Who Owns FTI Consulting Company?

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Who Really Controls FTI Consulting?

Ever wondered who calls the shots at a global powerhouse like FTI Consulting? The ownership structure of any company is a crucial element, influencing everything from its strategic decisions to its financial performance. Understanding the evolution of ownership, especially after significant events like an IPO, unveils the power dynamics at play. This deep dive explores the fascinating journey of FTI Consulting SWOT Analysis.

Who Owns FTI Consulting Company?

From its humble beginnings to its current status as a leading global advisory firm, FTI Consulting's ownership has undergone significant transformations. This analysis will examine the firm's FTI Consulting ownership and its evolution, from its founders to its present-day institutional investors and key stakeholders. Knowing who owns FTI Consulting provides valuable insights into its governance, strategic priorities, and its ability to navigate the complexities of the global business landscape. We'll explore the FTI Consulting parent company and the influence of FTI Consulting shareholders.

Who Founded FTI Consulting?

The story of FTI Consulting began in 1982. It was founded by Joseph Reynolds and Daniel Luczak, initially operating as Forensic Technologies International. Their focus was on assisting legal professionals with complex technological evidence.

Daniel Luczak played a key role, serving as chairman from 1992 to 1998. The company's early days were marked by a specific vision: helping courts understand intricate technical details. This was achieved through innovative computer models and expert witness services.

FTI Consulting's journey took a significant turn in May 1996. The company went public, raising $11.1 million through an initial public offering (IPO) on the NASDAQ. Shares were initially priced at $8.50 each. This move made FTI Consulting one of the first litigation support companies to be publicly traded.

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Early Ownership Insights

The IPO marked a shift in , moving from private to public ownership. While the exact ownership percentages of the founders and early investors aren't available in the provided information, the IPO introduced new regulations regarding shareholding. These included aspects like lock-up periods for early investors and founders, though specific details of these early arrangements are not specified.

  • The IPO in May 1996 was a significant milestone for FTI Consulting.
  • The company's stock debuted on the NASDAQ at $8.50 per share.
  • The IPO raised a total of $11.1 million.
  • The transition to a publicly traded company brought new rules about shareholding.

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How Has FTI Consulting’s Ownership Changed Over Time?

The evolution of FTI Consulting's ownership has been marked by key milestones since its inception. Initially known as Forensic Technologies International, the company went public in May 1996. The rebranding to FTI Consulting in 1998 and its subsequent listing on the New York Stock Exchange (NYSE) under the ticker FCN in 1999, significantly broadened its investor base. This transition from a private to a publicly traded company was a pivotal moment, shaping its ownership structure and paving the way for future growth. For a deeper dive into the company's origins, you can explore the Brief History of FTI Consulting.

The ownership structure of FTI Consulting is now predominantly institutional. As of early 2025, institutional investors hold approximately 96.83% of the company's stock. Insiders own about 4.25%, while retail investors hold a negligible portion. Another source indicates that institutional investors own approximately 92.31% of the company's stock, with insiders holding 1.81%, and public companies and individual investors holding 5.88%. These figures highlight the substantial influence of institutional investors on the company's strategic direction and governance.

Shareholder Shares Held (as of Dec 31, 2024) Percentage of Ownership
Mawer Investment Management Ltd. 4.066 million 11.62%
The Vanguard Group, Inc. 3.556 million 10.16%
Kayne Anderson Rudnick Investment Management, LLC 3.386 million 9.68%
BlackRock Institutional Trust Company, N.A. 2.852 million 8.15%

Changes in shareholding among major institutional investors are common. For example, in Q4 2024, PACER ADVISORS, INC. increased its portfolio significantly, adding 513,549 shares, while PRICE T ROWE ASSOCIATES INC /MD/ reduced its holdings by 54.9%, or 831,045 shares. These shifts demonstrate the dynamic nature of FTI Consulting's ownership and the continuous portfolio adjustments made by large investment firms. The significant institutional ownership underscores the influence these investors have on major decisions within the company.

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Key Takeaways on FTI Consulting Ownership

FTI Consulting's ownership is largely institutional, with a small percentage held by insiders and a negligible amount by retail investors.

  • Institutional investors like Mawer Investment Management Ltd., The Vanguard Group, Inc., and BlackRock Institutional Trust Company, N.A. hold significant stakes.
  • Shareholder positions change over time, reflecting portfolio adjustments by large investment firms.
  • The concentration of ownership in institutional hands gives these entities considerable influence over the company's strategic direction.
  • Understanding the ownership structure is crucial for assessing FTI Consulting's governance and potential future performance.

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Who Sits on FTI Consulting’s Board?

