Legal & General Group Plc Takes $9.45 Million Position in Robert Half Inc. $RHI

Legal & General Group Plc bought a new stake in Robert Half Inc. (NYSE:RHI) during the second quarter, HoldingsChannel.com reports. The fund bought 307,825 shares of the business services provider’s stock, valued at approximately $9,450,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC increased its position in 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 during the last quarter. Gilpin Wealth Management LLC bought a new position in shares of Robert Half during the 4th quarter worth approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half during the 2nd quarter worth approximately $34,000. Elevation Wealth Partners LLC raised its stake in Robert Half by 605.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 975 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Robert Half by 94.3% during the 4th 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 last quarter. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on RHI. Robert W. Baird set a $47.00 price objective on shares of Robert Half in a report on Monday, July 27th. Weiss Ratings upgraded shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. The Goldman Sachs Group raised their price objective on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Friday, July 24th. Truist Financial increased their target price on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, BMO Capital Markets upgraded Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target for the company in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.75.

Robert Half Stock Down 3.9%

NYSE RHI opened at $43.55 on Wednesday. The firm has a 50-day moving average price of $39.07 and a two-hundred day moving average price of $30.91. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $46.70. The company has a market capitalization of $4.46 billion, a P/E ratio of 37.87 and a beta of 0.81.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities analysts expect that Robert Half Inc. will post 1.27 EPS for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is 205.22%.

About Robert Half

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.