Ameriprise Financial Inc. Has $48.09 Million Stock Position in Korn Ferry (NYSE:KFY)

Ameriprise Financial Inc. lowered its stake in Korn Ferry (NYSE:KFY) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 712,926 shares of the business services provider’s stock after selling 30,545 shares during the period. Ameriprise Financial Inc.’s holdings in Korn Ferry were worth $48,089,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Arizona State Retirement System lifted its stake in shares of Korn Ferry by 1.2% in the 4th quarter. Arizona State Retirement System now owns 15,094 shares of the business services provider’s stock valued at $1,018,000 after purchasing an additional 176 shares during the period. Summit Investment Advisors Inc. raised its stake in Korn Ferry by 4.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,432 shares of the business services provider’s stock worth $366,000 after buying an additional 225 shares during the period. Savant Capital LLC raised its stake in Korn Ferry by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,629 shares of the business services provider’s stock worth $245,000 after buying an additional 249 shares during the period. Heritage Family Offices LLP raised its stake in Korn Ferry by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 3,860 shares of the business services provider’s stock worth $260,000 after buying an additional 259 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in Korn Ferry by 1.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 27,778 shares of the business services provider’s stock worth $1,874,000 after buying an additional 343 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analysts Set New Price Targets

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 research note on Tuesday, April 15th.

Korn Ferry Stock Performance

Shares of Korn Ferry stock opened at $66.07 on Monday. The stock’s fifty day simple moving average is $64.49 and its 200 day simple moving average is $68.45. The company has a market capitalization of $3.41 billion, a PE ratio of 14.12 and a beta of 1.41. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. Korn Ferry has a 12 month low of $59.23 and a 12 month high of $80.64.

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

Korn Ferry Increases Dividend

The company also recently announced 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 represents a $1.92 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Thursday, March 27th. This is a boost from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s dividend payout ratio is 41.29%.

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.