The current FTI Consulting board of directors plays a vital role in the company's governance, supervising its strategic direction and representing shareholder interests. As of March 25, 2025, the board expanded from nine to eleven directors with the election of Eric T. Steigerwalt and Janet H. Zelenka as independent directors. Gerard E. Holthaus serves as the non-executive Chairman of the Board. Steven H. Gunby is the President and Chief Executive Officer.

The addition of independent directors like Mr. Steigerwalt and Ms. Zelenka, who bring expertise in operations, finance, IT, and governance, indicates a focus on diverse knowledge and independent oversight. While a full list of all board members and their specific representation (major shareholders, founders, or independent seats) is not exhaustively detailed, the inclusion of independent directors is a key aspect of the FTI Consulting company structure.

Board Member Title Notes
Gerard E. Holthaus Non-Executive Chairman
Steven H. Gunby President and CEO Largest individual shareholder
Eric T. Steigerwalt Independent Director Elected March 2025
Janet H. Zelenka Independent Director Elected March 2025

FTI Consulting's voting structure generally operates on a one-share-one-vote basis, which is common for publicly traded companies. Steven Henry Gunby is noted as the largest individual FTI Consulting shareholder, owning 283,595 shares, representing 0.83% of the company as of May 1, 2025. There is no indication of dual-class shares, special voting rights, or golden shares that would grant outsized control to specific individuals or entities. The company's SEC filings provide details on security ownership of certain beneficial owners and management, which would outline any significant individual or insider holdings and their associated voting power.

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Voting Power and Shareholder Activism

FTI Consulting's voting structure is based on one share, one vote. Shareholder activism is a growing trend, and companies are increasingly scrutinized on executive compensation and governance issues.

  • The board increased its size to eleven directors in March 2025.
  • Steven H. Gunby is the largest individual shareholder.
  • Activist investors are increasingly using executive compensation to drive corporate change.
  • Companies need to strengthen governance processes.

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What Recent Changes Have Shaped FTI Consulting’s Ownership Landscape?

Over the past few years, the ownership profile of FTI Consulting has seen shifts, primarily driven by institutional holdings and share repurchase programs. As of March 2025, institutional investors held approximately 96.65% of the shares, signaling a stable, institutionally-driven ownership structure. Insider holdings have slightly increased to 1.63% from 1.59%, according to recent data.

The company has been actively involved in share buybacks, which can influence the proportional ownership of remaining shareholders. On April 21, 2025, the Board of Directors authorized an additional $400.0 million for common stock repurchases, bringing the total authorization since June 2, 2016, to $1.7 billion. As of April 22, 2025, FTI Consulting had repurchased 13,299,390 shares at an average price of $85.08 per share, totaling approximately $1.1 billion. Approximately $264.3 million remained available under the program as of March 31, 2025, with an additional $568.3 million remaining after the April 21st authorization.

Metric Value Date
Institutional Ownership 96.65% March 2025
Insider Ownership 1.63% March 2025
Share Repurchase Authorization (since June 2016) $1.7 billion April 21, 2025
Shares Repurchased 13,299,390 April 22, 2025
Average Price Per Share Repurchased $85.08 April 22, 2025
Total Value of Shares Repurchased $1.1 billion April 22, 2025
Remaining Funds Available for Repurchase (as of March 31, 2025) $264.3 million March 31, 2025
Additional Funds Available After New Authorization $568.3 million April 21, 2025

In 2024, FTI Consulting reported strong financial results, with revenues of $3.699 billion and net income of $280.1 million, which can influence investor sentiment and ownership trends. The company's strategic expansion via acquisitions, such as the 2020 acquisition of Delta Partners, also contributes to its overall value. Industry trends, including the rise in activist investor campaigns, suggest increased scrutiny on corporate governance, which FTI Consulting, as a publicly traded firm, will need to address. For more information about the company's target market, you can read about the Target Market of FTI Consulting.

Icon FTI Consulting Ownership Structure

FTI Consulting's ownership is largely dominated by institutional investors, with insider holdings playing a smaller role. The company's share repurchase programs aim to return value to investors and adjust the ownership structure.

Icon Key Ownership Trends

Share buybacks and acquisitions are key strategies impacting FTI Consulting's ownership. The company's financial performance and the broader industry trends also play a significant role in shaping the ownership landscape.

Icon Impact of Activism

The rise in activist investor campaigns, particularly in the mid-cap sector, increases scrutiny on corporate governance. FTI Consulting is likely to face pressure to enhance governance and address investor concerns.

Icon Financial Performance Influence

Strong financial results, such as the $3.699 billion in revenue and $280.1 million net income in 2024, positively influence investor sentiment and ownership decisions.

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