Bank of New York Mellon Corp Invests $43.81 Million in Korn/Ferry International $KFY

Key Points

• Bank of New York Mellon purchased 658,032 Korn/Ferry International shares worth approximately $43.81 million, acquiring a 1.29% stake. Institutional investors collectively own 98.82% of KFY.
• Analysts maintain a generally positive view, with four Buy ratings and one Hold rating. The stock has a consensus rating of “Moderate Buy” and an average price target of $78.50.
• Korn/Ferry exceeded quarterly expectations, reporting $1.40 EPS and $768.26 million in revenue, up 6.7% year over year. The company also declared a $0.55 quarterly dividend, equivalent to a 2.6% annualized yield.

Bank of New York Mellon Corp purchased a new stake in Korn/Ferry International (NYSE:KFY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 658,032 shares of the business services provider's stock, valued at approximately $43,812,000. Bank of New York Mellon Corp owned 1.29% of Korn/Ferry International at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

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

Korn/Ferry International Price Performance

Shares of NYSE:KFY opened at $84.72 on Friday. The company's 50-day moving average is $78.15 and its 200 day moving average is $69.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $4.35 billion, a P/E ratio of 16.17 and a beta of 1.19. Korn/Ferry International has a fifty-two week low of $58.95 and a fifty-two week high of $86.22.

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

Korn/Ferry International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were paid a dividend of $0.55 per share. The ex-dividend date was Monday, July 6th. This represents a $2.20 annualized dividend and a dividend yield of 2.6%. Korn/Ferry International's dividend payout ratio is presently 41.98%.

About Korn/Ferry International

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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