JPMorgan Chase & Co. Increases Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

JPMorgan Chase & Co. increased its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 398.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,982 shares of the business services provider’s stock after purchasing an additional 160,677 shares during the quarter. JPMorgan Chase & Co.’s holdings in Heidrick & Struggles International were worth $8,906,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in Heidrick & Struggles International during the fourth quarter worth $173,000. Orion Portfolio Solutions LLC acquired a new position in shares of Heidrick & Struggles International during the 3rd quarter worth about $207,000. HighTower Advisors LLC purchased a new stake in shares of Heidrick & Struggles International during the third quarter worth approximately $212,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Heidrick & Struggles International in the fourth quarter valued at about $451,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Heidrick & Struggles International by 44.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,938 shares of the business services provider’s stock valued at $542,000 after acquiring an additional 4,264 shares during the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on HSII shares. Barrington Research lifted their target price on shares of Heidrick & Struggles International from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Truist Financial increased their price objective on Heidrick & Struggles International from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday.

Heidrick & Struggles International Stock Down 6.7 %

Shares of HSII opened at $39.00 on Wednesday. The stock has a 50 day moving average price of $42.78 and a 200 day moving average price of $43.27. Heidrick & Struggles International, Inc. has a 52-week low of $29.03 and a 52-week high of $49.02. The company has a market capitalization of $795.99 million, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 0.91 and a beta of 0.86.

Heidrick & Struggles International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.60 annualized dividend and a yield of 1.54%. Heidrick & Struggles International’s dividend payout ratio is presently 150.00%.

Insider Buying and Selling

In related news, CEO Thomas L. Monahan bought 5,000 shares of the stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $45.55 per share, for a total transaction of $227,750.00. Following the purchase, the chief executive officer now owns 144,834 shares of the company’s stock, valued at $6,597,188.70. This trade represents a 3.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc engages in provision of leadership consulting, culture shaping and senior-level executive search services. It offers its clients build leadership teams through facilitating the recruitment, management and deployment of senior executives. It operates under the following segments: Americas, Europe, Asia Pacific, Heidrick Consulting, and On Demand Talent Business.