Amalgamated Bank Has $1.20 Million Stake in Robert Half International Inc. (RHI)
Amalgamated Bank lifted its stake in Robert Half International Inc. (NYSE:RHI) by 21.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,108 shares of the business services provider’s stock after purchasing an additional 4,452 shares during the period. Amalgamated Bank’s holdings in Robert Half International were worth $1,203,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Robert Half International in the 1st quarter worth $2,817,000. Clinton Group Inc. purchased a new stake in shares of Robert Half International in the 1st quarter worth $1,169,000. Principal Financial Group Inc. increased its stake in shares of Robert Half International by 0.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,328,705 shares of the business services provider’s stock worth $63,685,000 after purchasing an additional 6,176 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Robert Half International by 8.7% in the 2nd quarter. Legal & General Group Plc now owns 705,577 shares of the business services provider’s stock worth $33,819,000 after purchasing an additional 56,578 shares in the last quarter. Finally, Todd Asset Management LLC increased its stake in shares of Robert Half International by 2.3% in the 2nd quarter. Todd Asset Management LLC now owns 298,283 shares of the business services provider’s stock worth $14,297,000 after purchasing an additional 6,581 shares in the last quarter. Hedge funds and other institutional investors own 84.10% of the company’s stock.
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Shares of Robert Half International Inc. (NYSE:RHI) opened at 48.60 on Monday. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 18.84 and a beta of 1.24. Robert Half International Inc. has a 52 week low of $34.42 and a 52 week high of $50.98. The firm has a 50-day moving average price of $44.66 and a 200-day moving average price of $46.59.
Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, July 25th. The business services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. On average, equities analysts anticipate that Robert Half International Inc. will post $2.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.98%. Robert Half International’s dividend payout ratio is currently 37.21%.
Several equities research analysts have recently commented on the company. ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a research note on Friday. BidaskClub upgraded Robert Half International from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BMO Capital Markets upped their price objective on Robert Half International from $45.00 to $49.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Robert Half International has an average rating of “Hold” and an average target price of $47.86.
About Robert Half International
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.
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