Heidrick & Struggles International, Inc. (NASDAQ:HSII) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII - Free Report) by 398.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,982 shares of the business services provider's stock after purchasing an additional 160,677 shares during the period. JPMorgan Chase & Co. owned about 0.98% of Heidrick & Struggles International worth $8,906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HSII. Allianz Asset Management GmbH grew its stake in Heidrick & Struggles International by 39.2% in the 4th 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 during the period. American Century Companies Inc. grew its position in shares of Heidrick & Struggles International by 125.9% in the fourth quarter. American Century Companies Inc. now owns 287,569 shares of the business services provider's stock valued at $12,742,000 after purchasing an additional 160,257 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Heidrick & Struggles International by 180.4% during the fourth quarter. Teacher Retirement System of Texas now owns 62,190 shares of the business services provider's stock worth $2,756,000 after purchasing an additional 40,010 shares in the last quarter. Barclays PLC raised its position in shares of Heidrick & Struggles International by 280.9% during the 3rd quarter. Barclays PLC now owns 37,476 shares of the business services provider's stock worth $1,456,000 after purchasing an additional 27,637 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Heidrick & Struggles International by 88.6% in the 4th quarter. Royce & Associates LP now owns 58,054 shares of the business services provider's stock valued at $2,572,000 after buying an additional 27,279 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Thomas L. Monahan bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased 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 owns 144,834 shares of the company's stock, valued at approximately $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 hyperlink. Corporate insiders own 1.30% of the company's stock.

Heidrick & Struggles International Stock Performance

Shares of HSII stock traded down $0.85 on Friday, hitting $37.96. 120,600 shares of the stock traded hands, compared to its average volume of 155,343. Heidrick & Struggles International, Inc. has a twelve month low of $29.03 and a twelve month high of $49.02. The stock has a market capitalization of $782.93 million, a PE ratio of 20.52, a PEG ratio of 0.91 and a beta of 0.86. The firm's 50-day moving average price is $42.35 and its two-hundred day moving average price is $43.31.

Heidrick & Struggles International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.15 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. Heidrick & Struggles International's dividend payout ratio is currently 150.00%.

Analysts Set New Price Targets

HSII has been the subject of a number of research analyst reports. Barrington Research increased their target price on Heidrick & Struggles International from $50.00 to $52.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Truist Financial upped their target price on shares of Heidrick & Struggles International from $42.00 to $44.00 and gave the stock a "hold" rating in a report on Tuesday, April 15th.

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.