Heidrick & Struggles International, Inc. (NASDAQ:HSII) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Allianz Asset Management GmbH grew its position in shares of Heidrick & Struggles International by 39.2% during 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 purchasing an additional 168,912 shares in the last quarter. Principal Financial Group Inc. grew its position in Heidrick & Struggles International by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 113,269 shares of the business services provider's stock worth $5,019,000 after acquiring an additional 4,784 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Heidrick & Struggles International in the fourth quarter worth about $451,000. Empowered Funds LLC boosted its position in shares of Heidrick & Struggles International by 2.6% during the fourth quarter. Empowered Funds LLC now owns 190,168 shares of the business services provider's stock valued at $8,426,000 after buying an additional 4,895 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Heidrick & Struggles International during the fourth quarter valued at approximately $638,000. 90.13% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several brokerages have issued reports on HSII. Barrington Research boosted their target price on Heidrick & Struggles International from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Truist Financial reaffirmed a "hold" rating and set a $42.00 price target (up previously from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th.

Heidrick & Struggles International Stock Performance

NASDAQ:HSII traded up $0.03 during trading hours on Tuesday, reaching $42.68. The company's stock had a trading volume of 123,872 shares, compared to its average volume of 140,892. The company has a market capitalization of $871.10 million, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80. Heidrick & Struggles International, Inc. has a 12 month low of $29.03 and a 12 month high of $49.02. The stock has a 50 day moving average price of $44.48 and a two-hundred day moving average price of $42.62.

Heidrick & Struggles International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, March 13th. Heidrick & Struggles International's dividend payout ratio (DPR) is 150.00%.

Insider Buying and Selling

In other Heidrick & Struggles International news, CEO Thomas L. Monahan acquired 5,000 shares of Heidrick & Struggles International stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $45.55 per share, with a total value of $227,750.00. Following the completion of the purchase, the chief executive officer now directly owns 144,834 shares of the company's stock, valued at approximately $6,597,188.70. This represents a 3.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

Heidrick & Struggles International 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.