Toronto Dominion Bank Has $270,000 Stake in FTI Consulting, Inc. (NYSE:FCN)

Toronto Dominion Bank boosted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 95.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,007 shares of the business services provider’s stock after buying an additional 982 shares during the quarter. Toronto Dominion Bank’s holdings in FTI Consulting were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. IFP Advisors Inc increased its position in FTI Consulting by 83.8% during the third quarter. IFP Advisors Inc now owns 318 shares of the business services provider’s stock worth $47,000 after buying an additional 145 shares during the last quarter. US Bancorp DE grew its position in shares of FTI Consulting by 39.3% in the second quarter. US Bancorp DE now owns 528 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 149 shares during the last quarter. MUFG Americas Holdings Corp acquired a new stake in shares of FTI Consulting in the third quarter valued at about $27,000. Van ECK Associates Corp grew its position in shares of FTI Consulting by 120.4% in the second quarter. Van ECK Associates Corp now owns 410 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 224 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in shares of FTI Consulting by 5.9% in the second quarter. Shell Asset Management Co. now owns 4,107 shares of the business services provider’s stock valued at $561,000 after purchasing an additional 230 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

NYSE FCN opened at $151.30 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a 50-day simple moving average of $148.90 and a 200 day simple moving average of $142.94. FTI Consulting, Inc. has a twelve month low of $105.07 and a twelve month high of $157.86. The stock has a market cap of $5.19 billion, a PE ratio of 21.19 and a beta of 0.39.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, October 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.54. FTI Consulting had a net margin of 9.26% and a return on equity of 17.52%. The business had revenue of $702.23 million during the quarter, compared to analysts’ expectations of $675.03 million. During the same quarter last year, the company earned $1.54 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. Research analysts forecast that FTI Consulting, Inc. will post 6.66 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on FCN. Truist raised their price target on FTI Consulting from $165.00 to $200.00 in a research report on Tuesday. Truist Securities raised their price target on FTI Consulting from $165.00 to $200.00 in a research report on Tuesday.

About FTI Consulting

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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