Virtu Financial LLC Makes New Investment in FTI Consulting, Inc. (NYSE:FCN)

Virtu Financial LLC purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,103 shares of the business services provider’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc grew its position in FTI Consulting by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock valued at $207,000 after buying an additional 55 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of FTI Consulting by 2.5% during the 4th 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 last quarter. Sequoia Financial Advisors LLC grew its position in shares of FTI Consulting by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 89 shares during the period. UMB Bank n.a. increased its stake in shares of FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after purchasing an additional 99 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in FTI Consulting by 6.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider’s stock worth $348,000 after purchasing an additional 103 shares during the period. 99.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FCN shares. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. The Goldman Sachs Group cut their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Truist Financial decreased 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 note on Friday, February 21st.

FTI Consulting Stock Down 0.7 %

Shares of FTI Consulting stock opened at $162.28 on Friday. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 20.80 and a beta of 0.14. The stock’s 50-day simple moving average is $177.51 and its 200-day simple moving average is $196.64. FTI Consulting, Inc. has a 52 week low of $158.88 and a 52 week high of $243.60.

FTI Consulting (NYSE:FCN) last released 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). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The company had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. On average, equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

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.