Northern Trust Corp Purchases 74,289 Shares of Korn Ferry (NYSE:KFY)

Northern Trust Corp boosted its stake in shares of Korn Ferry (NYSE:KFY - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 717,268 shares of the business services provider's stock after buying an additional 74,289 shares during the quarter. Northern Trust Corp owned approximately 1.39% of Korn Ferry worth $48,380,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC bought a new stake in shares of Korn Ferry in the 4th quarter worth approximately $76,000. Smartleaf Asset Management LLC raised its stake in shares of Korn Ferry by 230.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after buying an additional 963 shares during the period. Sterling Capital Management LLC lifted its position in shares of Korn Ferry by 828.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider's stock valued at $113,000 after buying an additional 1,491 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Korn Ferry during the fourth quarter worth about $122,000. Finally, New Age Alpha Advisors LLC bought a new position in Korn Ferry in the 4th quarter worth approximately $162,000. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn Ferry Price Performance

Shares of NYSE:KFY traded down $0.52 during trading on Friday, reaching $66.07. The company had a trading volume of 204,145 shares, compared to its average volume of 376,683. The company has a fifty day moving average of $64.49 and a two-hundred day moving average of $68.46. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.41 billion, a P/E ratio of 14.12 and a beta of 1.41. Korn Ferry has a 12 month low of $59.23 and a 12 month high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last released its earnings results 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. Korn Ferry had a return on equity of 14.27% and a net margin of 9.03%. The business had revenue of $676.50 million for the quarter, compared to analysts' expectations of $650.45 million. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The firm's revenue was down .1% on a year-over-year basis. Equities research analysts forecast that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.48 per share. 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 was Thursday, March 27th. Korn Ferry's dividend payout ratio (DPR) is 41.29%.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their price objective on Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th.

Korn Ferry Company Profile

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.