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

Citigroup Inc. boosted its stake in Korn Ferry (NYSE:KFY) by 88.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 69,185 shares of the business services provider’s stock after acquiring an additional 32,403 shares during the period. Citigroup Inc.’s holdings in Korn Ferry were worth $5,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in shares of Korn Ferry by 112.0% in the second quarter. EverSource Wealth Advisors LLC now owns 388 shares of the business services provider’s stock valued at $29,000 after buying an additional 205 shares in the last quarter. CWM LLC boosted its holdings in Korn Ferry by 97.3% during the 2nd quarter. CWM LLC now owns 890 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 439 shares during the period. Quarry LP grew its position in Korn Ferry by 149.1% in the 2nd quarter. Quarry LP now owns 1,380 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 826 shares in the last quarter. GAMMA Investing LLC increased its stake in Korn Ferry by 28.2% during the second quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock worth $93,000 after purchasing an additional 306 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of Korn Ferry during the second quarter worth about $101,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Korn Ferry Trading Up 0.3 %

Shares of KFY stock opened at $78.60 on Tuesday. Korn Ferry has a fifty-two week low of $51.62 and a fifty-two week high of $80.64. The company has a 50 day moving average price of $73.94 and a 200 day moving average price of $70.42. The stock has a market capitalization of $4.09 billion, a P/E ratio of 22.38 and a beta of 1.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 2.15.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, September 5th. The business services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.12 by $0.06. Korn Ferry had a net margin of 6.68% and a return on equity of 13.73%. The company had revenue of $682.80 million during the quarter, compared to analysts’ expectations of $663.84 million. During the same quarter last year, the company posted $0.99 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. Equities research analysts predict that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, September 19th. This represents a $1.48 annualized dividend and a yield of 1.88%. Korn Ferry’s dividend payout ratio (DPR) is 42.29%.

Insider Buying and Selling at Korn Ferry

In related news, CFO Robert P. Rozek sold 20,921 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $75.53, for a total transaction of $1,580,163.13. Following the completion of the transaction, the chief financial officer now owns 154,535 shares in the company, valued at approximately $11,672,028.55. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Debra J. Perry sold 5,280 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the sale, the director now owns 46,180 shares in the company, valued at approximately $3,384,994. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,201 shares of company stock valued at $6,329,320 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Korn Ferry 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.