Principal Financial Group Inc. Lowers Holdings in FTI Consulting, Inc. (NYSE:FCN)

Principal Financial Group Inc. lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 30.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,679 shares of the business services provider's stock after selling 35,141 shares during the period. Principal Financial Group Inc. owned 0.23% of FTI Consulting worth $18,587,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Allegheny Financial Group LTD boosted its position in shares of FTI Consulting by 6.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider's stock valued at $255,000 after acquiring an additional 72 shares during the last quarter. UMB Bank n.a. boosted its holdings in FTI Consulting by 76.6% in the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock valued at $38,000 after purchasing an additional 72 shares during the last quarter. Truist Financial Corp grew its stake in shares of FTI Consulting by 2.1% in the 2nd quarter. Truist Financial Corp now owns 3,757 shares of the business services provider's stock valued at $810,000 after buying an additional 76 shares during the period. Signaturefd LLC increased its holdings in shares of FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock worth $44,000 after buying an additional 81 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its position in shares of FTI Consulting by 1.1% during the 2nd quarter. SkyView Investment Advisors LLC now owns 8,184 shares of the business services provider's stock valued at $1,764,000 after buying an additional 86 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Truist Financial increased their price objective on FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd.

FTI Consulting Stock Performance

Shares of FTI Consulting stock traded down $0.54 on Friday, reaching $192.91. The company had a trading volume of 165,204 shares, compared to its average volume of 185,774. The firm's 50 day moving average price is $201.72 and its two-hundred day moving average price is $214.25. FTI Consulting, Inc. has a 52-week low of $185.93 and a 52-week high of $243.60. The firm has a market cap of $6.93 billion, a PE ratio of 22.17 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm had revenue of $926.00 million during the quarter, compared to analysts' expectations of $946.16 million. During the same period in the previous year, the firm earned $2.34 EPS. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current 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.