Legal & General Group Plc Makes New Investment in FTI Consulting, Inc. $FCN

Key Points

• Legal & General Group Plc purchased 43,063 shares of FTI Consulting during the second quarter, worth approximately $6.4 million and representing about 0.16% of the company. Institutional investors collectively own 99.36% of FCN.
• FTI Consulting reported quarterly revenue of $993.46 million, up 5.3% year over year, while earnings per share of $2.16 narrowly missed analysts’ $2.17 estimate. The company provided fiscal 2026 EPS guidance of $8.70 to $9.30.
• The board authorized a $370 million stock repurchase program, allowing buybacks of up to 7.9% of outstanding shares. Analysts maintain a consensus “Hold” rating with an average price target of $174.50, compared with a recent share price of $149.96.

Legal & General Group Plc purchased a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 43,063 shares of the business services provider's stock, valued at approximately $6,417,000. Legal & General Group Plc owned about 0.16% of FTI Consulting as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FCN. IFP Advisors Inc boosted its stake in FTI Consulting by 1,666.7% in the fourth quarter. IFP Advisors Inc now owns 159 shares of the business services provider's stock valued at $27,000 after buying an additional 150 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in FTI Consulting by 1,278.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 193 shares of the business services provider's stock worth $31,000 after acquiring an additional 179 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of FTI Consulting in the first quarter worth about $33,000. Global Retirement Partners LLC bought a new position in shares of FTI Consulting in the fourth quarter worth about $41,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of FTI Consulting by 405.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 263 shares of the business services provider's stock valued at $45,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Price Performance

FTI Consulting stock opened at $149.96 on Thursday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $4.14 billion, a PE ratio of 18.13 and a beta of -0.05. FTI Consulting, Inc. has a 12 month low of $137.65 and a 12 month high of $189.30. The stock has a 50-day moving average price of $155.22 and a two-hundred day moving average price of $161.45.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.01). FTI Consulting had a net margin of 6.44% and a return on equity of 15.91%. The firm had revenue of $993.46 million for the quarter, compared to analyst estimates of $992.75 million. During the same period in the previous year, the business posted $2.13 earnings per share. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. Analysts expect that FTI Consulting, Inc. will post 9.25 EPS for the current year.

FTI Consulting declared that its Board of Directors has initiated a stock buyback plan on Friday, June 5th that allows the company to repurchase $370.00 million in shares. This repurchase authorization allows the business services provider to purchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FCN shares. The Goldman Sachs Group set a $169.00 price objective on shares of FTI Consulting in a research report on Tuesday, May 19th. Weiss Ratings lowered shares of FTI Consulting from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, FTI Consulting presently has a consensus rating of "Hold" and an average price target of $174.50.

FTI Consulting Profile

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.

Want to see what other hedge funds are holding FCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTI Consulting, Inc. (NYSE:FCN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source