FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in FTI Consulting, Inc. (NYSE:FCN) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 273,560 shares of the business services provider’s stock after buying an additional 357 shares during the period. Bank of New York Mellon Corp owned 0.76% of FTI Consulting worth $52,285,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new position in shares of FTI Consulting in the 3rd quarter valued at about $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FTI Consulting in the 3rd quarter valued at about $35,000. Quarry LP lifted its stake in shares of FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 125 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of FTI Consulting in the 3rd quarter valued at about $38,000. Finally, UMB Bank n.a. lifted its position in 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 acquiring an additional 99 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Up 0.1 %

FCN stock opened at $169.92 on Thursday. FTI Consulting, Inc. has a 52-week low of $161.24 and a 52-week high of $243.60. The stock’s 50 day moving average is $187.85 and its two-hundred day moving average is $203.94. The company has a market capitalization of $6.10 billion, a PE ratio of 21.78 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data 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). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The business 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 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Truist Financial reduced their price target on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. 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 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.