Bank of New York Mellon Corp Has $40.99 Million Stock Position in Korn/Ferry International $KFY

Key Points

• Bank of New York Mellon Corp increased its stake in Korn/Ferry International by 5.0% in the first quarter, holding 651,148 shares worth about $40.99 million as of its latest SEC filing.
• Several other institutional investors also adjusted positions in KFY, and institutional ownership stands at 98.82% of the company’s stock.
• Korn/Ferry reported better-than-expected quarterly results with EPS of $1.40 and revenue of $768.26 million, while analysts currently rate the stock a Moderate Buy with a consensus target price of $78.50.

Bank of New York Mellon Corp boosted its stake in shares of Korn/Ferry International (NYSE:KFY - Free Report) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 651,148 shares of the business services provider's stock after acquiring an additional 31,208 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.25% of Korn/Ferry International worth $40,990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Korn/Ferry International by 22.7% during the 1st quarter. Royal Bank of Canada now owns 11,413 shares of the business services provider's stock worth $775,000 after buying an additional 2,112 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Korn/Ferry International by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,567 shares of the business services provider's stock valued at $2,073,000 after buying an additional 1,009 shares during the period. Millennium Management LLC raised its position in shares of Korn/Ferry International by 566.9% during the first quarter. Millennium Management LLC now owns 124,786 shares of the business services provider's stock worth $8,464,000 after acquiring an additional 106,076 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Korn/Ferry International during the first quarter worth $231,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Korn/Ferry International by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 172,556 shares of the business services provider's stock valued at $11,704,000 after acquiring an additional 11,020 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KFY. Weiss Ratings upgraded Korn/Ferry International from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded shares of Korn/Ferry International from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Robert W. Baird raised their target price on shares of Korn/Ferry International from $84.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, June 24th. UBS Group raised their target price on shares of Korn/Ferry International from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, June 24th. Finally, Truist Financial lifted their price target on shares of Korn/Ferry International from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Korn/Ferry International has a consensus rating of "Moderate Buy" and a consensus target price of $78.50.

Korn/Ferry International Stock Performance

Shares of KFY stock opened at $78.28 on Friday. The stock has a market cap of $3.98 billion, a PE ratio of 14.94 and a beta of 1.21. The stock has a 50-day moving average of $71.72 and a 200-day moving average of $67.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94. Korn/Ferry International has a one year low of $58.95 and a one year high of $79.97.

Korn/Ferry International (NYSE:KFY - Get Free Report) last released its quarterly earnings data on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The business had revenue of $768.26 million for the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. Korn/Ferry International's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 EPS. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. As a group, sell-side analysts expect that Korn/Ferry International will post 5.75 earnings per share for the current year.

Korn/Ferry International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, July 6th. Korn/Ferry International's dividend payout ratio (DPR) is presently 41.98%.

Korn/Ferry International Company Profile

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company's core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.

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