1 week Ago By Defense World Staff
Corebridge Financial Inc. trimmed its stake in Robert Half Inc. (NYSE:RHI – Free Report) by 10.
3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,281 shares of the business services provider’s stock after selling 492 shares during the quarter. Corebridge Financial Inc.
’s holdings in Robert Half were worth $302,000 at the end of the most recent reporting period. Several other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp grew its stake in shares of Robert Half by 24.
1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after buying an additional 16,668 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Robert Half by 347.
9% during the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 12,883 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Robert Half by 48.
1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 258 shares during the period. JPMorgan Chase & Co.
lifted its stake in Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co.
now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after purchasing an additional 46,100 shares during the last quarter. Finally, Tributary Capital Management LLC grew its holdings in Robert Half by 46.3% during the fourth quarter.
Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock worth $956,000 after purchasing an additional 4,299 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.
Robert Half Stock Down 5.8 %Shares of Robert Half stock opened at $48.51 on Friday.
The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 19.88 and a beta of 1.
13. Robert Half Inc. has a twelve month low of $44.
97 and a twelve month high of $78.41. The company has a 50-day simple moving average of $55.
51 and a two-hundred day simple moving average of $65.30. Robert Half (NYSE:RHI – Get Free Report) last released its quarterly earnings results on Wednesday, January 29th.
The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.
01). Robert Half had a net margin of 4.34% and a return on equity of 17.
20%. On average, sell-side analysts anticipate that Robert Half Inc. will post 2.
48 earnings per share for the current fiscal year. Robert Half Increases DividendThe business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.
59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53.
This represents a $2.36 annualized dividend and a dividend yield of 4.86%.
The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio is 96.72%.
Analyst Ratings ChangesA number of research firms have recently issued reports on RHI. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $90.
00 in a research report on Friday, December 13th. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a research report on Monday, February 10th.
JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $69.00 to $65.
00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Barclays reduced their target price on shares of Robert Half from $80.00 to $50.
00 and set an “equal weight” rating for the company in a report on Thursday. Finally, StockNews.com raised shares of Robert Half from a “hold” rating to a “buy” rating in a report on Monday.
Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Robert Half currently has an average rating of “Moderate Buy” and an average target price of $69.92.
Read Our Latest Research Report on Robert HalfAbout Robert Half (Free Report)Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.
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(NYSE:RHI – Free Report)..
