Stifel Financial Corp Has $13.68 Million Position in FTI Consulting, Inc. (NYSE:FCN)

Stifel Financial Corp grew its stake in FTI Consulting, Inc. (NYSE:FCN) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,095 shares of the business services provider’s stock after buying an additional 137 shares during the period. Stifel Financial Corp owned 0.17% of FTI Consulting worth $13,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FCN. SG Americas Securities LLC increased its position in FTI Consulting by 298.4% during the 2nd quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock valued at $875,000 after purchasing an additional 3,041 shares during the period. Wedmont Private Capital increased its position in shares of FTI Consulting by 11.5% during the second quarter. Wedmont Private Capital now owns 1,346 shares of the business services provider’s stock worth $296,000 after buying an additional 139 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in FTI Consulting by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider’s stock worth $241,000 after buying an additional 52 shares during the last quarter. DB Fitzpatrick & Co Inc lifted its holdings in FTI Consulting by 135.1% in the second quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock valued at $1,278,000 after buying an additional 3,408 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in FTI Consulting by 325.6% during the second quarter. Assenagon Asset Management S.A. now owns 5,576 shares of the business services provider’s stock valued at $1,202,000 after acquiring an additional 4,266 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Trading Up 1.7 %

FCN opened at $202.03 on Wednesday. The company has a fifty day moving average price of $208.73 and a two-hundred day moving average price of $215.96. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The company has a market cap of $7.26 billion, a P/E ratio of 23.22 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last posted its quarterly 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 return on equity of 14.79% and a net margin of 8.37%. The firm had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. During the same period last year, the company posted $2.34 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FCN shares. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Truist Financial increased their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th.

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.