Ameriprise Financial Inc. Sells 21,705 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Ameriprise Financial Inc. lowered its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,824 shares of the business services provider's stock after selling 21,705 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.68% of Heidrick & Struggles International worth $6,107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HSII. JPMorgan Chase & Co. grew its stake in shares of Heidrick & Struggles International by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 40,305 shares of the business services provider's stock worth $1,566,000 after purchasing an additional 6,990 shares during the period. SG Americas Securities LLC grew its stake in shares of Heidrick & Struggles International by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 13,650 shares of the business services provider's stock worth $605,000 after purchasing an additional 2,236 shares during the period. Inspire Investing LLC grew its stake in shares of Heidrick & Struggles International by 160.1% during the fourth quarter. Inspire Investing LLC now owns 27,722 shares of the business services provider's stock worth $1,228,000 after purchasing an additional 17,062 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Heidrick & Struggles International during the fourth quarter worth $638,000. Finally, Empowered Funds LLC grew its stake in shares of Heidrick & Struggles International by 2.6% during the fourth quarter. Empowered Funds LLC now owns 190,168 shares of the business services provider's stock worth $8,426,000 after purchasing an additional 4,895 shares during the period. Institutional investors own 90.13% of the company's stock.

Insider Buying and Selling

In related news, CEO Thomas L. Monahan bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $45.55 per share, for a total transaction of $227,750.00. Following the completion of the acquisition, the chief executive officer now owns 144,834 shares of the company's stock, valued at approximately $6,597,188.70. The trade was a 3.58% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.43% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HSII shares. Barrington Research lifted their price objective on Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Truist Financial boosted their target price on Heidrick & Struggles International from $42.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, April 15th.

Heidrick & Struggles International Stock Performance

NASDAQ:HSII traded up $0.03 on Thursday, reaching $43.47. The company's stock had a trading volume of 82,376 shares, compared to its average volume of 153,234. Heidrick & Struggles International, Inc. has a 1-year low of $30.20 and a 1-year high of $49.02. The firm has a market cap of $896.39 million, a PE ratio of 23.50, a PEG ratio of 0.91 and a beta of 0.98. The business's 50-day moving average price is $41.20 and its two-hundred day moving average price is $43.54.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The business services provider reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $287.44 million during the quarter, compared to analysts' expectations of $267.42 million. Heidrick & Struggles International had a return on equity of 12.38% and a net margin of 3.53%. As a group, sell-side analysts expect that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.38%. Heidrick & Struggles International's dividend payout ratio is currently 171.43%.

Heidrick & Struggles International Profile

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.