Hsbc Holdings PLC Trims Stock Position in Korn Ferry (NYSE:KFY)

Hsbc Holdings PLC reduced its holdings in Korn Ferry (NYSE:KFY - Free Report) by 76.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,650 shares of the business services provider's stock after selling 28,370 shares during the period. Hsbc Holdings PLC's holdings in Korn Ferry were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in Korn Ferry by 193.9% during the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider's stock valued at $32,050,000 after acquiring an additional 281,024 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Korn Ferry by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 271,969 shares of the business services provider's stock worth $20,463,000 after acquiring an additional 14,601 shares during the last quarter. Blue Trust Inc. boosted its holdings in Korn Ferry by 44.8% during the 4th quarter. Blue Trust Inc. now owns 3,204 shares of the business services provider's stock valued at $216,000 after acquiring an additional 991 shares during the period. Allianz Asset Management GmbH grew its position in Korn Ferry by 14.2% in the 4th quarter. Allianz Asset Management GmbH now owns 753,414 shares of the business services provider's stock valued at $50,818,000 after acquiring an additional 93,591 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Korn Ferry by 202.4% in the fourth quarter. SG Americas Securities LLC now owns 9,552 shares of the business services provider's stock worth $644,000 after purchasing an additional 6,393 shares during the period. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn Ferry Stock Down 0.8 %

Shares of NYSE:KFY traded down $0.52 during trading hours on Friday, hitting $66.07. The company's stock had a trading volume of 204,145 shares, compared to its average volume of 376,683. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The firm's fifty day moving average price is $64.49 and its 200 day moving average price is $68.46. Korn Ferry has a 52 week low of $59.23 and a 52 week high of $80.64. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 14.12 and a beta of 1.41.

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

Korn Ferry Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were issued a $0.48 dividend. This is a boost from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's dividend payout ratio (DPR) is currently 41.29%.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price target on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research note 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.