6 days Ago By ABMN Staff
Franklin Resources Inc. trimmed its holdings in Korn Ferry ( NYSE:KFY – Free Report ) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 22,810 shares of the business services provider’s stock after selling 2,323 shares during the quarter. Franklin Resources Inc.’s holdings in Korn Ferry were worth $1,539,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in KFY. JPMorgan Chase & Co. increased its holdings in shares of Korn Ferry by 193.
9% during the third quarter. JPMorgan Chase & Co. now owns 425,968 shares of the business services provider’s stock valued at $32,050,000 after purchasing an additional 281,024 shares during the period.
Principal Financial Group Inc. raised its position in shares of Korn Ferry by 5.7% during the 3rd quarter.
Principal Financial Group Inc. now owns 271,969 shares of the business services provider’s stock worth $20,463,000 after buying an additional 14,601 shares in the last quarter. Blue Trust Inc.
lifted its stake in shares of Korn Ferry by 44.8% in the 4th quarter. Blue Trust Inc.
now owns 3,204 shares of the business services provider’s stock worth $216,000 after acquiring an additional 991 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Korn Ferry by 2.4% in the third quarter.
Geode Capital Management LLC now owns 1,217,031 shares of the business services provider’s stock valued at $91,587,000 after acquiring an additional 28,014 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Korn Ferry by 14.2% during the fourth quarter.
Allianz Asset Management GmbH now owns 753,414 shares of the business services provider’s stock valued at $50,818,000 after acquiring an additional 93,591 shares during the period. 98.82% of the stock is currently owned by institutional investors and hedge funds.
Korn Ferry Trading Up 0.8 % Korn Ferry stock opened at $64.48 on Tuesday.
The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 13.78 and a beta of 1.
40. Korn Ferry has a 1 year low of $59.44 and a 1 year high of $80.
64. The firm’s 50 day moving average price is $65.80 and its two-hundred day moving average price is $69.
69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.
07 and a current ratio of 2.07. Korn Ferry Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th.
Investors of record on Thursday, March 27th will be given a $0.48 dividend. This represents a $1.
92 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Thursday, March 27th.
This is an increase from Korn Ferry’s previous quarterly dividend of $0.37. Korn Ferry’s dividend payout ratio is 41.
29%. Analyst Ratings Changes Separately, StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research note on Tuesday, December 17th.
Read Our Latest Analysis on Korn Ferry Korn Ferry Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding KFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Korn Ferry ( NYSE:KFY – Free Report ). Receive News & Ratings for Korn Ferry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn Ferry and related companies with MarketBeat.
com's FREE daily email newsletter ..
