Swiss National Bank Buys 8,100 Shares of H&R Block, Inc. (HRB)

Swiss National Bank boosted its position in shares of H&R Block, Inc. (NYSE:HRB) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 761,566 shares of the company’s stock after buying an additional 8,100 shares during the quarter. Swiss National Bank owned 364,281.07% of H&R Block worth $20,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake 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 valued at $94,759,000 after purchasing an additional 2,182,306 shares during the period. Schroder Investment Management Group boosted its stake in shares of H&R Block by 208.9% during the second quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock valued at $82,277,000 after purchasing an additional 1,801,791 shares during the period. APG Asset Management N.V. boosted its stake in shares of H&R Block by 70.5% during the third quarter. APG Asset Management N.V. now owns 4,066,049 shares of the company’s stock valued at $107,669,000 after purchasing an additional 1,681,474 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of H&R Block by 838.9% during the second quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock valued at $45,101,000 after purchasing an additional 1,303,700 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of H&R Block by 5,390.7% during the second quarter. American Century Companies Inc. now owns 1,191,765 shares of the company’s stock valued at $36,837,000 after purchasing an additional 1,170,060 shares during the period. 95.21% of the stock is owned by institutional investors.

HRB has been the subject of a number of research reports. BTIG Research reaffirmed a “sell” rating and issued a $19.00 price objective on shares of H&R Block in a research note on Tuesday, August 29th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $30.00 price objective (up from $29.00) on shares of H&R Block in a research note on Wednesday, August 30th. Oppenheimer reiterated a “market perform” rating on shares of H&R Block in a report on Thursday, August 31st. BMO Capital Markets reiterated a “hold” rating and issued a $27.00 target price on shares of H&R Block in a report on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of H&R Block from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.67.

H&R Block, Inc. (NYSE:HRB) traded up $0.39 on Monday, hitting $26.25. 4,556,463 shares of the stock traded hands, compared to its average volume of 3,040,080. The firm has a market capitalization of $5,406.29, a P/E ratio of 13.06, a P/E/G ratio of 1.19 and a beta of 0.56. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be given a $0.24 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.96 dividend on an annualized basis and a yield of 3.66%. H&R Block’s dividend payout ratio is currently 49.48%.

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H&R Block Company 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)

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