H&R Block, Inc. (NYSE:HRB) was the recipient of unusually large options trading on Tuesday. Traders acquired 4,672 put options on the stock. This represents an increase of approximately 373% compared to the typical volume of 987 put options.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock valued at $762,078,000 after buying an additional 31,852,089 shares during the period. Vanguard Group Inc. increased its stake in shares of H&R Block by 1.7% in the first quarter. Vanguard Group Inc. now owns 20,813,812 shares of the company’s stock valued at $483,921,000 after buying an additional 348,330 shares during the period. State Street Corp increased its stake in shares of H&R Block by 6.3% in the first quarter. State Street Corp now owns 10,668,894 shares of the company’s stock valued at $248,052,000 after buying an additional 636,772 shares during the period. Bank of New York Mellon Corp increased its stake in shares of H&R Block by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 7,932,832 shares of the company’s stock valued at $184,439,000 after buying an additional 685,702 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of H&R Block by 3.3% in the first quarter. First Eagle Investment Management LLC now owns 5,941,335 shares of the company’s stock valued at $138,136,000 after buying an additional 191,368 shares during the period. 94.34% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded H&R Block from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, May 24th. BTIG Research restated a “buy” rating and set a $17.00 target price on shares of H&R Block in a research note on Monday, March 27th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of H&R Block in a research note on Friday, March 10th. Finally, BMO Capital Markets restated a “hold” rating on shares of H&R Block in a research note on Sunday, March 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.13.

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About H&R Block

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

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