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%.
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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.
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