Principal Financial Group Inc. Sells 5,839 Shares of FTI Consulting, Inc. $FCN

Principal Financial Group Inc. lessened its stake in FTI Consulting, Inc. (NYSE:FCN) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,510 shares of the business services provider’s stock after selling 5,839 shares during the quarter. Principal Financial Group Inc. owned 0.23% of FTI Consulting worth $11,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Quent Capital LLC purchased a new position in FTI Consulting in the third quarter worth about $28,000. Winnow Wealth LLC purchased a new position in FTI Consulting in the 3rd quarter worth approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in FTI Consulting during the 1st quarter valued at $33,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of FTI Consulting by 68.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 270 shares of the business services provider’s stock worth $44,000 after purchasing an additional 110 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of FTI Consulting by 258.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 294 shares of the business services provider’s stock worth $47,000 after purchasing an additional 212 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Down 9.6%

NYSE FCN opened at $156.79 on Thursday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.29. FTI Consulting, Inc. has a 52 week low of $149.31 and a 52 week high of $195.00. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 19.97 and a beta of 0.08. The company has a fifty day moving average of $174.81 and a two-hundred day moving average of $167.80.

FTI Consulting announced that its Board of Directors has initiated a share buyback program on Tuesday, October 21st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 9.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. Finally, Wall Street Zen raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $169.00.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.