FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,594 shares of the business services provider's stock after buying an additional 8,474 shares during the period. JPMorgan Chase & Co. owned about 0.24% of FTI Consulting worth $16,742,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of FTI Consulting in the third quarter valued at approximately $35,000. Jones Financial Companies Lllp lifted its holdings in FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after purchasing an additional 197 shares in the last quarter. UMB Bank n.a. grew its position in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after purchasing an additional 99 shares during the period. Versant Capital Management Inc increased its stake in shares of 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 purchasing an additional 160 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of FTI Consulting by 127.5% during the 4th 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 last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Wall Street Analyst Weigh In

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

FTI Consulting Trading Up 0.8 %

NYSE FCN traded up $1.39 on Thursday, reaching $165.27. 43,650 shares of the company were exchanged, compared to its average volume of 225,611. The business's fifty day moving average price is $167.50 and its 200 day moving average price is $190.44. The stock has a market capitalization of $5.94 billion, a P/E ratio of 21.18 and a beta of 0.21. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share 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 firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. Equities research 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.