Bank of New York Mellon Corp Reduces Stock Position in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Bank of New York Mellon Corp lessened its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,815 shares of the business services provider’s stock after selling 28,776 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.07% of Heidrick & Struggles International worth $9,696,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in Heidrick & Struggles International by 39.2% in the fourth quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider’s stock valued at $26,560,000 after acquiring an additional 168,912 shares in the last quarter. Systematic Financial Management LP boosted its stake in Heidrick & Struggles International by 8.4% in the third quarter. Systematic Financial Management LP now owns 554,298 shares of the business services provider’s stock valued at $21,540,000 after acquiring an additional 43,087 shares in the last quarter. Geode Capital Management LLC boosted its stake in Heidrick & Struggles International by 3.9% in the third quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider’s stock valued at $19,259,000 after acquiring an additional 18,771 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Heidrick & Struggles International by 3.0% during the third quarter. Wellington Management Group LLP now owns 431,856 shares of the business services provider’s stock worth $16,782,000 after buying an additional 12,640 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Heidrick & Struggles International by 1.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 275,306 shares of the business services provider’s stock worth $10,698,000 after buying an additional 4,400 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Insider Buying and Selling at Heidrick & Struggles International

In related news, CEO Thomas L. Monahan purchased 5,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $45.55 per share, for a total transaction of $227,750.00. Following the acquisition, the chief executive officer now directly owns 144,834 shares in the company, valued at $6,597,188.70. This trade represents a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barrington Research increased their target price on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Truist Financial reiterated a “hold” rating and set a $42.00 target price (up previously from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th.

Heidrick & Struggles International Price Performance

Shares of HSII opened at $42.75 on Friday. The firm has a 50 day simple moving average of $44.54 and a 200-day simple moving average of $42.49. Heidrick & Struggles International, Inc. has a 1-year low of $29.03 and a 1-year high of $49.02. The stock has a market cap of $872.53 million, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80.

Heidrick & Struggles International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. Heidrick & Struggles International’s dividend payout ratio (DPR) is presently 150.00%.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.