FTI Consulting, Inc. $FCN Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in FTI Consulting by 5.4% during the first quarter, owning 291,600 shares valued at approximately $47.8 million.
• FTI Consulting reported earnings per share of $2.13 for the last quarter, exceeding analysts' expectations of $1.87, while its revenue showed a slight decline of 0.6% year-over-year.
• The stock opened at $168.27 with a market cap of $5.45 billion, reflecting robust investor interest; institutional investors and hedge funds collectively own 99.36% of the company.

Ameriprise Financial Inc. increased its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 291,600 shares of the business services provider's stock after purchasing an additional 14,898 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.85% of FTI Consulting worth $47,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FCN. Victory Capital Management Inc. grew its stake in FTI Consulting by 11.0% in the first quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock worth $254,288,000 after purchasing an additional 153,523 shares in the last quarter. Boston Partners raised its stake in FTI Consulting by 67.3% in the first quarter. Boston Partners now owns 226,574 shares of the business services provider's stock worth $37,286,000 after buying an additional 91,182 shares in the last quarter. Northern Trust Corp raised its stake in FTI Consulting by 20.7% in the fourth quarter. Northern Trust Corp now owns 357,614 shares of the business services provider's stock worth $68,351,000 after buying an additional 61,278 shares in the last quarter. Gotham Asset Management LLC lifted its holdings in FTI Consulting by 356.5% during the fourth quarter. Gotham Asset Management LLC now owns 63,325 shares of the business services provider's stock worth $12,103,000 after buying an additional 49,452 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in FTI Consulting by 135.9% during the 1st quarter. Russell Investments Group Ltd. now owns 84,032 shares of the business services provider's stock valued at $13,788,000 after acquiring an additional 48,416 shares in the last quarter. Institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Up 0.2%

Shares of FCN traded up $0.39 during trading hours on Friday, hitting $168.57. The company had a trading volume of 208,972 shares, compared to its average volume of 291,435. The company has a market capitalization of $5.45 billion, a PE ratio of 23.74 and a beta of 0.21. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $231.65. The company's fifty day moving average price is $166.45 and its two-hundred day moving average price is $165.33.

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

FTI Consulting Company 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.