Principal Financial Group Inc. Boosts Holdings in Korn/Ferry International $KFY

Principal Financial Group Inc. boosted its stake in Korn/Ferry International (NYSE:KFY) by 10.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 328,723 shares of the business services provider’s stock after purchasing an additional 30,163 shares during the period. Principal Financial Group Inc.’s holdings in Korn/Ferry International were worth $20,693,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Korn/Ferry International by 69.4% during the 4th quarter. IFP Advisors Inc now owns 503 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 206 shares during the period. Clearstead Advisors LLC raised its holdings in shares of Korn/Ferry International by 30,350.0% in the 4th quarter. Clearstead Advisors LLC now owns 609 shares of the business services provider’s stock worth $40,000 after purchasing an additional 607 shares during the period. Kestra Investment Management LLC lifted its stake in Korn/Ferry International by 71.8% in the second quarter. Kestra Investment Management LLC now owns 579 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 242 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Korn/Ferry International by 200.0% in the second quarter. Canada Pension Plan Investment Board now owns 600 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 400 shares during the last quarter. Finally, Torren Management LLC bought a new position in Korn/Ferry International during the fourth quarter valued at $52,000. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KFY shares. Wall Street Zen downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings raised Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Robert W. Baird increased their price target on Korn/Ferry International from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Truist Financial lifted their price objective on Korn/Ferry International from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, UBS Group boosted their price objective on Korn/Ferry International from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

Korn/Ferry International Stock Up 0.1%

KFY opened at $78.13 on Wednesday. Korn/Ferry International has a 12 month low of $58.95 and a 12 month high of $79.97. The company has a market cap of $3.97 billion, a PE ratio of 14.91 and a beta of 1.21. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $70.88 and a 200 day moving average of $66.91.

Korn/Ferry International (NYSE:KFY) last issued its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $768.26 million for the quarter, compared to analysts’ expectations of $743.35 million. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 EPS. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. On average, sell-side analysts expect that Korn/Ferry International will post 5.75 EPS for the current year.

Korn/Ferry International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, July 6th. Korn/Ferry International’s payout ratio is presently 41.98%.

About Korn/Ferry International

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.