Deutsche Bank AG Boosts Stock Position in Korn Ferry (NYSE:KFY)

Deutsche Bank AG lifted its holdings in Korn Ferry (NYSE:KFY) by 51.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,057 shares of the business services provider’s stock after purchasing an additional 15,226 shares during the quarter. Deutsche Bank AG owned 0.09% of Korn Ferry worth $3,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthfront Advisers LLC purchased a new position in shares of Korn Ferry in the fourth quarter valued at $76,000. Smartleaf Asset Management LLC grew its holdings 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 purchasing an additional 963 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Korn Ferry by 828.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,671 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 1,491 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Korn Ferry in the fourth quarter valued at $122,000. Finally, New Age Alpha Advisors LLC purchased a new position in Korn Ferry during the fourth quarter worth $162,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Korn Ferry Stock Up 0.5%

NYSE KFY opened at $69.03 on Wednesday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $64.89 and a two-hundred day moving average of $68.37. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 14.75 and a beta of 1.41. Korn Ferry has a 52 week low of $59.23 and a 52 week high of $80.64.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Tuesday, March 11th. The business services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.13 by $0.06. The company had revenue of $676.50 million during the quarter, compared to analyst estimates of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. Korn Ferry’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. On average, analysts predict that Korn Ferry will post 4.75 earnings per share for the current year.

Korn Ferry Increases Dividend

The business also recently announced 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 positive change 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 2.78%. The ex-dividend date was Thursday, March 27th. Korn Ferry’s payout ratio is currently 41.29%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price objective on shares of Korn Ferry from $84.00 to $80.00 and set a “buy” rating for the company in a research note 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.