PNC Financial Services Group Inc. Sells 225 Shares of Robert Half Inc. (NYSE:RHI)

PNC Financial Services Group Inc. decreased its holdings in Robert Half Inc. (NYSE:RHI) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,090 shares of the business services provider’s stock after selling 225 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Robert Half were worth $711,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RHI. FORA Capital LLC purchased a new stake in shares of Robert Half in the third quarter worth about $1,792,000. Van ECK Associates Corp lifted its position in shares of Robert Half by 24.1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after buying an additional 16,668 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Robert Half by 347.9% in the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after buying an additional 12,883 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Robert Half by 48.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock worth $56,000 after buying an additional 258 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Robert Half by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after buying an additional 46,100 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a research report on Monday, February 10th. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.92.

Robert Half Stock Performance

Shares of RHI stock opened at $54.09 on Wednesday. Robert Half Inc. has a 52-week low of $51.55 and a 52-week high of $81.85. The firm has a market capitalization of $5.53 billion, a P/E ratio of 22.17 and a beta of 1.22. The stock has a 50 day moving average price of $61.85 and a 200 day moving average price of $66.87.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) 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%. As a group, sell-side analysts forecast 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 is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.36%. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 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.