Asset Management One Co. Ltd. Grows Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Asset Management One Co. Ltd. lifted its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 206.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,807 shares of the business services provider's stock after purchasing an additional 11,314 shares during the period. Asset Management One Co. Ltd.'s holdings in FTI Consulting were worth $3,233,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FCN. Creative Planning lifted its stake in shares of FTI Consulting by 10.5% in the 3rd quarter. Creative Planning now owns 6,264 shares of the business services provider's stock worth $1,425,000 after purchasing an additional 597 shares during the period. Blue Trust Inc. lifted its holdings in FTI Consulting by 88.8% during the third quarter. Blue Trust Inc. now owns 1,578 shares of the business services provider's stock valued at $340,000 after purchasing an additional 742 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of FTI Consulting by 3.6% in the third quarter. Raymond James & Associates now owns 143,305 shares of the business services provider's stock worth $32,610,000 after buying an additional 5,044 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of FTI Consulting by 3.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,721 shares of the business services provider's stock worth $847,000 after buying an additional 129 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in FTI Consulting by 629.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 642 shares of the business services provider's stock worth $146,000 after purchasing an additional 554 shares during the last quarter. Institutional investors own 99.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday. Truist Financial cut their price objective on shares of FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday. Finally, StockNews.com cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a research report on Friday.

FTI Consulting Trading Up 0.9 %

Shares of FCN traded up $1.52 during trading hours on Friday, reaching $164.51. 797,670 shares of the company traded hands, compared to its average volume of 208,219. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 21.09 and a beta of 0.15. FTI Consulting, Inc. has a 12-month low of $161.24 and a 12-month high of $243.60. The stock's fifty day moving average price is $192.00 and its 200 day moving average price is $206.78.

FTI Consulting (NYSE:FCN - Get Free Report) last issued 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). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The company had revenue of $894.92 million for the quarter, compared to analysts' expectations of $913.70 million. On average, research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

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.