Robert Half Inc. $RHI Shares Sold by Citigroup Inc.

Key Points

• Citigroup cut its stake in Robert Half by 52.1% in Q3, selling 66,187 shares and leaving it with 60,968 shares (about 0.06% of the company) worth roughly $2.07 million.
• Robert Half declared a quarterly dividend of $0.59 (annualized $2.36) implying a 9.5% yield, but the payout ratio is an elevated 177.44%, suggesting potential sustainability concerns.
• Analysts have a consensus rating of "Reduce" with a $31.75 target; the company recently reported Q earnings of $0.32 EPS (beat by $0.02) while revenue fell 5.8% year‑over‑year.

Citigroup Inc. trimmed its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 52.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,968 shares of the business services provider's stock after selling 66,187 shares during the period. Citigroup Inc. owned about 0.06% of Robert Half worth $2,072,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Robert Half during the 2nd quarter valued at $34,000. Hantz Financial Services Inc. raised its holdings in shares of Robert Half by 952.4% in the third quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider's stock worth $38,000 after acquiring an additional 1,000 shares during the last quarter. True Wealth Design LLC raised its holdings in shares of Robert Half by 393.8% in the second quarter. True Wealth Design LLC now owns 963 shares of the business services provider's stock worth $40,000 after acquiring an additional 768 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Robert Half by 362.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider's stock valued at $42,000 after acquiring an additional 971 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in shares of Robert Half by 20,257.1% in the third quarter. SJS Investment Consulting Inc. now owns 1,425 shares of the business services provider's stock valued at $48,000 after acquiring an additional 1,418 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Robert W. Baird set a $50.00 price objective on Robert Half in a research report on Friday, January 30th. Weiss Ratings restated a "sell (d)" rating on shares of Robert Half in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Robert Half from $29.00 to $31.00 and gave the stock a "neutral" rating in a research note on Friday, January 30th. Zacks Research upgraded shares of Robert Half from a "strong sell" rating to a "hold" rating in a report on Monday, February 2nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Robert Half from $24.00 to $27.00 and gave the company a "sell" rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $31.75.

Robert Half Stock Performance

NYSE RHI opened at $24.85 on Monday. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 18.68 and a beta of 0.91. Robert Half Inc. has a one year low of $22.32 and a one year high of $56.28. The company's 50 day moving average price is $27.44 and its 200 day moving average price is $29.64.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. Robert Half's revenue for the quarter was down 5.8% on a year-over-year basis. Sell-side analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Wednesday, February 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Wednesday, February 25th. Robert Half's dividend payout ratio is 177.44%.

Robert Half Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half's shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.

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