Hussman Strategic Advisors Inc. Invests $1.40 Million in H&R Block, Inc. (NYSE:HRB)

Hussman Strategic Advisors Inc. bought a new stake in H&R Block, Inc. (NYSE:HRB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 53,000 shares of the company’s stock, valued at approximately $1,403,000.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of H&R Block by 247.1% during the second quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock worth $94,759,000 after buying an additional 2,182,306 shares during the period. Schroder Investment Management Group lifted its position in H&R Block by 208.9% in the second quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock worth $82,277,000 after purchasing an additional 1,801,791 shares during the period. APG Asset Management N.V. lifted its position in H&R Block by 70.5% in the third quarter. APG Asset Management N.V. now owns 4,066,049 shares of the company’s stock worth $107,669,000 after purchasing an additional 1,681,474 shares during the period. Lord Abbett & CO. LLC lifted its position in H&R Block by 838.9% in the second quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock worth $45,101,000 after purchasing an additional 1,303,700 shares during the period. Finally, American Century Companies Inc. lifted its position in H&R Block by 5,390.7% in the second quarter. American Century Companies Inc. now owns 1,191,765 shares of the company’s stock worth $36,837,000 after purchasing an additional 1,170,060 shares during the period. Institutional investors own 91.74% of the company’s stock.

H&R Block, Inc. (NYSE HRB) traded down $0.32 during midday trading on Friday, hitting $25.08. 4,449,400 shares of the stock traded hands, compared to its average volume of 2,341,317. H&R Block, Inc. has a 12 month low of $19.85 and a 12 month high of $31.80. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of -6.97. The firm has a market capitalization of $5,243.22, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54.

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 the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $129.33 million. During the same period in the prior year, the firm earned ($0.56) earnings per share. H&R Block’s revenue was up 10.4% compared to the same quarter last year. research analysts expect that H&R Block, Inc. will post 1.98 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.96 dividend on an annualized basis and a yield of 3.83%. H&R Block’s payout ratio is presently 49.48%.

ILLEGAL ACTIVITY WARNING: “Hussman Strategic Advisors Inc. Invests $1.40 Million in H&R Block, Inc. (NYSE:HRB)” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2017/11/12/hussman-strategic-advisors-inc-buys-shares-of-53000-hr-block-inc-hrb.html.

Several research firms have issued reports on HRB. BidaskClub raised shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. ValuEngine cut shares of H&R Block from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. BMO Capital Markets reiterated a “market perform” rating and issued a $31.00 price objective on shares of H&R Block in a report on Thursday, August 31st. Zacks Investment Research upgraded shares of H&R Block from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Credit Suisse Group restated a “neutral” rating and set a $30.00 price target (up from $29.00) on shares of H&R Block in a report on Wednesday, August 30th. 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 company has a consensus rating of “Hold” and an average 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.

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

Receive News & Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply