Heidrick & Struggles International, Inc. (NASDAQ:HSII) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its stake in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,786 shares of the business services provider's stock after selling 13,561 shares during the quarter. Bank of America Corp DE owned about 0.16% of Heidrick & Struggles International worth $1,408,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HSII. KLP Kapitalforvaltning AS bought a new position in Heidrick & Struggles International during the fourth quarter valued at about $173,000. 4WEALTH Advisors Inc. purchased a new stake in Heidrick & Struggles International in the 4th quarter worth about $365,000. XTX Topco Ltd purchased a new stake in shares of Heidrick & Struggles International during the 4th quarter worth about $405,000. ExodusPoint Capital Management LP purchased a new stake in shares of Heidrick & Struggles International during the 4th quarter worth about $425,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Heidrick & Struggles International during the 4th quarter worth about $445,000. 90.13% of the stock is currently owned by institutional investors.

Heidrick & Struggles International Stock Down 0.1%

Heidrick & Struggles International stock opened at $43.66 on Friday. The stock has a market capitalization of $900.31 million, a price-to-earnings ratio of 23.60, a P/E/G ratio of 0.91 and a beta of 0.98. Heidrick & Struggles International, Inc. has a 12-month low of $30.20 and a 12-month high of $49.02. The stock has a 50-day simple moving average of $41.20 and a 200 day simple moving average of $43.45.

Heidrick & Struggles International (NASDAQ:HSII - Get Free Report) last announced 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 firm 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 anticipate that Heidrick & Struggles International, Inc. will post 2.68 EPS for the current year.

Heidrick & Struggles International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.15 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. Heidrick & Struggles International's dividend payout ratio is presently 171.43%.

Wall Street Analysts Forecast Growth

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

About Heidrick & Struggles International

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.

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