Robert Half International Inc. (RHI) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its holdings in Robert Half International Inc. (NYSE:RHI) by 15.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,494 shares of the business services provider’s stock after selling 7,702 shares during the quarter. American International Group Inc.’s holdings in Robert Half International were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of RHI. Korea Investment CORP lifted its holdings in Robert Half International by 13.0% in the 2nd quarter. Korea Investment CORP now owns 98,800 shares of the business services provider’s stock valued at $4,735,000 after acquiring an additional 11,400 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Robert Half International by 19.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 350,058 shares of the business services provider’s stock valued at $16,778,000 after acquiring an additional 57,401 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Robert Half International by 3.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 604,518 shares of the business services provider’s stock valued at $28,975,000 after acquiring an additional 20,533 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Robert Half International by 12.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 12,176 shares of the business services provider’s stock valued at $610,000 after acquiring an additional 1,382 shares during the last quarter. Finally, Sigma Planning Corp lifted its holdings in Robert Half International by 2.8% in the 2nd quarter. Sigma Planning Corp now owns 23,887 shares of the business services provider’s stock valued at $1,145,000 after acquiring an additional 655 shares during the last quarter. 85.34% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the stock. Macquarie downgraded shares of Robert Half International from a “neutral” rating to an “underperform” rating and cut their price target for the company from $56.66 to $42.00 in a report on Tuesday, December 5th. ValuEngine lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. 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 upped their price objective on shares of Robert Half International from $49.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, October 25th. Finally, Credit Suisse Group upped their price objective on shares of Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.78.

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

Robert Half International Inc. (RHI) traded up $1.15 during mid-day trading on Monday, reaching $54.68. 991,600 shares of the company’s stock were exchanged, compared to its average volume of 1,064,368. Robert Half International Inc. has a 52 week low of $42.92 and a 52 week high of $57.67. The stock has a market capitalization of $6,854.13, a price-to-earnings ratio of 21.44 and a beta of 1.32.

Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates 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 firm 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 earnings per share. Robert Half International’s quarterly revenue was down 1.0% compared to the same quarter last year. analysts anticipate that Robert Half International Inc. will post 2.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. Robert Half International’s dividend payout ratio is 37.65%.

TRADEMARK VIOLATION NOTICE: “Robert Half International Inc. (RHI) Shares Sold by American International Group Inc.” was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/12/11/robert-half-international-inc-rhi-shares-sold-by-american-international-group-inc.html.

Robert Half International 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.

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half International Inc. (NYSE:RHI).

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

Receive News & Ratings for Robert Half International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply