TD Private Client Wealth LLC Increases Position in Robert Half Inc. (NYSE:RHI)

TD Private Client Wealth LLC increased its holdings in Robert Half Inc. (NYSE:RHI) by 124.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,832 shares of the business services provider’s stock after buying an additional 3,228 shares during the period. TD Private Client Wealth LLC’s holdings in Robert Half were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of RHI. Boston Partners grew its stake in Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock valued at $602,867,000 after purchasing an additional 1,271,237 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Robert Half in the 3rd quarter worth about $41,096,000. Janus Henderson Group PLC grew its position in Robert Half by 828.9% during the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after buying an additional 413,664 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Robert Half by 20.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after buying an additional 225,210 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Robert Half in the fourth quarter worth about $15,491,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Up 3.4 %

Shares of NYSE RHI opened at $54.95 on Tuesday. The business has a 50-day simple moving average of $60.84 and a two-hundred day simple moving average of $66.65. Robert Half Inc. has a 52 week low of $51.55 and a 52 week high of $79.84. The company has a market cap of $5.62 billion, a P/E ratio of 22.52 and a beta of 1.22.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is 96.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and boosted their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.92.

About Robert Half

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.