Russell Investments Group Ltd. Has $6.81 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

Russell Investments Group Ltd. increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,616 shares of the business services provider’s stock after acquiring an additional 2,983 shares during the period. Russell Investments Group Ltd.’s holdings in FTI Consulting were worth $6,807,000 as of its most recent SEC filing.

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

FTI Consulting Price Performance

Shares of FTI Consulting stock opened at $164.46 on Monday. The business has a fifty day simple moving average of $169.21 and a two-hundred day simple moving average of $191.21. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $243.60. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 21.08 and a beta of 0.21.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The company had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. As a group, equities analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FCN. Truist Financial cut shares of FTI Consulting from a “buy” rating to a “hold” rating and decreased their target price for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, February 21st.

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.