FTI Consulting, Inc. (NYSE:FCN) Shares Bought by TD Asset Management Inc

TD Asset Management Inc grew its holdings in FTI Consulting, Inc. (NYSE:FCNFree Report) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,400 shares of the business services provider’s stock after purchasing an additional 600 shares during the quarter. TD Asset Management Inc’s holdings in FTI Consulting were worth $1,673,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Fifth Third Bancorp lifted its stake in FTI Consulting by 23.4% in the 4th quarter. Fifth Third Bancorp now owns 269 shares of the business services provider’s stock valued at $54,000 after buying an additional 51 shares in the last quarter. KB Financial Partners LLC lifted its position in shares of FTI Consulting by 1.0% in the third quarter. KB Financial Partners LLC now owns 5,996 shares of the business services provider’s stock valued at $1,070,000 after acquiring an additional 58 shares in the last quarter. Procyon Advisors LLC boosted its stake in shares of FTI Consulting by 4.9% during the fourth quarter. Procyon Advisors LLC now owns 1,266 shares of the business services provider’s stock valued at $252,000 after acquiring an additional 59 shares during the last quarter. Portside Wealth Group LLC increased its position in FTI Consulting by 5.1% during the 4th quarter. Portside Wealth Group LLC now owns 1,309 shares of the business services provider’s stock worth $261,000 after purchasing an additional 63 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in FTI Consulting by 30.1% in the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 63 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 26th. Truist Financial raised their target price on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Check Out Our Latest Report on FTI Consulting

FTI Consulting Stock Performance

Shares of FCN stock opened at $217.14 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.46 and a current ratio of 2.46. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 25.25 and a beta of 0.08. FTI Consulting, Inc. has a one year low of $171.81 and a one year high of $232.15. The company has a 50 day moving average price of $214.65 and a 200 day moving average price of $208.14.

FTI Consulting (NYSE:FCNGet Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $901.77 million. During the same period last year, the company posted $1.34 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. Sell-side analysts anticipate that FTI Consulting, Inc. will post 8.22 EPS for the current year.

Insider Transactions at FTI Consulting

In other news, insider Paul Alderman Linton sold 16,552 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $216.78, for a total transaction of $3,588,142.56. Following the completion of the sale, the insider now owns 53,416 shares in the company, valued at approximately $11,579,520.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Paul Alderman Linton sold 16,552 shares of FTI Consulting stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $216.78, for a total transaction of $3,588,142.56. Following the transaction, the insider now owns 53,416 shares in the company, valued at approximately $11,579,520.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ajay Sabherwal sold 596 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total transaction of $134,773.48. Following the sale, the chief financial officer now directly owns 13,455 shares of the company’s stock, valued at $3,042,579.15. The disclosure for this sale can be found here. Insiders have sold a total of 51,088 shares of company stock worth $11,163,977 in the last three months. 2.51% of the stock is currently owned by company insiders.

FTI Consulting Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)

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