Citigroup Inc. Has $255,000 Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Citigroup Inc. cut its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA) by 53.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,026 shares of the business services provider’s stock after selling 16,286 shares during the quarter. Citigroup Inc.’s holdings in Kelly Services were worth $255,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Kelly Services by 3.0% in the third quarter. Vanguard Group Inc. now owns 3,659,949 shares of the business services provider’s stock valued at $49,739,000 after purchasing an additional 107,704 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Kelly Services by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,715,657 shares of the business services provider’s stock valued at $45,052,000 after acquiring an additional 67,363 shares during the period. Invesco Ltd. grew its position in Kelly Services by 3.6% in the third quarter. Invesco Ltd. now owns 1,491,736 shares of the business services provider’s stock valued at $27,135,000 after acquiring an additional 51,283 shares during the period. State Street Corp grew its holdings in shares of Kelly Services by 0.9% during the first quarter. State Street Corp now owns 1,449,856 shares of the business services provider’s stock worth $24,053,000 after purchasing an additional 13,004 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Kelly Services by 5.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,308,682 shares of the business services provider’s stock worth $21,711,000 after purchasing an additional 70,969 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Timothy L. Dupree sold 12,711 shares of Kelly Services stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $24.98, for a total transaction of $317,520.78. Following the transaction, the senior vice president now owns 32,392 shares in the company, valued at approximately $809,152.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Olivier Thirot sold 20,000 shares of Kelly Services stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $24.07, for a total value of $481,400.00. Following the sale, the executive vice president now owns 174,793 shares of the company’s stock, valued at approximately $4,207,267.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Timothy L. Dupree sold 12,711 shares of Kelly Services stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $24.98, for a total value of $317,520.78. Following the completion of the sale, the senior vice president now directly owns 32,392 shares in the company, valued at approximately $809,152.16. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Kelly Services Stock Performance

Shares of KELYA stock opened at $25.05 on Thursday. The stock’s fifty day moving average is $22.81 and its 200-day moving average is $20.80. The stock has a market capitalization of $884.01 million, a PE ratio of 25.56, a PEG ratio of 1.06 and a beta of 1.17. Kelly Services, Inc. has a 52 week low of $15.53 and a 52 week high of $25.27.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.38. Kelly Services had a return on equity of 6.50% and a net margin of 0.75%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts forecast that Kelly Services, Inc. will post 1.78 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, February 26th. Kelly Services’s dividend payout ratio (DPR) is presently 30.61%.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.