Credit Suisse AG boosted its stake in H & R Block Inc (NYSE:HRB) by 25.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 475,232 shares of the company’s stock after purchasing an additional 96,113 shares during the period. Credit Suisse AG owned about 0.23% of H & R Block worth $12,237,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in H & R Block by 103.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $106,000 after purchasing an additional 2,369 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in H & R Block in the 2nd quarter valued at approximately $109,000. Caption Management LLC acquired a new stake in H & R Block in the 2nd quarter valued at approximately $114,000. Atlas Capital Advisors LLC acquired a new stake in H & R Block in the 3rd quarter valued at approximately $122,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in H & R Block in the 2nd quarter valued at approximately $137,000. Hedge funds and other institutional investors own 94.64% of the company’s stock.
Shares of HRB stock opened at $27.04 on Friday. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.27 and a quick ratio of 2.27. H & R Block Inc has a 52 week low of $22.45 and a 52 week high of $29.81. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 1.44 and a beta of 0.09.
H & R Block (NYSE:HRB) last issued its quarterly earnings results on Thursday, December 6th. The company reported ($0.83) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.93) by $0.10. H & R Block had a net margin of 18.66% and a negative return on equity of 461.55%. The company had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $139.80 million. During the same quarter last year, the company posted ($0.71) EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that H & R Block Inc will post 1.91 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be given a $0.25 dividend. The ex-dividend date is Friday, November 30th. This represents a $1.00 annualized dividend and a yield of 3.70%. H & R Block’s dividend payout ratio is presently 33.56%.
Several research firms recently weighed in on HRB. Morgan Stanley set a $27.00 target price on shares of H & R Block and gave the company a “hold” rating in a report on Friday. ValuEngine upgraded shares of H & R Block from a “strong sell” rating to a “sell” rating in a report on Thursday, August 30th. Zacks Investment Research upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Barrington Research reiterated a “buy” rating and issued a $27.00 target price on shares of H & R Block in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.81.
H & R Block Profile
H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
See Also: What is a bull market?
Want to see what other hedge funds are holding HRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H & R Block Inc (NYSE:HRB).
Receive News & Ratings for H & R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H & R Block and related companies with MarketBeat.com's FREE daily email newsletter.