,224 shares of the financial services provider’s stock valued at $228,000 after buying an additional 567 shares in the last quarter. 87.76% of the stock is owned by institutional investors.

Shares of HFF, Inc. (NYSE:HF) opened at 36.65 on Friday. The stock’s 50 day moving average is $35.67 and its 200 day moving average is $31.39. HFF, Inc. has a 52-week low of $24.84 and a 52-week high of $38.30. The stock has a market capitalization of $1.41 billion, a PE ratio of 16.61 and a beta of 1.21.

HFF (NYSE:HF) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.49 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $137.36 million for the quarter, compared to the consensus estimate of $127.81 million. Equities research analysts expect that HFF, Inc. will post $2.29 earnings per share for the current fiscal year.

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HF has been the subject of several recent research reports. Zacks Investment Research raised shares of HFF from a “sell” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Friday, April 28th. BidaskClub cut shares of HFF from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. ValuEngine raised shares of HFF from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. TheStreet cut shares of HFF from a “b-” rating to a “c” rating in a research report on Wednesday, May 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of HFF in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $34.50.

About HFF

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).

Institutional Ownership by Quarter for HFF (NYSE:HF)

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