Charles Schwab Investment Management Inc. Has $83.87 Million Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Charles Schwab Investment Management Inc. lifted its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 438,808 shares of the business services provider's stock after purchasing an additional 8,032 shares during the period. Charles Schwab Investment Management Inc. owned about 1.22% of FTI Consulting worth $83,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FCN. Prospera Private Wealth LLC purchased a new stake in FTI Consulting in the 3rd quarter worth $34,000. Wilmington Savings Fund Society FSB bought a new position in shares of FTI Consulting during the third quarter valued at approximately $35,000. Quarry LP raised its holdings in FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider's stock worth $37,000 after purchasing an additional 125 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of FTI Consulting during the 3rd quarter valued at $38,000. Finally, Jones Financial Companies Lllp boosted its stake in FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after purchasing an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Down 1.1 %

Shares of NYSE:FCN traded down $1.83 during trading on Wednesday, reaching $161.36. The stock had a trading volume of 138,734 shares, compared to its average volume of 193,744. The stock has a market cap of $5.80 billion, a P/E ratio of 20.72 and a beta of 0.14. FTI Consulting, Inc. has a fifty-two week low of $150.01 and a fifty-two week high of $243.60. The business has a fifty day moving average price of $185.38 and a 200-day moving average price of $201.96.

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FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.73 by ($0.17). The business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on FCN. StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a report on Friday, February 21st. The Goldman Sachs Group lowered their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Finally, Truist Financial reduced their target price on shares of FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, February 21st.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.