Congress Wealth Management LLC DE Has $8.27 Million Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Congress Wealth Management LLC DE decreased its stake in FTI Consulting, Inc. (NYSE:FCN) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,246 shares of the business services provider’s stock after selling 460 shares during the quarter. Congress Wealth Management LLC DE’s holdings in FTI Consulting were worth $8,266,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in FTI Consulting during the 3rd quarter valued at $35,000. Quarry LP lifted its stake in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. True Wealth Design LLC acquired a new stake in FTI Consulting during the 3rd quarter worth about $38,000. Jones Financial Companies Lllp grew its stake in FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 197 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings 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 valued at $51,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Up 0.2 %

FCN stock opened at $161.17 on Wednesday. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 20.66 and a beta of 0.14. The firm has a 50 day moving average of $179.30 and a two-hundred day moving average of $197.66. FTI Consulting, Inc. has a 12 month low of $158.88 and a 12 month high of $243.60.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Truist Financial lowered their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th.

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.