Robeco Institutional Asset Management B.V. Sells 51,285 Shares of H & R Block Inc (NYSE:HRB)

Robeco Institutional Asset Management B.V. lessened its position in H & R Block Inc (NYSE:HRB) by 2.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,825,382 shares of the company’s stock after selling 51,285 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in H & R Block were worth $43,115,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in H & R Block by 5.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 138,034 shares of the company’s stock worth $3,260,000 after buying an additional 7,471 shares during the period. Navellier & Associates Inc increased its stake in H & R Block by 25.1% in the 3rd quarter. Navellier & Associates Inc now owns 33,561 shares of the company’s stock worth $793,000 after buying an additional 6,735 shares during the period. CIBC Private Wealth Group LLC increased its stake in H & R Block by 19.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 67,569 shares of the company’s stock worth $1,596,000 after buying an additional 11,130 shares during the period. Campbell & CO Investment Adviser LLC increased its position in H & R Block by 128.7% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 27,899 shares of the company’s stock valued at $659,000 after purchasing an additional 15,699 shares during the period. Finally, Hamlin Capital Management LLC increased its position in H & R Block by 18.1% during the 3rd quarter. Hamlin Capital Management LLC now owns 2,384,159 shares of the company’s stock valued at $56,314,000 after purchasing an additional 366,132 shares during the period.

NYSE HRB opened at $23.28 on Friday. The company has a debt-to-equity ratio of 6.14, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.19 and a beta of 0.24. The company’s 50-day simple moving average is $23.78 and its two-hundred day simple moving average is $26.39. H & R Block Inc has a one year low of $22.96 and a one year high of $29.62.

H & R Block (NYSE:HRB) last posted its earnings results on Wednesday, August 28th. The company reported ($0.72) EPS for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.03. The business had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.35 million. H & R Block had a net margin of 13.71% and a return on equity of 305.29%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.72) EPS. Equities analysts expect that H & R Block Inc will post 1.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend was Thursday, September 12th. H & R Block’s dividend payout ratio (DPR) is 48.37%.

A number of research analysts have commented on the stock. ValuEngine raised shares of H & R Block from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Morgan Stanley cut their target price on shares of H & R Block from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. TheStreet downgraded shares of H & R Block from a “b” rating to a “c+” rating in a research report on Wednesday, August 28th. Barrington Research cut their target price on shares of H & R Block from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Northcoast Research downgraded shares of H & R Block from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. H & R Block presently has a consensus rating of “Hold” and an average target price of $27.00.

H & R Block Company 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.

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Institutional Ownership by Quarter for H & R Block (NYSE:HRB)

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