Legal & General Group Plc Has $37.06 Million Holdings in Robert Half International Inc. (RHI)

Legal & General Group Plc grew its position in Robert Half International Inc. (NYSE:RHI) by 4.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 736,142 shares of the business services provider’s stock after acquiring an additional 30,565 shares during the period. Legal & General Group Plc owned about 0.59% of Robert Half International worth $37,058,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. increased its stake in shares of Robert Half International by 405.1% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after purchasing an additional 1,600 shares in the last quarter. Seven Eight Capital LP increased its stake in shares of Robert Half International by 134.7% during the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Robert Half International by 4.4% during the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after purchasing an additional 114 shares in the last quarter. Bremer Trust National Association purchased a new stake in shares of Robert Half International during the third quarter worth about $205,000. Finally, Smithfield Trust Co. purchased a new stake in shares of Robert Half International during the third quarter worth about $206,000. Institutional investors and hedge funds own 85.33% of the company’s stock.

In other news, insider Robert W. Glass sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $54.93, for a total value of $274,650.00. Following the completion of the sale, the insider now owns 321,428 shares of the company’s stock, valued at approximately $17,656,040.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $52.31, for a total transaction of $5,231,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Shares of Robert Half International Inc. (RHI) traded up $0.45 during midday trading on Friday, reaching $53.53. 1,306,500 shares of the company traded hands, compared to its average volume of 1,064,676. Robert Half International Inc. has a one year low of $42.92 and a one year high of $57.67. The stock has a market cap of $6,653.57, a PE ratio of 20.82 and a beta of 1.32.

Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. analysts predict that Robert Half International Inc. will post 2.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.79%. Robert Half International’s dividend payout ratio (DPR) is 37.65%.

A number of research firms have recently commented on RHI. BidaskClub cut shares of Robert Half International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Robert W. Baird boosted their target price on shares of Robert Half International from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. BMO Capital Markets boosted their target price on shares of Robert Half International from $49.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 25th. Finally, ValuEngine raised shares of Robert Half International from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Robert Half International has an average rating of “Hold” and a consensus price target of $50.78.

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Robert Half International Company Profile

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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