Robert Half Inc. (NYSE:RHI) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Robert Half Inc. (NYSE:RHI - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,433,585 shares of the business services provider's stock after acquiring an additional 148,577 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.33% of Robert Half worth $241,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA increased its stake in shares of Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after acquiring an additional 192 shares during the period. Eastern Bank purchased a new position in shares of Robert Half during the 4th quarter worth approximately $35,000. V Square Quantitative Management LLC lifted its holdings in shares of Robert Half by 70.6% in the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider's stock valued at $48,000 after buying an additional 281 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Robert Half by 310.3% in the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider's stock valued at $54,000 after buying an additional 602 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Robert Half by 6,641.7% during the third quarter. International Assets Investment Management LLC now owns 809 shares of the business services provider's stock worth $55,000 after acquiring an additional 797 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

RHI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price for the company in a report on Monday, February 10th. Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and boosted their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. StockNews.com raised Robert Half from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $74.92.

Robert Half Stock Performance

Robert Half stock traded down $0.27 during midday trading on Monday, reaching $54.49. 3,084,312 shares of the company were exchanged, compared to its average volume of 1,372,736. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 22.33 and a beta of 1.22. The firm's 50-day simple moving average is $64.13 and its 200-day simple moving average is $67.35. Robert Half Inc. has a 1 year low of $53.53 and a 1 year high of $81.85.

Robert Half (NYSE:RHI - Get Free Report) last announced 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, analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a dividend of $0.59 per share. 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. This represents a $2.36 annualized dividend and a yield of 4.33%. Robert Half's dividend payout ratio is 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.