SCHEDULE 13G/A: BlackRock Amends Stake in Korn Ferry, Disclosing 14.9% Beneficial Ownership

BlackRock, Inc. has filed an amended Schedule 13G, revealing a beneficial ownership of 14.9% of Korn Ferry's common stock as of March 31, 2025.

Summary

• BlackRock, Inc. has filed an Amendment No. 4 to Schedule 13G regarding its beneficial ownership in Korn Ferry (CUSIP: 500643200).
• As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 7,709,568 shares of Korn Ferry's common stock.
• This ownership represents 14.9% of the total outstanding common stock of Korn Ferry.
• BlackRock holds sole voting power over 7,609,197 shares and sole dispositive power over 7,709,568 shares.
• No shared voting or dispositive power is reported by BlackRock.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Korn Ferry.
• iShares Core S&P Small-Cap ETF, an entity associated with BlackRock, is noted to hold more than 5% of Korn Ferry's total outstanding common stock.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership by a large institutional investor, BlackRock, Inc., in Korn Ferry. It does not contain performance data, forward-looking statements, or strategic insights that would indicate a positive or negative sentiment regarding Korn Ferry's operations or prospects.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." (Statement from Spencer Fleming, Managing Director of BlackRock, Inc.)

Industry Context

Schedule 13G filings are standard disclosures by institutional investors holding more than 5% of a company's stock, indicating a passive investment intent. BlackRock, as one of the world's largest asset managers, frequently files such documents across numerous public companies, reflecting its broad portfolio management activities rather than specific strategic moves related to the issuer.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment approach. The continued large stake by BlackRock may offer some stability perception.
• Employees, Customers, Suppliers, Creditors: Minimal direct impact as the filing primarily concerns ownership structure and does not indicate operational or strategic changes for Korn Ferry.

Key Dates

Keywords

Korn Ferry, BlackRock, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing, passive investment, asset management