Schwab Charles Investment Management Inc. lifted its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 8.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,064,213 shares of the company’s stock after purchasing an additional 85,120 shares during the period. Schwab Charles Investment Management Inc. owned 0.51% of H&R Block worth $32,895,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of H&R Block by 58.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,567 shares of the company’s stock worth $106,000 after purchasing an additional 1,682 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of H&R Block during the first quarter valued at $122,000. Salem Investment Counselors Inc. acquired a new position in shares of H&R Block during the first quarter valued at $136,000. Daiwa Securities Group Inc. lifted its stake in shares of H&R Block by 24.1% during the first quarter. Daiwa Securities Group Inc. now owns 6,700 shares of the company’s stock valued at $156,000 after acquiring an additional 1,300 shares during the period. Finally, Invictus RG acquired a new position in shares of H&R Block during the first quarter valued at $199,000. Institutional investors own 90.28% of the company’s stock.
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Several equities analysts have recently issued reports on HRB shares. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of H&R Block in a research note on Thursday, August 31st. Zacks Investment Research raised H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, May 24th. BTIG Research reaffirmed a “sell” rating and set a $19.00 price target on shares of H&R Block in a research note on Tuesday, August 29th. Northcoast Research reaffirmed a “neutral” rating on shares of H&R Block in a research note on Wednesday, August 30th. Finally, BidaskClub lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.71.
H&R Block, Inc. (NYSE HRB) opened at 26.55 on Wednesday. The firm has a 50-day moving average price of $29.40 and a 200 day moving average price of $26.83. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 14.00 and a beta of 0.56. H&R Block, Inc. has a 1-year low of $19.85 and a 1-year high of $31.80.
H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, meeting analysts’ consensus estimates of ($0.62). H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The firm had revenue of $138.00 million for the quarter, compared to analyst estimates of $129.33 million. During the same quarter in the previous year, the company posted ($0.56) EPS. The business’s revenue was up 10.4% on a year-over-year basis. Equities analysts predict that H&R Block, Inc. will post $1.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be given a $0.24 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.62%. H&R Block’s dividend payout ratio (DPR) is presently 49.48%.
In other news, insider William C. Cobb sold 750,000 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total value of $22,800,000.00. Following the transaction, the insider now directly owns 1,301,458 shares of the company’s stock, valued at approximately $39,564,323.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kathryn M. Collins sold 2,931 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total value of $88,955.85. Following the completion of the transaction, the senior vice president now directly owns 17,372 shares in the company, valued at $527,240.20. The disclosure for this sale can be found here. Insiders sold a total of 1,473,471 shares of company stock worth $45,309,203 in the last quarter. Corporate insiders own 0.63% of the company’s stock.
H&R Block Company Profile
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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