FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,968 shares of the business services provider’s stock after selling 1,754 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of FTI Consulting worth $7,639,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of FTI Consulting during the third quarter worth about $35,000. Quarry LP boosted its stake in FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 125 shares during the period. True Wealth Design LLC acquired a new position in FTI Consulting during the 3rd quarter valued at about $38,000. Jones Financial Companies Lllp grew its position in FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after purchasing an additional 197 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of 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 during the period. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Price Performance

NYSE FCN opened at $163.23 on Friday. FTI Consulting, Inc. has a 12 month low of $158.88 and a 12 month high of $243.60. The firm has a market capitalization of $5.86 billion, a PE ratio of 20.93 and a beta of 0.14. The company’s 50 day simple moving average is $178.08 and its 200 day simple moving average is $197.18.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FCN shares. The Goldman Sachs Group decreased their price objective on 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 decreased their price target on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th.

FTI Consulting Company 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.