ING Groep NV increased its stake in Robert Half Inc. (NYSE:RHI – Free Report) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,844 shares of the business services provider’s stock after purchasing an additional 20,044 shares during the period. ING Groep NV owned 0.10% of Robert Half worth $2,766,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Robert Half during the 2nd quarter valued at approximately $34,000. Larson Financial Group LLC grew its holdings in shares of Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after buying an additional 764 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Robert Half during the third quarter worth $37,000. Hantz Financial Services Inc. grew its holdings in shares of Robert Half by 952.4% during the third quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock worth $38,000 after buying an additional 1,000 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 664 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.
Robert Half Stock Down 0.8%
NYSE:RHI opened at $30.69 on Wednesday. The company has a market capitalization of $3.14 billion, a PE ratio of 23.61 and a beta of 0.84. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $45.67. The stock has a fifty day simple moving average of $26.98 and a 200-day simple moving average of $26.85.
Robert Half Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, May 22nd. Robert Half’s dividend payout ratio is 181.54%.
Analyst Ratings Changes
A number of research analysts have commented on RHI shares. BMO Capital Markets decreased their target price on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 17th. Barclays decreased their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. Weiss Ratings cut shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Finally, William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $31.75.
Get Our Latest Research Report on RHI
Robert Half Company Profile
Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.
The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.
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