Robert Half Inc. (NYSE:RHI) Shares Sold by Citigroup Inc.

Citigroup Inc. trimmed its position in Robert Half Inc. (NYSE:RHI) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,809 shares of the business services provider’s stock after selling 3,776 shares during the period. Citigroup Inc.’s holdings in Robert Half were worth $5,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RHI. Thrivent Financial for Lutherans grew its stake in shares of Robert Half by 27,895.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock worth $79,652,000 after purchasing an additional 1,240,492 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after buying an additional 1,049,005 shares in the last quarter. AQR Capital Management LLC grew its position in Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock worth $99,439,000 after buying an additional 786,031 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Robert Half by 54.7% in the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after buying an additional 575,879 shares in the last quarter. Finally, Miller Howard Investments Inc. NY acquired a new stake in shares of Robert Half during the 2nd quarter valued at $35,357,000. 92.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $69.00.

Robert Half Stock Performance

Robert Half stock opened at $74.61 on Monday. The company has a 50 day moving average price of $70.10 and a 200 day moving average price of $65.94. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 27.23 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. Robert Half’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. Equities analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is 77.37%.

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.