Beacon Investment Advisory Services Inc. Lowers Stake in H & R Block Inc (NYSE:HRB)

Beacon Investment Advisory Services Inc. lowered its holdings in shares of H & R Block Inc (NYSE:HRB) by 53.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,157 shares of the company’s stock after selling 10,550 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in H & R Block were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its position in shares of H & R Block by 2.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,302,315 shares of the company’s stock valued at $166,885,000 after purchasing an additional 157,794 shares during the last quarter. APG Asset Management N.V. increased its holdings in H & R Block by 21.1% in the 4th quarter. APG Asset Management N.V. now owns 4,925,349 shares of the company’s stock worth $107,547,000 after acquiring an additional 859,300 shares in the last quarter. Schroder Investment Management Group increased its holdings in H & R Block by 8.5% in the 3rd quarter. Schroder Investment Management Group now owns 2,891,297 shares of the company’s stock worth $78,759,000 after acquiring an additional 226,915 shares in the last quarter. American Century Companies Inc. increased its holdings in H & R Block by 94.4% in the 3rd quarter. American Century Companies Inc. now owns 2,316,675 shares of the company’s stock worth $61,346,000 after acquiring an additional 1,124,910 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in H & R Block by 838.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock worth $45,101,000 after acquiring an additional 1,303,700 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

H & R Block Inc (HRB) opened at $25.91 on Wednesday. H & R Block Inc has a 52 week low of $19.85 and a 52 week high of $31.80. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of -3.62. The firm has a market capitalization of $5,253.90, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 0.86 and a beta of 0.37.

H & R Block (NYSE:HRB) last posted its quarterly earnings results on Wednesday, December 6th. The company reported ($0.71) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.72) by $0.01. H & R Block had a negative return on equity of 110.06% and a net margin of 12.90%. The business had revenue of $140.85 million during the quarter, compared to the consensus estimate of $131.24 million. During the same period in the prior year, the company posted ($0.67) EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities analysts anticipate that H & R Block Inc will post 2.66 earnings per share for the current fiscal year.

Several research firms recently issued reports on HRB. Oppenheimer reissued a “hold” rating on shares of H & R Block in a report on Thursday, December 7th. BMO Capital Markets reissued a “market perform” rating and issued a $30.00 target price on shares of H & R Block in a report on Thursday, December 7th. Zacks Investment Research lowered shares of H & R Block from a “hold” rating to a “sell” rating in a report on Friday, December 8th. Finally, ValuEngine lowered shares of H & R Block from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.67.

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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)

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