FTI Consulting, Inc. (NYSE:FCN) Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in FTI Consulting, Inc. (NYSE:FCN) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 438,808 shares of the business services provider’s stock after purchasing an additional 8,032 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.22% of FTI Consulting worth $83,869,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FCN. Asset Management One Co. Ltd. lifted its position 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. Atria Investments Inc lifted its position 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. Axxcess Wealth Management LLC acquired a new stake in FTI Consulting in the third quarter worth approximately $391,000. Crossmark Global Holdings Inc. lifted its position in FTI Consulting by 176.5% in the third quarter. Crossmark Global Holdings Inc. now owns 6,454 shares of the business services provider’s stock worth $1,469,000 after purchasing an additional 4,120 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of FTI Consulting by 82.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 335 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 151 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Down 1.7 %

Shares of NYSE:FCN opened at $166.62 on Tuesday. The company’s fifty day moving average is $186.41 and its two-hundred day moving average is $202.79. FTI Consulting, Inc. has a 12-month low of $161.24 and a 12-month high of $243.60. The company has a market cap of $5.99 billion, a P/E ratio of 21.36 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last announced 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). 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 anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FCN shares. Truist Financial cut their price objective on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group cut their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st.

About FTI Consulting

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.