Aperio Group LLC reduced its stake in H & R Block Inc (NYSE:HRB) by 9.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,451 shares of the company’s stock after selling 7,329 shares during the quarter. Aperio Group LLC’s holdings in H & R Block were worth $1,840,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its position in shares of H & R Block by 6.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 34,154 shares of the company’s stock valued at $778,000 after purchasing an additional 2,172 shares during the last quarter. Tower Research Capital LLC TRC raised its position in H & R Block by 103.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock worth $106,000 after buying an additional 2,369 shares during the last quarter. Assenagon Asset Management S.A. raised its position in H & R Block by 3.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 84,259 shares of the company’s stock worth $1,919,000 after buying an additional 2,542 shares during the last quarter. Janney Montgomery Scott LLC raised its position in H & R Block by 2.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 120,172 shares of the company’s stock worth $2,738,000 after buying an additional 2,814 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in H & R Block by 34.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 11,120 shares of the company’s stock worth $253,000 after buying an additional 2,839 shares during the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on HRB. ValuEngine raised shares of H & R Block from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Zacks Investment Research raised shares of H & R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Barrington Research reissued a “buy” rating and set a $27.00 price target on shares of H & R Block in a research report on Thursday, August 23rd. Finally, Morgan Stanley reduced their price target on shares of H & R Block from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.67.
In other news, insider Thomas A. Gerke sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $26.54, for a total transaction of $1,857,800.00. Following the sale, the insider now owns 68,073 shares of the company’s stock, valued at approximately $1,806,657.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.
HRB opened at $28.73 on Friday. H & R Block Inc has a 12-month low of $22.45 and a 12-month high of $29.81. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 7.79. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 1.43 and a beta of 0.07.
H & R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, August 28th. The company reported ($0.72) EPS for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.05. The business had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $137.57 million. H & R Block had a net margin of 18.66% and a negative return on equity of 461.55%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.62) EPS. Analysts expect that H & R Block Inc will post 1.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.48%. H & R Block’s payout ratio is 33.56%.
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About H & R Block
H&R Block, Inc engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia.
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