JPMorgan Chase & Co. Buys 48,074 Shares of Korn Ferry (NYSE:KFY)

JPMorgan Chase & Co. raised its position in Korn Ferry (NYSE:KFY - Free Report) by 11.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 474,042 shares of the business services provider's stock after acquiring an additional 48,074 shares during the period. JPMorgan Chase & Co. owned about 0.92% of Korn Ferry worth $31,974,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new stake in shares of Korn Ferry in the fourth quarter worth $76,000. Smartleaf Asset Management LLC increased its stake in Korn Ferry by 230.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,381 shares of the business services provider's stock valued at $93,000 after buying an additional 963 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Korn Ferry during the 4th quarter worth about $122,000. KBC Group NV boosted its stake in shares of Korn Ferry by 68.5% during the 4th quarter. KBC Group NV now owns 2,542 shares of the business services provider's stock worth $171,000 after buying an additional 1,033 shares during the last quarter. Finally, Highland Capital Management LLC bought a new position in shares of Korn Ferry in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 98.82% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a report on Tuesday, December 17th.

Korn Ferry Stock Performance

NYSE KFY traded up $1.08 on Friday, hitting $64.01. 256,260 shares of the stock were exchanged, compared to its average volume of 374,664. The business's fifty day moving average is $65.90 and its 200 day moving average is $69.77. Korn Ferry has a 52 week low of $59.44 and a 52 week high of $80.64. The company has a market capitalization of $3.30 billion, a PE ratio of 13.68 and a beta of 1.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Korn Ferry (NYSE:KFY - Get Free Report) last issued its earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.06. The business had revenue of $676.50 million during the quarter, compared to the consensus estimate of $650.45 million. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. Korn Ferry's revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $1.07 EPS. Research analysts anticipate that Korn Ferry will post 4.75 EPS for the current fiscal year.

Korn Ferry Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 27th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.00%. Korn Ferry's payout ratio is presently 41.29%.

Korn Ferry Company 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.