JPMorgan Chase & Co. Has $18.01 Million Stock Position in FTI Consulting, Inc. (NYSE:FCN)

JPMorgan Chase & Co. boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,120 shares of the business services provider’s stock after purchasing an additional 2,860 shares during the period. JPMorgan Chase & Co. owned 0.22% of FTI Consulting worth $18,005,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Prospera Private Wealth LLC bought a new stake in shares of FTI Consulting during the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB acquired a new position in FTI Consulting during the third quarter worth $35,000. Quarry LP raised its position in FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. UMB Bank n.a. lifted its stake in FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 72 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in FTI Consulting in the third quarter valued at $38,000. 99.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FCN shares. Truist Financial upped their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting Price Performance

Shares of FTI Consulting stock opened at $194.01 on Friday. The business has a fifty day simple moving average of $197.91 and a two-hundred day simple moving average of $213.17. FTI Consulting, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 22.30 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The company had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. During the same quarter in the prior year, the business posted $2.34 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

FTI Consulting 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.