Rockefeller Capital Management L.P. Buys 438,644 Shares of Korn Ferry (NYSE:KFY)

Rockefeller Capital Management L.P. increased its position in Korn Ferry (NYSE:KFY - Free Report) by 113.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 826,157 shares of the business services provider's stock after purchasing an additional 438,644 shares during the quarter. Rockefeller Capital Management L.P. owned 1.60% of Korn Ferry worth $55,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Korn Ferry by 2.0% during the third quarter. State Street Corp now owns 2,069,906 shares of the business services provider's stock worth $156,503,000 after buying an additional 40,240 shares in the last quarter. Invesco Ltd. boosted its stake in Korn Ferry by 5.6% during the 4th quarter. Invesco Ltd. now owns 1,840,784 shares of the business services provider's stock valued at $124,161,000 after acquiring an additional 97,811 shares during the last quarter. Geode Capital Management LLC grew its holdings in Korn Ferry by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,217,031 shares of the business services provider's stock worth $91,587,000 after acquiring an additional 28,014 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Korn Ferry by 19.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,133,548 shares of the business services provider's stock worth $76,458,000 after purchasing an additional 184,170 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Korn Ferry by 8.1% in the 4th quarter. Jennison Associates LLC now owns 1,067,813 shares of the business services provider's stock valued at $72,024,000 after purchasing an additional 79,808 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company's stock.

Korn Ferry Price Performance

Shares of NYSE:KFY traded down $0.96 during trading hours on Friday, hitting $60.70. 427,321 shares of the company's stock traded hands, compared to its average volume of 376,121. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The company's fifty day simple moving average is $65.44 and its two-hundred day simple moving average is $69.48. Korn Ferry has a 52 week low of $59.44 and a 52 week high of $80.64. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 12.97 and a beta of 1.40.

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

Korn Ferry Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were given a $0.48 dividend. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. This represents a $1.92 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, March 27th. Korn Ferry's dividend payout ratio is presently 41.29%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reduced their price objective on Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday.

About Korn Ferry

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.