Whittier Trust Co. Trims Stake in FTI Consulting, Inc. (NYSE:FCN)

Whittier Trust Co. reduced its position in FTI Consulting, Inc. (NYSE:FCN) by 31.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 882 shares of the business services provider’s stock after selling 407 shares during the quarter. Whittier Trust Co.’s holdings in FTI Consulting were worth $169,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its position in FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock worth $207,000 after purchasing an additional 55 shares during the period. Exchange Traded Concepts LLC increased its position 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 worth $657,000 after acquiring an additional 85 shares during the period. Sequoia Financial Advisors LLC increased 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 period. UMB Bank n.a. increased its position in shares of FTI Consulting by 59.6% during the fourth 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 increased its position in shares of FTI Consulting by 6.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider’s stock worth $348,000 after acquiring an additional 103 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Down 1.2 %

Shares of FCN stock opened at $160.02 on Monday. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 20.52 and a beta of 0.14. The company’s 50 day moving average is $180.70 and its 200 day moving average is $198.49. FTI Consulting, Inc. has a 52-week low of $158.88 and a 52-week high of $243.60.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data 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). The business had revenue of $894.92 million for the quarter, compared to analysts’ expectations of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. Analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on FCN. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday. Truist Financial reduced their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, The Goldman Sachs Group reduced their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock 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.