Korn Ferry (NYSE:KFY) Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its position in shares of Korn Ferry (NYSE:KFY) by 88.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,185 shares of the business services provider’s stock after purchasing an additional 32,403 shares during the quarter. Citigroup Inc. owned 0.13% of Korn Ferry worth $5,205,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Korn Ferry by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 71,683 shares of the business services provider’s stock valued at $4,715,000 after buying an additional 3,856 shares during the period. Jane Street Group LLC raised its position in shares of Korn Ferry by 884.9% in the first quarter. Jane Street Group LLC now owns 76,536 shares of the business services provider’s stock worth $5,033,000 after acquiring an additional 68,765 shares during the period. Tidal Investments LLC boosted its stake in shares of Korn Ferry by 78.7% during the 1st quarter. Tidal Investments LLC now owns 7,532 shares of the business services provider’s stock worth $495,000 after acquiring an additional 3,318 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Korn Ferry by 28.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,392 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 306 shares during the period. Finally, CWM LLC grew its position in shares of 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. 98.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Korn Ferry news, Director Debra J. Perry sold 5,280 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total value of $387,024.00. Following the transaction, the director now owns 46,180 shares in the company, valued at approximately $3,384,994. This trade represents a 10.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Distefano sold 5,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $72.36, for a total transaction of $361,800.00. Following the sale, the insider now directly owns 50,954 shares of the company’s stock, valued at $3,687,031.44. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,201 shares of company stock worth $6,329,320 in the last 90 days. Insiders own 1.40% of the company’s stock.

Korn Ferry Stock Performance

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

Korn Ferry (NYSE:KFY) last announced its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.06. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The business had revenue of $682.80 million during the quarter, compared to the consensus estimate of $663.84 million. During the same period in the prior year, the company posted $0.99 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Sell-side analysts anticipate that Korn Ferry will post 4.84 EPS for the current fiscal year.

Korn Ferry Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. Korn Ferry’s dividend payout ratio is currently 42.29%.

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.