JPMorgan Chase & Co. Purchases 8,474 Shares of FTI Consulting, Inc. (NYSE:FCN)

JPMorgan Chase & Co. grew its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,594 shares of the business services provider's stock after purchasing an additional 8,474 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.24% of FTI Consulting worth $16,742,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in FTI Consulting during the 3rd quarter worth approximately $35,000. Jones Financial Companies Lllp raised 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 valued at $47,000 after acquiring an additional 197 shares during the period. UMB Bank n.a. lifted its stake in shares of FTI Consulting by 59.6% during the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after buying an additional 99 shares during the last quarter. Versant Capital Management Inc lifted its position in FTI Consulting by 51.4% during the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock worth $90,000 after acquiring an additional 160 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of FTI Consulting by 127.5% during the fourth quarter. Venturi Wealth Management LLC now owns 762 shares of the business services provider's stock worth $146,000 after purchasing an additional 427 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FCN shares. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Truist Financial cut FTI Consulting from a "buy" rating to a "hold" rating and reduced their price target for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group reduced their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st.

FTI Consulting Stock Down 1.2 %

FTI Consulting stock traded down $2.02 during mid-day trading on Tuesday, reaching $165.08. 240,051 shares of the company's stock were exchanged, compared to its average volume of 225,251. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $243.60. The firm has a market capitalization of $5.93 billion, a PE ratio of 21.16 and a beta of 0.21. The business's fifty day simple moving average is $168.67 and its 200 day simple moving average is $190.80.

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

FTI Consulting Company Profile

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.