US Bancorp DE Purchases 149 Shares of FTI Consulting, Inc. (NYSE:FCN)

US Bancorp DE raised its stake in FTI Consulting, Inc. (NYSE:FCN) by 39.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 528 shares of the business services provider’s stock after purchasing an additional 149 shares during the quarter. US Bancorp DE’s holdings in FTI Consulting were worth $71,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FCN. Standard Family Office LLC grew its stake in shares of FTI Consulting by 25.0% in the first quarter. Standard Family Office LLC now owns 719 shares of the business services provider’s stock worth $101,000 after acquiring an additional 144 shares during the last quarter. Blair William & Co. IL lifted its holdings in FTI Consulting by 2.9% in the first quarter. Blair William & Co. IL now owns 5,944 shares of the business services provider’s stock valued at $833,000 after acquiring an additional 169 shares during the period. Alps Advisors Inc. lifted its holdings in FTI Consulting by 6.9% in the first quarter. Alps Advisors Inc. now owns 2,625 shares of the business services provider’s stock valued at $368,000 after acquiring an additional 170 shares during the period. Van ECK Associates Corp bought a new position in FTI Consulting in the first quarter valued at about $26,000. Finally, Huntington National Bank raised its stake in shares of FTI Consulting by 30.9% in the second quarter. Huntington National Bank now owns 936 shares of the business services provider’s stock worth $128,000 after buying an additional 221 shares during the period.

Shares of FCN stock opened at $133.91 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a 50 day moving average price of $139.81 and a 200 day moving average price of $139.02. The firm has a market capitalization of $4.59 billion, a P/E ratio of 20.51 and a beta of 0.41. FTI Consulting, Inc. has a 52-week low of $94.87 and a 52-week high of $147.38.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, July 29th. The business services provider reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.22. The business had revenue of $711.49 million during the quarter, compared to analyst estimates of $644.50 million. FTI Consulting had a return on equity of 16.75% and a net margin of 8.81%. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 6.3 EPS for the current year.

Separately, Zacks Investment Research cut FTI Consulting from a “buy” rating to a “hold” rating and set a $144.00 target price for the company. in a report on Wednesday, June 23rd.

In other news, Director Brenda J. Bacon sold 7,500 shares of FTI Consulting stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $144.26, for a total value of $1,081,950.00. Following the transaction, the director now directly owns 16,248 shares in the company, valued at approximately $2,343,936.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.32% of the company’s stock.

FTI Consulting Company Profile

FTI Consulting, Inc engages in the provision of financial, legal, operational, political and regulatory, reputational and transactional advisory services. It operates through the following segments: Corporate Finance and Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.

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

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