Citigroup Inc. Grows Holdings in Kelly Services, Inc. (NASDAQ:KELYA)

Citigroup Inc. increased its position in shares of Kelly Services, Inc. (NASDAQ:KELYA - Get Rating) by 54.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,740 shares of the business services provider's stock after purchasing an additional 9,082 shares during the quarter. Citigroup Inc. owned approximately 0.07% of Kelly Services worth $435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Kelly Services by 131.6% during the 3rd quarter. Royal Bank of Canada now owns 2,121 shares of the business services provider's stock valued at $29,000 after acquiring an additional 1,205 shares during the period. UBS Group AG lifted its stake in shares of Kelly Services by 7,115.6% during the 2nd quarter. UBS Group AG now owns 2,309 shares of the business services provider's stock valued at $46,000 after buying an additional 2,277 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Kelly Services during the 2nd quarter valued at approximately $73,000. Captrust Financial Advisors lifted its stake in shares of Kelly Services by 43.0% during the 1st quarter. Captrust Financial Advisors now owns 3,407 shares of the business services provider's stock valued at $74,000 after buying an additional 1,024 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kelly Services by 28.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,519 shares of the business services provider's stock valued at $76,000 after buying an additional 995 shares in the last quarter. 74.86% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ KELYA opened at $18.53 on Wednesday. Kelly Services, Inc. has a 1 year low of $13.41 and a 1 year high of $22.56. The stock has a market capitalization of $668.90 million, a PE ratio of -185.30, a P/E/G ratio of 0.88 and a beta of 1.13. The company's 50 day simple moving average is $17.09 and its two-hundred day simple moving average is $16.98.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Monday, May 22nd were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Friday, May 19th. Kelly Services's dividend payout ratio (DPR) is currently -300.00%.

In other news, SVP Timothy L. Dupree sold 4,000 shares of the firm's stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $19.19, for a total transaction of $76,760.00. Following the sale, the senior vice president now owns 37,044 shares in the company, valued at approximately $710,874.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.50% of the company's stock.

KELYA has been the topic of a number of recent research reports. Barrington Research upped their price target on shares of Kelly Services from $23.00 to $25.00 in a research note on Friday, May 19th. StockNews.com upgraded shares of Kelly Services from a "hold" rating to a "buy" rating in a research note on Friday, May 12th.

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in several staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.

Want to see what other hedge funds are holding KELYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kelly Services, Inc. (NASDAQ:KELYA - Get Rating).

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