Wells Fargo & Company MN Has $4.74 Million Stake in Korn Ferry (NYSE:KFY)

Wells Fargo & Company MN raised its holdings in shares of Korn Ferry (NYSE:KFY - Free Report) by 14.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,330 shares of the business services provider's stock after acquiring an additional 8,692 shares during the period. Wells Fargo & Company MN owned approximately 0.14% of Korn Ferry worth $4,744,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KFY. Wealthfront Advisers LLC bought a new position in Korn Ferry in the 4th quarter valued at about $76,000. Smartleaf Asset Management LLC raised its stake in shares of 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 worth $93,000 after buying an additional 963 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Korn Ferry in the fourth quarter valued at $122,000. New Age Alpha Advisors LLC bought a new position in Korn Ferry during the fourth quarter valued at about $162,000. Finally, KBC Group NV grew its holdings in Korn Ferry by 68.5% during the fourth quarter. KBC Group NV now owns 2,542 shares of the business services provider's stock worth $171,000 after acquiring an additional 1,033 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

Korn Ferry Trading Up 0.1 %

NYSE KFY traded up $0.09 on Thursday, hitting $62.07. 349,895 shares of the company were exchanged, compared to its average volume of 377,037. 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 has a twelve month low of $59.23 and a twelve month high of $80.64. The firm has a market capitalization of $3.20 billion, a P/E ratio of 13.26 and a beta of 1.40. The company's 50 day moving average price is $64.94 and its 200-day moving average price is $69.14.

Korn Ferry (NYSE:KFY - Get Free Report) last announced 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 company had revenue of $676.50 million for 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%. The company's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 EPS. Analysts predict that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Korn Ferry Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.09%. This is a positive change from Korn Ferry's previous quarterly dividend of $0.37. Korn Ferry's dividend payout ratio (DPR) is 41.29%.

Analyst Ratings Changes

Separately, Truist Financial lowered their price objective on shares of Korn Ferry from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th.

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.