M&T Bank Corp Has $2 Million Position in FTI Consulting, Inc. (NYSE:FCN)

M&T Bank Corp trimmed its position in FTI Consulting, Inc. (NYSE:FCN) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,063 shares of the business services provider’s stock after selling 1,318 shares during the quarter. M&T Bank Corp’s holdings in FTI Consulting were worth $2,004,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FCN. Fifth Third Bancorp boosted its position in shares of FTI Consulting by 37.1% in the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 59 shares during the period. Tompkins Financial Corp acquired a new position in shares of FTI Consulting during the 4th quarter worth approximately $40,000. Blue Trust Inc. increased its holdings in shares of FTI Consulting by 30.1% during the fourth quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after purchasing an additional 63 shares during the period. GAMMA Investing LLC acquired a new stake in shares of FTI Consulting in the fourth quarter valued at approximately $57,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of FTI Consulting by 20.8% in the third quarter. Parkside Financial Bank & Trust now owns 412 shares of the business services provider’s stock valued at $74,000 after buying an additional 71 shares during the period. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Down 0.4 %

Shares of FCN opened at $218.36 on Friday. The firm has a 50 day simple moving average of $209.21 and a two-hundred day simple moving average of $207.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 2.46. FTI Consulting, Inc. has a one year low of $171.81 and a one year high of $232.15. The company has a market cap of $7.80 billion, a P/E ratio of 25.39 and a beta of 0.10.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.47. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The business had revenue of $928.60 million during the quarter, compared to the consensus estimate of $901.77 million. During the same period in the prior year, the company earned $1.34 EPS. FTI Consulting’s revenue for the quarter was up 15.1% on a year-over-year basis. Research analysts forecast that FTI Consulting, Inc. will post 8.22 EPS for the current fiscal year.

Insider Transactions at FTI Consulting

In related news, Director Brenda J. Bacon purchased 1,120 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, with a total value of $249,715.20. Following the acquisition, the director now owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Gerard E. Holthaus sold 1,492 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $221.14, for a total value of $329,940.88. Following the completion of the transaction, the director now directly owns 67,314 shares in the company, valued at approximately $14,885,817.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brenda J. Bacon acquired 1,120 shares of FTI Consulting stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the transaction, the director now directly owns 15,292 shares in the company, valued at $3,409,504.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 54,759 shares of company stock valued at $11,535,597. 2.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FCN shares. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 26th. Finally, Truist Financial increased their price objective on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd.

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.