TD Private Client Wealth LLC Purchases 3,228 Shares of Robert Half Inc. (NYSE:RHI)

TD Private Client Wealth LLC increased its position in shares of Robert Half Inc. (NYSE:RHI) by 124.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Teacher Retirement System of Texas raised its position in shares of Robert Half by 41.1% in the 4th quarter. Teacher Retirement System of Texas now owns 27,668 shares of the business services provider’s stock worth $1,949,000 after acquiring an additional 8,056 shares in the last quarter. Xponance Inc. grew its stake in Robert Half by 17.8% during the fourth quarter. Xponance Inc. now owns 6,195 shares of the business services provider’s stock worth $436,000 after purchasing an additional 936 shares during the period. Boston Partners increased its holdings in Robert Half by 17.5% in the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock worth $602,867,000 after purchasing an additional 1,271,237 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Robert Half in the fourth quarter valued at approximately $71,000. Finally, Signaturefd LLC lifted its stake in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of NYSE RHI opened at $54.95 on Tuesday. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 22.52 and a beta of 1.22. Robert Half Inc. has a fifty-two week low of $51.55 and a fifty-two week high of $79.84. The firm’s 50-day simple moving average is $60.84 and its 200 day simple moving average is $66.65.

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 return on equity of 17.20% and a net margin of 4.34%. On average, sell-side analysts predict 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 was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.29%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half’s payout ratio is currently 96.72%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BNP Paribas upgraded 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 note 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 report on Thursday, January 30th. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research note on Friday. Finally, 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 note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Robert Half presently has a consensus 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.