Truist Financial Corp Lowers Stock Position in FTI Consulting, Inc. $FCN

Truist Financial Corp cut its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,667 shares of the business services provider’s stock after selling 126 shares during the period. Truist Financial Corp’s holdings in FTI Consulting were worth $592,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTI Consulting during the first quarter worth $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in FTI Consulting during the first quarter valued at $33,000. Signaturefd LLC lifted its holdings in FTI Consulting by 65.3% during the first quarter. Signaturefd LLC now owns 205 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 81 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in FTI Consulting by 26.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 76 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in FTI Consulting by 64.2% during the second quarter. GAMMA Investing LLC now owns 394 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 154 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FTI Consulting in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, FTI Consulting presently has an average rating of “Hold” and an average target price of $175.50.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $152.52 on Thursday. The firm has a 50-day simple moving average of $164.33 and a 200-day simple moving average of $164.24. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 21.48 and a beta of 0.16. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $231.65.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.26. The business had revenue of $943.66 million during the quarter, compared to analysts’ expectations of $928.38 million. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.34 earnings per share. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. On average, equities analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

About FTI Consulting

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.