FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,664 shares of the business services provider’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in FTI Consulting were worth $509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its position in FTI Consulting by 5.4% in 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 lifted its position in FTI Consulting by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock worth $657,000 after buying an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in FTI Consulting by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock worth $457,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. lifted its position in FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after buying an additional 99 shares in the last quarter. Finally, Colonial River Investments LLC lifted its position in FTI Consulting by 6.3% in the 4th quarter. Colonial River Investments LLC now owns 1,831 shares of the business services provider’s stock worth $350,000 after buying an additional 108 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Up 0.7 %

Shares of FCN opened at $163.80 on Tuesday. The company’s fifty day moving average is $183.12 and its 200-day moving average is $200.24. FTI Consulting, Inc. has a 12 month low of $158.92 and a 12 month high of $243.60. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 21.00 and a beta of 0.14.

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 net margin of 7.57% and a return on equity of 13.15%. The firm had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. As a group, research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group cut their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Truist Financial dropped their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

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.