JPMorgan Chase & Co. Has $18.01 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

JPMorgan Chase & Co. increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.8% during the third quarter, Holdings Channel.com reports. The fund owned 79,120 shares of the business services provider’s stock after purchasing an additional 2,860 shares during the quarter. JPMorgan Chase & Co.’s holdings in FTI Consulting were worth $18,005,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its position in shares of FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after purchasing an additional 72 shares in the last quarter. Truist Financial Corp boosted its stake in shares of FTI Consulting by 2.1% in the second quarter. Truist Financial Corp now owns 3,757 shares of the business services provider’s stock valued at $810,000 after buying an additional 76 shares during the period. SkyView Investment Advisors LLC grew its position in FTI Consulting by 1.1% during the second quarter. SkyView Investment Advisors LLC now owns 8,184 shares of the business services provider’s stock worth $1,764,000 after buying an additional 86 shares in the last quarter. Cabot Wealth Management Inc. increased its stake in FTI Consulting by 0.6% during the 3rd quarter. Cabot Wealth Management Inc. now owns 15,271 shares of the business services provider’s stock worth $3,475,000 after acquiring an additional 94 shares during the period. Finally, Portside Wealth Group LLC increased its stake in FTI Consulting by 6.9% during the 3rd quarter. Portside Wealth Group LLC now owns 1,563 shares of the business services provider’s stock worth $356,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Trading Up 0.3 %

NYSE FCN opened at $194.01 on Friday. The firm’s 50 day simple moving average is $197.91 and its 200 day simple moving average is $213.17. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 22.30 and a beta of 0.14. FTI Consulting, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The business had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same period in the prior year, the business posted $2.34 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FCN. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial upped their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th.

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.