Deutsche Bank AG Has $3.04 Million Stock Holdings in Korn Ferry (NYSE:KFY)

Deutsche Bank AG raised its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 51.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,057 shares of the business services provider's stock after purchasing an additional 15,226 shares during the period. Deutsche Bank AG owned about 0.09% of Korn Ferry worth $3,039,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Korn Ferry by 129.0% in the 3rd quarter. Barclays PLC now owns 239,937 shares of the business services provider's stock worth $18,053,000 after purchasing an additional 135,148 shares during the last quarter. Ritholtz Wealth Management bought a new stake in Korn Ferry in the fourth quarter valued at $222,000. HB Wealth Management LLC bought a new position in shares of Korn Ferry during the fourth quarter worth about $219,000. SG Americas Securities LLC increased its holdings in shares of Korn Ferry by 202.4% in the 4th quarter. SG Americas Securities LLC now owns 9,552 shares of the business services provider's stock worth $644,000 after acquiring an additional 6,393 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Korn Ferry by 3.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,571 shares of the business services provider's stock valued at $1,050,000 after purchasing an additional 529 shares during the last quarter. Institutional investors own 98.82% of the company's stock.

Korn Ferry Price Performance

Shares of KFY stock traded down $0.66 during mid-day trading on Monday, hitting $67.49. 252,708 shares of the stock traded hands, compared to its average volume of 377,272. Korn Ferry has a twelve month low of $59.23 and a twelve month high of $80.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 14.42 and a beta of 1.41. The company's 50-day simple moving average is $64.90 and its 200-day simple moving average is $68.07.

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

Korn Ferry Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 27th were paid 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 2.85%. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's dividend payout ratio (DPR) is currently 41.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KFY shares. Wall Street Zen upgraded shares of Korn Ferry from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Truist Financial reduced their price target 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.

About Korn Ferry

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.