Robert Half Inc. (NYSE:RHI) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Robert Half Inc. (NYSE:RHI) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,160,555 shares of the business services provider’s stock after acquiring an additional 94,125 shares during the quarter. Bank of New York Mellon Corp’s holdings in Robert Half were worth $81,773,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Private Trust Co. NA increased its holdings in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. Eastern Bank acquired a new stake in Robert Half during the fourth quarter worth about $35,000. V Square Quantitative Management LLC boosted its stake in Robert Half by 70.6% in the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 281 shares during the period. Friedenthal Financial bought a new position in shares of Robert Half during the fourth quarter valued at approximately $56,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Robert Half by 310.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock worth $54,000 after purchasing an additional 602 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $90.00 in a report on Friday, December 13th. StockNews.com raised shares of Robert Half from a “hold” rating to a “buy” rating in a research note on Thursday. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research note on Monday, February 10th. Finally, Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $74.92.

Robert Half Stock Up 0.9 %

Shares of RHI opened at $58.99 on Monday. The firm has a market capitalization of $6.03 billion, a PE ratio of 24.18 and a beta of 1.23. The firm has a 50-day moving average price of $65.72 and a 200 day moving average price of $67.52. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $83.25.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (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%. On average, equities analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is currently 96.72%.

Robert Half Profile

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.