CANADA LIFE ASSURANCE Co Sells 4,269 Shares of Korn Ferry (NYSE:KFY)

CANADA LIFE ASSURANCE Co trimmed its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,931 shares of the business services provider's stock after selling 4,269 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.15% of Korn Ferry worth $5,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC bought a new stake in Korn Ferry in the fourth quarter worth approximately $76,000. Smartleaf Asset Management LLC lifted its position in shares of Korn Ferry by 230.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after acquiring an additional 963 shares during the period. Sterling Capital Management LLC lifted its position in shares of Korn Ferry by 828.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after acquiring an additional 1,491 shares during the period. Venturi Wealth Management LLC bought a new position in Korn Ferry during the fourth quarter worth $122,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Korn Ferry in the fourth quarter worth $162,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Korn Ferry Stock Down 0.5 %

KFY traded down $0.29 during trading on Tuesday, hitting $61.18. 65,217 shares of the company's stock were exchanged, compared to its average volume of 377,506. Korn Ferry has a fifty-two week low of $59.23 and a fifty-two week high of $80.64. The stock has a market cap of $3.16 billion, a P/E ratio of 13.08 and a beta of 1.40. The business's 50 day moving average is $64.65 and its two-hundred day moving average is $68.90. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

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 for the quarter, topping analysts' consensus estimates of $1.13 by $0.06. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company had revenue of $676.50 million for the quarter, compared to analyst estimates of $650.45 million. During the same quarter in the prior year, the business posted $1.07 EPS. The firm's revenue was down .1% compared to the same quarter last year. As a group, equities analysts expect that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were paid a $0.48 dividend. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. The ex-dividend date was Thursday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 3.14%. Korn Ferry's dividend payout ratio is presently 41.29%.

Korn Ferry Company 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.