Cambridge Investment Research Advisors Inc. decreased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 19.1% in the third quarter, Holdings Channel reports. The firm owned 13,423 shares of the company’s stock after selling 3,173 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in H&R Block were worth $336,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Balyasny Asset Management LLC lifted its stake in H&R Block by 295.0% during the second quarter. Balyasny Asset Management LLC now owns 311,126 shares of the company’s stock worth $7,305,000 after purchasing an additional 232,365 shares during the period. Shilanski & Associates Inc. bought a new position in H&R Block during the third quarter worth about $1,251,000. Islay Capital Management LLC bought a new position in H&R Block during the third quarter worth about $129,000. AXA S.A. lifted its stake in H&R Block by 1.9% during the second quarter. AXA S.A. now owns 88,900 shares of the company’s stock worth $2,087,000 after purchasing an additional 1,700 shares during the period. Finally, PGGM Investments lifted its stake in H&R Block by 26.4% during the third quarter. PGGM Investments now owns 823,716 shares of the company’s stock worth $20,593,000 after purchasing an additional 172,022 shares during the period. Hedge funds and other institutional investors own 83.25% of the company’s stock.
Shares of HRB opened at $22.10 on Friday. H&R Block, Inc. has a 12 month low of $15.90 and a 12 month high of $26.51. The company has a 50-day moving average price of $23.91 and a two-hundred day moving average price of $24.48. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 127.80. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 5.12, a P/E/G ratio of 0.62 and a beta of 0.77.
The company also recently announced a quarterly dividend, which was paid on Monday, January 3rd. Stockholders of record on Monday, December 6th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date was Friday, December 3rd. H&R Block’s dividend payout ratio (DPR) is currently 25.00%.
In other news, Director Robert A. Gerard bought 5,000 shares of the business’s stock in a transaction dated Thursday, November 4th. The stock was bought at an average price of $25.14 per share, for a total transaction of $125,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.98% of the company’s stock.
H&R Block Company Profile
H&R Block, Inc engages in the provision of tax preparation and other services. The firm offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail; and provides DIY tax services, including federal and state income tax returns, access to tax tips, advice and tax-related news, use of calculators for tax planning, and error checking and electronic filing.
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