Stifel Financial Corp Purchases 535 Shares of FTI Consulting, Inc. (NYSE:FCN)

by · The Cerbat Gem

Stifel Financial Corp raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN – Free Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,630 shares of the business services provider’s stock after purchasing an additional 535 shares during the quarter. Stifel Financial Corp’s holdings in FTI Consulting were worth $11,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of FCN. Barclays PLC grew its holdings in FTI Consulting by 160.8% during the 3rd quarter. Barclays PLC now owns 25,929 shares of the business services provider’s stock valued at $5,901,000 after buying an additional 15,986 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in FTI Consulting by 2.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 8,407 shares of the business services provider’s stock worth $1,913,000 after acquiring an additional 223 shares during the period. Sanctuary Advisors LLC lifted its stake in FTI Consulting by 6.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 5,891 shares of the business services provider’s stock worth $1,341,000 after purchasing an additional 333 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in FTI Consulting in the 3rd quarter valued at $35,000. Finally, Synovus Financial Corp grew its position in shares of FTI Consulting by 5.5% during the 3rd quarter. Synovus Financial Corp now owns 4,710 shares of the business services provider’s stock valued at $1,072,000 after purchasing an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Up 0.9 %

NYSE FCN opened at $165.32 on Friday. The stock’s 50-day simple moving average is $166.37 and its two-hundred day simple moving average is $189.32. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 21.19 and a beta of 0.21.

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 the consensus estimate of $1.73 by ($0.17). The firm had revenue of $894.92 million during the quarter, compared to analysts’ expectations of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. On average, equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FCN has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Truist Financial lowered FTI Consulting from a “buy” rating to a “hold” rating and cut their price objective for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd. Finally, StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd.

View Our Latest Analysis on FTI Consulting

FTI Consulting Company Profile

(Free Report)

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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