Truist Financial Corp Has $665,000 Holdings in Robert Half Inc. $RHI

Key Points

• Truist Financial Corp reduced its holdings in Robert Half Inc. by 45%, now owning 16,192 shares valued at approximately $665,000.
• Robert Half reported a quarterly earnings per share of $0.41, exceeding analysts' expectations of $0.40, even though its revenue declined by 7% year-over-year.
• The company recently paid a quarterly dividend of $0.59 per share, resulting in an annualized yield of 7.2%, with a payout ratio of 134.86%.

Truist Financial Corp lessened its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 45.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,192 shares of the business services provider's stock after selling 13,235 shares during the quarter. Truist Financial Corp's holdings in Robert Half were worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of RHI. Quarry LP grew its holdings in shares of Robert Half by 540.8% during the 1st quarter. Quarry LP now owns 487 shares of the business services provider's stock worth $27,000 after purchasing an additional 411 shares in the last quarter. CX Institutional bought a new position in shares of Robert Half during the 1st quarter worth approximately $33,000. Manchester Capital Management LLC lifted its position in shares of Robert Half by 45.0% during the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider's stock worth $45,000 after buying an additional 256 shares during the period. Allworth Financial LP lifted its position in shares of Robert Half by 80.4% during the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock worth $80,000 after buying an additional 650 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Robert Half by 30.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,013 shares of the business services provider's stock worth $83,000 after buying an additional 467 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Stock Up 1.7%

RHI stock opened at $32.61 on Wednesday. The company has a market cap of $3.32 billion, a P/E ratio of 18.63 and a beta of 1.02. Robert Half Inc. has a twelve month low of $31.25 and a twelve month high of $78.41. The business has a fifty day moving average of $35.22 and a 200-day moving average of $41.13.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The firm's quarterly revenue was down 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 25th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.2%. Robert Half's payout ratio is 134.86%.

Analyst Ratings Changes

Several equities analysts recently commented on RHI shares. JPMorgan Chase & Co. cut their target price on Robert Half from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, July 24th. Truist Financial cut their target price on Robert Half from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Monday. Weiss Ratings restated a "sell (d+)" rating on shares of Robert Half in a research report on Tuesday. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Zacks Research downgraded Robert Half from a "hold" rating to a "strong sell" rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Robert Half has a consensus rating of "Reduce" and a consensus target price of $45.00.

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.

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