1,067 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by National Wealth Management Group LLC

National Wealth Management Group LLC bought a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,067 shares of the business services provider’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CIBC Asset Management Inc boosted its position in FTI Consulting by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 55 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of FTI Consulting by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock valued at $657,000 after acquiring an additional 85 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of FTI Consulting by 3.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock worth $457,000 after acquiring an additional 89 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of FTI Consulting by 59.6% in 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 during the period. Finally, Axxcess Wealth Management LLC lifted its position in FTI Consulting by 6.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 103 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $164.00 on Wednesday. FTI Consulting, Inc. has a 1 year low of $158.88 and a 1 year high of $243.60. The firm has a market cap of $5.89 billion, a P/E ratio of 21.03 and a beta of 0.14. The stock has a fifty day moving average price of $176.37 and a two-hundred day moving average price of $195.67.

FTI Consulting (NYSE:FCN) last announced its 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). The firm had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on FCN shares. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. The Goldman Sachs Group lowered their price target on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, Truist Financial decreased their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st.

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.