Principal Financial Group Inc. Has $34.65 Million Stock Holdings in Robert Half Inc. (NYSE:RHI)

Principal Financial Group Inc. grew its position in Robert Half Inc. (NYSE:RHI - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 491,773 shares of the business services provider's stock after purchasing an additional 10,122 shares during the period. Principal Financial Group Inc. owned about 0.48% of Robert Half worth $34,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after purchasing an additional 192 shares during the period. Reston Wealth Management LLC bought a new position in shares of Robert Half during the third quarter valued at $34,000. Eastern Bank acquired a new stake in shares of Robert Half in the 4th quarter valued at $35,000. V Square Quantitative Management LLC grew 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 worth $48,000 after purchasing an additional 281 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Robert Half by 310.3% during 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 in the last quarter. Institutional investors own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of recent analyst reports. 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 report on Monday, February 10th. Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Finally, Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and raised their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $74.92.

Remove Ads

Robert Half Stock Performance

RHI traded down $0.79 during midday trading on Tuesday, reaching $59.70. 1,108,582 shares of the company were exchanged, compared to its average volume of 1,259,772. The stock has a market capitalization of $6.10 billion, a P/E ratio of 24.47 and a beta of 1.23. The stock's 50-day simple moving average is $66.45 and its 200 day simple moving average is $67.59. Robert Half Inc. has a one year low of $57.05 and a one year high of $83.25.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.59 per share. This is an increase from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 3.95%. Robert Half's dividend 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.