Citigroup Inc. Lowers Stake in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Citigroup Inc. reduced its holdings in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 48.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,747 shares of the business services provider’s stock after selling 8,991 shares during the period. Citigroup Inc.’s holdings in Heidrick & Struggles International were worth $244,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of HSII. Assenagon Asset Management S.A. grew its position in Heidrick & Struggles International by 77.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 297,188 shares of the business services provider’s stock worth $7,436,000 after purchasing an additional 129,644 shares during the last quarter. Franklin Resources Inc. grew its position in Heidrick & Struggles International by 1,366.1% during the 1st quarter. Franklin Resources Inc. now owns 123,282 shares of the business services provider’s stock worth $3,743,000 after purchasing an additional 114,873 shares during the last quarter. Wellington Management Group LLP purchased a new position in Heidrick & Struggles International during the 3rd quarter worth $2,870,000. Norges Bank purchased a new position in Heidrick & Struggles International during the 4th quarter worth $2,730,000. Finally, Citadel Advisors LLC grew its position in Heidrick & Struggles International by 133.2% during the 3rd quarter. Citadel Advisors LLC now owns 165,436 shares of the business services provider’s stock worth $4,300,000 after purchasing an additional 94,506 shares during the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

Heidrick & Struggles International Stock Up 2.3 %

Shares of NASDAQ HSII opened at $33.28 on Thursday. Heidrick & Struggles International, Inc. has a 52 week low of $22.52 and a 52 week high of $35.38. The firm has a 50-day moving average price of $30.87 and a 200 day moving average price of $28.03. The stock has a market capitalization of $669.59 million, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 0.75 and a beta of 0.83.

Heidrick & Struggles International (NASDAQ:HSII) last announced its quarterly earnings data on Monday, February 26th. The business services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. Heidrick & Struggles International had a net margin of 5.23% and a return on equity of 13.81%. The firm had revenue of $253.16 million during the quarter, compared to analysts’ expectations of $248.17 million. Equities research analysts expect that Heidrick & Struggles International, Inc. will post 2.69 EPS for the current fiscal year.

Heidrick & Struggles International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, March 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Thursday, March 7th. Heidrick & Struggles International’s dividend payout ratio (DPR) is 22.64%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HSII. TheStreet raised shares of Heidrick & Struggles International from a “c+” rating to a “b-” rating in a report on Monday, February 12th. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Heidrick & Struggles International in a report on Monday, March 4th. StockNews.com raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th. Finally, Truist Financial lifted their target price on shares of Heidrick & Struggles International from $27.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, February 27th.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, consulting, and on-demand talent services to businesses and business leaders worldwide. It enables its clients to build leadership teams by facilitating the recruitment, management, and development of senior executives.