Ameriprise Financial Inc. Sells 30,545 Shares of Korn Ferry (NYSE:KFY)

Ameriprise Financial Inc. reduced its stake in Korn Ferry (NYSE:KFY) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 712,926 shares of the business services provider’s stock after selling 30,545 shares during the period. Ameriprise Financial Inc. owned approximately 1.38% of Korn Ferry worth $48,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Invesco Ltd. grew its stake in shares of Korn Ferry by 5.6% in the 4th quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider’s stock valued at $124,161,000 after purchasing an additional 97,811 shares during the period. Thrivent Financial for Lutherans grew its position in Korn Ferry by 19.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider’s stock worth $76,458,000 after acquiring an additional 184,170 shares during the last quarter. Jennison Associates LLC grew its position in Korn Ferry by 8.1% during the 4th quarter. Jennison Associates LLC now owns 1,067,813 shares of the business services provider’s stock worth $72,024,000 after acquiring an additional 79,808 shares during the last quarter. Victory Capital Management Inc. grew its position in Korn Ferry by 11.5% during the 4th quarter. Victory Capital Management Inc. now owns 888,776 shares of the business services provider’s stock worth $59,948,000 after acquiring an additional 91,461 shares during the last quarter. Finally, Royce & Associates LP grew its position in Korn Ferry by 3.8% during the 4th quarter. Royce & Associates LP now owns 846,195 shares of the business services provider’s stock worth $57,076,000 after acquiring an additional 30,959 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors.

Korn Ferry Stock Down 0.8%

NYSE KFY opened at $66.07 on Monday. The firm has a market cap of $3.41 billion, a PE ratio of 14.12 and a beta of 1.41. Korn Ferry has a one year low of $59.23 and a one year high of $80.64. The stock’s 50 day simple moving average is $64.49 and its 200 day simple moving average is $68.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

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

Korn Ferry Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.48 per share. This is an increase from Korn Ferry’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.92 annualized dividend and a yield of 2.91%. Korn Ferry’s dividend payout ratio is currently 41.29%.

Wall Street Analyst Weigh In

Separately, Truist Financial decreased their price target on Korn Ferry from $84.00 to $80.00 and set a “buy” rating on the stock in a research report 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.