Legal & General Group Plc grew its stake in shares of Korn/Ferry International (NYSE:KFY) by 9.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,533 shares of the business services provider’s stock after buying an additional 9,854 shares during the quarter. Legal & General Group Plc owned about 0.20% of Korn/Ferry International worth $3,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Korn/Ferry International by 25.6% during the 1st quarter. Bank of America Corp DE now owns 521,885 shares of the business services provider’s stock worth $16,433,000 after buying an additional 106,520 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Korn/Ferry International by 3.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 322,159 shares of the business services provider’s stock worth $10,145,000 after buying an additional 11,381 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Korn/Ferry International by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 443,964 shares of the business services provider’s stock worth $13,981,000 after buying an additional 11,428 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of Korn/Ferry International during the 1st quarter worth about $758,000. Finally, Teachers Advisors LLC raised its position in shares of Korn/Ferry International by 1.9% during the 4th quarter. Teachers Advisors LLC now owns 91,046 shares of the business services provider’s stock worth $2,679,000 after buying an additional 1,698 shares in the last quarter. Institutional investors own 86.92% of the company’s stock.

A number of analysts have commented on KFY shares. BidaskClub downgraded shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Deutsche Bank AG boosted their price target on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. SunTrust Banks, Inc. boosted their price target on shares of Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, Sidoti started coverage on shares of Korn/Ferry International in a research report on Monday, June 12th. They set a “buy” rating and a $43.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $39.25.

Shares of Korn/Ferry International (KFY) opened at 36.38 on Thursday. The company has a 50 day moving average of $33.22 and a 200-day moving average of $32.66. The company has a market capitalization of $2.06 billion, a P/E ratio of 19.02 and a beta of 1.39. Korn/Ferry International has a 12-month low of $19.94 and a 12-month high of $36.84.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The firm had revenue of $401.25 million for the quarter, compared to analyst estimates of $392.91 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue was up 6.8% on a year-over-year basis. On average, equities analysts anticipate that Korn/Ferry International will post $2.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 27th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, September 26th. Korn/Ferry International’s dividend payout ratio is currently 20.83%.

In other Korn/Ferry International news, CEO Gary D. Burnison sold 40,000 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $34.73, for a total transaction of $1,389,200.00. Following the sale, the chief executive officer now owns 251,485 shares of the company’s stock, valued at approximately $8,734,074.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert P. Rozek sold 5,000 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $34.61, for a total transaction of $173,050.00. Following the sale, the chief financial officer now directly owns 101,282 shares in the company, valued at approximately $3,505,370.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 183,837 shares of company stock worth $6,336,501. Insiders own 1.01% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Korn/Ferry International (KFY) Holdings Increased by Legal & General Group Plc” was published by Daily Political and is the property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/09/14/kornferry-international-kfy-holdings-increased-by-legal-general-group-plc.html.

Korn/Ferry International Profile

Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.

Institutional Ownership by Quarter for Korn/Ferry International (NYSE:KFY)

Receive News & Ratings for Korn/Ferry International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn/Ferry International and related companies with MarketBeat.com's FREE daily email newsletter.