M&T Bank Corp Buys 2,403 Shares of FTI Consulting, Inc. (NYSE:FCN)

M&T Bank Corp increased its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,442 shares of the business services provider's stock after buying an additional 2,403 shares during the period. M&T Bank Corp's holdings in FTI Consulting were worth $2,569,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings in FTI Consulting by 40.0% in the third quarter. Van ECK Associates Corp now owns 22,250 shares of the business services provider's stock worth $5,106,000 after purchasing an additional 6,358 shares during the period. Asset Management One Co. Ltd. grew its holdings in FTI Consulting by 6.1% in the third quarter. Asset Management One Co. Ltd. now owns 5,493 shares of the business services provider's stock worth $1,250,000 after purchasing an additional 314 shares during the period. Portside Wealth Group LLC grew its holdings in FTI Consulting by 6.9% in the third quarter. Portside Wealth Group LLC now owns 1,563 shares of the business services provider's stock worth $356,000 after purchasing an additional 101 shares during the period. CWA Asset Management Group LLC purchased a new stake in FTI Consulting in the third quarter worth about $23,351,000. Finally, Atria Investments Inc grew its holdings in FTI Consulting by 7.4% in the third quarter. Atria Investments Inc now owns 11,108 shares of the business services provider's stock worth $2,528,000 after purchasing an additional 767 shares during the period. 99.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FCN has been the topic of a number of recent research reports. StockNews.com cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a report on Friday, February 21st. 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 report on Friday, February 21st. Finally, The Goldman Sachs Group cut their price target on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, February 21st.

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FTI Consulting Stock Up 0.7 %

NYSE:FCN opened at $169.87 on Friday. The company's 50 day moving average price is $186.41 and its 200-day moving average price is $202.94. FTI Consulting, Inc. has a 52 week low of $161.24 and a 52 week high of $243.60. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 21.78 and a beta of 0.14.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 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 firm had revenue of $894.92 million for the quarter, compared to analysts' expectations of $913.70 million. As a group, sell-side analysts anticipate 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.

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