American Century Companies Inc. increased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 94.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,316,675 shares of the company’s stock after acquiring an additional 1,124,910 shares during the quarter. American Century Companies Inc. owned about 1.11% of H&R Block worth $61,346,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of HRB. OppenheimerFunds Inc. boosted its holdings in H&R Block by 5.0% in the 1st quarter. OppenheimerFunds Inc. now owns 15,366 shares of the company’s stock valued at $357,000 after purchasing an additional 731 shares during the last quarter. Teachers Advisors LLC boosted its holdings in H&R Block by 4.6% in the 1st quarter. Teachers Advisors LLC now owns 334,349 shares of the company’s stock valued at $7,774,000 after purchasing an additional 14,602 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in H&R Block by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,027,986 shares of the company’s stock valued at $23,900,000 after purchasing an additional 42,353 shares during the last quarter. KCG Holdings Inc. acquired a new position in H&R Block in the 1st quarter valued at about $293,000. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of H&R Block by 17.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 39,132 shares of the company’s stock worth $1,210,000 after acquiring an additional 5,795 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.
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H&R Block, Inc. (NYSE HRB) opened at $25.08 on Friday. H&R Block, Inc. has a twelve month low of $19.85 and a twelve month high of $31.80. The company has a debt-to-equity ratio of -6.97, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $5,243.22, a price-to-earnings ratio of 12.67, a PEG ratio of 1.15 and a beta of 0.54.
H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.62). H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The business had revenue of $138.00 million during the quarter, compared to analysts’ expectations of $129.33 million. During the same quarter in the prior year, the business posted ($0.56) EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. sell-side analysts expect that H&R Block, Inc. will post 1.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Friday, December 1st. H&R Block’s dividend payout ratio is currently 49.48%.
HRB has been the topic of several recent analyst reports. ValuEngine upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised shares of H&R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $27.00 target price on shares of H&R Block in a research note on Friday, October 13th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of H&R Block in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.67.
H&R Block 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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