Ameriprise Financial Inc. Cuts Position in Korn Ferry (NYSE:KFY)

Ameriprise Financial Inc. decreased its stake in Korn Ferry (NYSE:KFY - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 712,926 shares of the business services provider's stock after selling 30,545 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.38% of Korn Ferry worth $48,089,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Korn Ferry by 129.0% in the third quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock worth $18,053,000 after buying an additional 135,148 shares in the last quarter. Franklin Resources Inc. lifted its position in Korn Ferry by 7.1% during the third quarter. Franklin Resources Inc. now owns 25,133 shares of the business services provider's stock worth $1,824,000 after buying an additional 1,663 shares in the last quarter. Principal Financial Group Inc. lifted its position in Korn Ferry by 5.7% during the third quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider's stock worth $20,463,000 after buying an additional 14,601 shares in the last quarter. Heritage Family Offices LLP boosted its stake in Korn Ferry by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider's stock worth $260,000 after buying an additional 259 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in Korn Ferry in the 4th quarter valued at $222,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their price target on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th.

Korn Ferry Trading Up 0.7%

Shares of KFY stock traded up $0.46 during trading on Tuesday, hitting $68.48. 506,905 shares of the stock traded hands, compared to its average volume of 377,453. Korn Ferry has a 52-week low of $59.23 and a 52-week high of $80.64. The firm has a market capitalization of $3.53 billion, a P/E ratio of 14.63 and a beta of 1.41. The firm's fifty day moving average price is $64.62 and its 200-day moving average price is $68.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.06. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The company had revenue of $676.50 million during the quarter, compared to analysts' expectations of $650.45 million. During the same quarter last year, the firm earned $1.07 earnings per share. The firm's quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts forecast that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a yield of 2.80%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's dividend payout ratio is presently 41.29%.

Korn Ferry Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.