Citigroup Inc. Purchases 32,403 Shares of Korn Ferry (NYSE:KFY)

Citigroup Inc. increased its holdings in Korn Ferry (NYSE:KFY - Free Report) by 88.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,185 shares of the business services provider's stock after purchasing an additional 32,403 shares during the quarter. Citigroup Inc. owned approximately 0.13% of Korn Ferry worth $5,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of KFY. Price T Rowe Associates Inc. MD grew its stake in shares of Korn Ferry by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 71,683 shares of the business services provider's stock worth $4,715,000 after purchasing an additional 3,856 shares during the last quarter. Jane Street Group LLC boosted its position in Korn Ferry by 884.9% during the 1st quarter. Jane Street Group LLC now owns 76,536 shares of the business services provider's stock valued at $5,033,000 after acquiring an additional 68,765 shares in the last quarter. Tidal Investments LLC boosted its position in Korn Ferry by 78.7% during the 1st quarter. Tidal Investments LLC now owns 7,532 shares of the business services provider's stock valued at $495,000 after acquiring an additional 3,318 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 in the last quarter. Finally, CWM LLC boosted its position in 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 in the last quarter. 98.82% of the stock is owned by institutional investors.

Insider Transactions at Korn Ferry

In related news, CEO Gary D. Burnison sold 38,726 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total value of $2,795,242.68. Following the transaction, the chief executive officer now directly owns 273,118 shares of the company's stock, valued at approximately $19,713,657.24. This represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Debra J. Perry sold 5,280 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $73.30, for a total value of $387,024.00. Following the completion of the transaction, the director now directly owns 46,180 shares in the company, valued at $3,384,994. This trade represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,201 shares of company stock valued at $6,329,320 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Korn Ferry Stock Down 0.7 %

Korn Ferry stock traded down $0.56 during trading hours on Tuesday, hitting $78.04. 335,640 shares of the stock traded hands, compared to its average volume of 350,020. The firm's 50-day moving average price is $74.03 and its two-hundred day moving average price is $70.50. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. The company has a market cap of $4.06 billion, a PE ratio of 22.27 and a beta of 1.56. Korn Ferry has a one year low of $51.62 and a one year high of $80.64.

Korn Ferry (NYSE:KFY - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $663.84 million. During the same period in the previous year, the firm posted $0.99 EPS. The business's revenue was down 3.3% on a year-over-year basis. On average, research analysts forecast that Korn Ferry will post 4.84 EPS for the current year.

Korn Ferry Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, September 19th were given a $0.37 dividend. The ex-dividend date was Thursday, September 19th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.90%. Korn Ferry's dividend payout ratio is currently 42.29%.

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.