Toronto Dominion Bank Grows Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Toronto Dominion Bank boosted its stake in FTI Consulting, Inc. (NYSE:FCN) by 34.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,045 shares of the business services provider’s stock after buying an additional 1,033 shares during the period. Toronto Dominion Bank’s holdings in FTI Consulting were worth $920,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FCN. Mawer Investment Management Ltd. raised its position in shares of FTI Consulting by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after purchasing an additional 123,177 shares during the last quarter. State Street Corp grew its holdings in FTI Consulting by 2.7% during the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after purchasing an additional 28,105 shares during the period. Dimensional Fund Advisors LP raised its position in shares of FTI Consulting by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock valued at $149,164,000 after purchasing an additional 39,271 shares during the period. Geode Capital Management LLC grew its position in shares of FTI Consulting by 2.4% during the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after purchasing an additional 16,171 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in shares of FTI Consulting by 7.7% in the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock worth $108,099,000 after buying an additional 34,144 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

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

FTI Consulting Price Performance

Shares of FCN stock opened at $199.19 on Tuesday. FTI Consulting, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60. The business has a fifty day moving average of $206.69 and a 200 day moving average of $215.49. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 22.90 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The company had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. During the same quarter last year, the company earned $2.34 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

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.