Citigroup Inc. Grows Stock Holdings in Korn Ferry (NYSE:KFY)

Citigroup Inc. lifted its position in shares of Korn Ferry (NYSE:KFY – Get Rating) by 23.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,796 shares of the business services provider’s stock after purchasing an additional 7,251 shares during the period. Citigroup Inc. owned about 0.07% of Korn Ferry worth $1,913,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its position in Korn Ferry by 3.1% in the third quarter. BlackRock Inc. now owns 8,455,249 shares of the business services provider’s stock valued at $396,975,000 after acquiring an additional 253,268 shares during the last quarter. Vanguard Group Inc. lifted its position in Korn Ferry by 4.9% in the third quarter. Vanguard Group Inc. now owns 6,806,189 shares of the business services provider’s stock valued at $319,551,000 after acquiring an additional 318,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Korn Ferry by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,891,201 shares of the business services provider’s stock valued at $135,744,000 after acquiring an additional 10,174 shares during the last quarter. State Street Corp lifted its position in Korn Ferry by 1.8% in the third quarter. State Street Corp now owns 1,792,837 shares of the business services provider’s stock valued at $84,440,000 after acquiring an additional 31,741 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Korn Ferry by 11.7% in the first quarter. Invesco Ltd. now owns 1,783,944 shares of the business services provider’s stock valued at $115,849,000 after acquiring an additional 186,361 shares during the last quarter. 91.61% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Trading Down 1.4 %

NYSE KFY opened at $47.78 on Friday. Korn Ferry has a one year low of $44.69 and a one year high of $66.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.88 and a current ratio of 1.88. The firm’s fifty day moving average is $49.15 and its two-hundred day moving average is $52.46. The firm has a market cap of $2.50 billion, a PE ratio of 10.08 and a beta of 1.50.

Korn Ferry (NYSE:KFY – Get Rating) last issued its quarterly earnings results on Wednesday, March 8th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. Korn Ferry had a net margin of 8.89% and a return on equity of 19.22%. The business had revenue of $686.80 million for the quarter, compared to analyst estimates of $669.56 million. During the same period in the previous year, the business posted $1.59 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Analysts expect that Korn Ferry will post 4.95 earnings per share for the current year.

Korn Ferry Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Tuesday, March 28th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. Korn Ferry’s dividend payout ratio (DPR) is 12.66%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KFY. Robert W. Baird reduced their price target on shares of Korn Ferry from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, March 16th. StockNews.com began coverage on shares of Korn Ferry in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group dropped their price objective on shares of Korn Ferry from $72.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, April 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.

Korn Ferry Profile

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Korn Ferry operates as a global organizational consulting firm, which engages in synchronizing its clients strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.