Fifth Third Bancorp Has $54,000 Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Fifth Third Bancorp raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 23.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 269 shares of the business services provider’s stock after purchasing an additional 51 shares during the period. Fifth Third Bancorp’s holdings in FTI Consulting were worth $54,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. KB Financial Partners LLC boosted its position in shares of FTI Consulting by 1.0% in the third quarter. KB Financial Partners LLC now owns 5,996 shares of the business services provider’s stock valued at $1,070,000 after acquiring an additional 58 shares during the period. Procyon Advisors LLC boosted its position in shares of FTI Consulting by 4.9% in the fourth quarter. Procyon Advisors LLC now owns 1,266 shares of the business services provider’s stock valued at $252,000 after acquiring an additional 59 shares during the period. Advisor Partners II LLC boosted its position in shares of FTI Consulting by 2.1% in the first quarter. Advisor Partners II LLC now owns 2,975 shares of the business services provider’s stock valued at $587,000 after acquiring an additional 62 shares during the period. Portside Wealth Group LLC boosted its position in shares of FTI Consulting by 5.1% in the fourth quarter. Portside Wealth Group LLC now owns 1,309 shares of the business services provider’s stock valued at $261,000 after acquiring an additional 63 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of FTI Consulting by 30.1% in the fourth quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

Insiders Place Their Bets

In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the completion of the transaction, the insider now directly owns 44,284 shares in the company, valued at $9,126,932.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the completion of the transaction, the insider now directly owns 44,284 shares in the company, valued at $9,126,932.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brenda J. Bacon acquired 1,120 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, the director now directly owns 15,292 shares of the company’s stock, valued at $3,409,504.32. The disclosure for this purchase can be found here. Insiders sold 36,715 shares of company stock worth $7,617,513 over the last three months. 3.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FCN has been the subject of several research reports. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Wednesday. Truist Financial raised their target price on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd.

FTI Consulting Price Performance

Shares of FCN stock opened at $207.12 on Thursday. The stock has a market cap of $7.36 billion, a P/E ratio of 26.86 and a beta of 0.11. FTI Consulting, Inc. has a one year low of $167.39 and a one year high of $232.15. The stock has a fifty day moving average price of $203.46 and a 200 day moving average price of $203.30.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 22nd. The business services provider reported $2.28 EPS for the quarter, topping the consensus estimate of $1.57 by $0.71. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The firm had revenue of $924.68 million during the quarter, compared to analysts’ expectations of $840.40 million. During the same period last year, the business earned $1.52 earnings per share. FTI Consulting’s quarterly revenue was up 19.4% compared to the same quarter last year. Equities research analysts anticipate that FTI Consulting, Inc. will post 8.15 EPS 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.