Northwestern Mutual Wealth Management Co. Sells 162 Shares of FTI Consulting, Inc. (NYSE:FCN)

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 34.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306 shares of the business services provider’s stock after selling 162 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in FTI Consulting were worth $66,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Creative Planning raised its holdings in FTI Consulting by 28.7% in the second quarter. Creative Planning now owns 5,667 shares of the business services provider’s stock worth $1,221,000 after purchasing an additional 1,264 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in FTI Consulting by 1.1% in the second quarter. SkyView Investment Advisors LLC now owns 8,184 shares of the business services provider’s stock valued at $1,764,000 after acquiring an additional 86 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in FTI Consulting by 496.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 16,544 shares of the business services provider’s stock worth $3,566,000 after purchasing an additional 13,769 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of FTI Consulting by 284.1% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 179 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of FTI Consulting in the 2nd quarter worth $719,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the transaction, the director now owns 26,099 shares in the company, valued at $5,927,604.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. William Blair reissued an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th. Finally, Truist Financial boosted their price target on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

FTI Consulting Price Performance

NYSE:FCN opened at $223.49 on Friday. The firm’s fifty day moving average is $222.97 and its two-hundred day moving average is $218.30. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 25.99 and a beta of 0.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. FTI Consulting, Inc. has a one year low of $181.25 and a one year high of $243.60.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, July 25th. The business services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. The firm had revenue of $949.16 million for the quarter, compared to the consensus estimate of $938.67 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 earnings per share. Research analysts expect that FTI Consulting, Inc. will post 8.48 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.