Heidrick & Struggles International, Inc. (NASDAQ:HSII) Stock Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 218,815 shares of the business services provider’s stock after selling 28,776 shares during the period. Bank of New York Mellon Corp’s holdings in Heidrick & Struggles International were worth $9,696,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HSII. Allianz Asset Management GmbH boosted its stake in Heidrick & Struggles International by 39.2% during the 4th quarter. Allianz Asset Management GmbH now owns 599,411 shares of the business services provider’s stock valued at $26,560,000 after purchasing an additional 168,912 shares during the period. Systematic Financial Management LP boosted its stake in Heidrick & Struggles International by 8.4% during the 3rd quarter. Systematic Financial Management LP now owns 554,298 shares of the business services provider’s stock valued at $21,540,000 after purchasing an additional 43,087 shares during the period. Geode Capital Management LLC boosted its stake in Heidrick & Struggles International by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 495,513 shares of the business services provider’s stock valued at $19,259,000 after purchasing an additional 18,771 shares during the period. Wellington Management Group LLP boosted its stake in Heidrick & Struggles International by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 431,856 shares of the business services provider’s stock valued at $16,782,000 after purchasing an additional 12,640 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Heidrick & Struggles International by 1.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 275,306 shares of the business services provider’s stock valued at $10,698,000 after purchasing an additional 4,400 shares during the period. Institutional investors own 90.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HSII shares. Barrington Research upped their price target 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 reaffirmed a “hold” rating and issued a $42.00 price target (up from $40.00) on shares of Heidrick & Struggles International in a research note on Wednesday, December 4th.

Heidrick & Struggles International Stock Performance

Heidrick & Struggles International stock opened at $42.75 on Friday. The firm has a market cap of $872.53 million, a PE ratio of 23.11, a P/E/G ratio of 0.91 and a beta of 0.80. The firm’s 50 day moving average price is $44.54 and its two-hundred day moving average price is $42.49. Heidrick & Struggles International, Inc. has a twelve month low of $29.03 and a twelve month high of $49.02.

Heidrick & Struggles International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, March 13th. Heidrick & Struggles International’s dividend payout ratio is currently 150.00%.

Insider Buying and Selling

In other Heidrick & Struggles International news, CEO Thomas L. Monahan purchased 5,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $45.55 per share, for a total transaction of $227,750.00. Following the completion of the purchase, the chief executive officer now directly owns 144,834 shares of the company’s stock, valued at approximately $6,597,188.70. This represents a 3.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

About Heidrick & Struggles International

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.