FTI Consulting, Inc. (NYSE:FCN) Stock Holdings Lessened by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 4.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 39,968 shares of the business services provider’s stock after selling 1,754 shares during the quarter. Corebridge Financial Inc.’s holdings in FTI Consulting were worth $7,639,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of FTI Consulting by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider’s stock valued at $681,249,000 after purchasing an additional 23,419 shares during the last quarter. LPL Financial LLC raised its holdings in FTI Consulting by 17.6% during the 4th quarter. LPL Financial LLC now owns 13,764 shares of the business services provider’s stock worth $2,631,000 after buying an additional 2,059 shares during the period. Fox Run Management L.L.C. lifted its stake in FTI Consulting by 54.2% during the fourth quarter. Fox Run Management L.L.C. now owns 3,003 shares of the business services provider’s stock valued at $574,000 after buying an additional 1,055 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of FTI Consulting in the fourth quarter worth about $1,682,000. Finally, Sei Investments Co. increased its position in shares of FTI Consulting by 1.1% in the fourth quarter. Sei Investments Co. now owns 97,705 shares of the business services provider’s stock worth $18,674,000 after acquiring an additional 1,107 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Performance

FCN stock opened at $163.23 on Friday. The firm has a 50 day simple moving average of $178.08 and a 200 day simple moving average of $197.18. FTI Consulting, Inc. has a 52 week low of $158.88 and a 52 week high of $243.60. The stock has a market cap of $5.86 billion, a P/E ratio of 20.93 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last issued 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 company had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. Sell-side analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analyst Upgrades and Downgrades

FCN has been the subject of several research analyst reports. Truist Financial reduced their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Finally, The Goldman Sachs Group lowered their price target on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a report 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.