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

Stifel Financial Corp raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.2% in the third quarter, Holdings Channel.com reports. 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’s holdings in FTI Consulting were worth $13,675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of 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 valued at $241,000 after buying an additional 52 shares during the last quarter. Allegheny Financial Group LTD boosted its holdings in FTI Consulting by 6.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider’s stock worth $255,000 after acquiring an additional 72 shares during the last quarter. UMB Bank n.a. grew its stake in shares of FTI Consulting by 76.6% in the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after acquiring an additional 72 shares in the last quarter. Truist Financial Corp raised its holdings 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 purchasing an additional 76 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 81 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Performance

Shares of NYSE:FCN opened at $202.03 on Wednesday. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The company’s 50-day moving average is $208.73 and its 200 day moving average is $215.96. The company has a market capitalization of $7.26 billion, a P/E ratio of 23.22 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last released 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 company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same period in the prior year, the company earned $2.34 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. As a group, research analysts predict that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Truist Financial increased their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd.

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.