Sciencast Management LP boosted its holdings in shares of H & R Block Inc (NYSE:HRB) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,187 shares of the company’s stock after acquiring an additional 2,697 shares during the period. Sciencast Management LP’s holdings in H & R Block were worth $538,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of H & R Block by 3.1% in the fourth quarter. Bank of New York Mellon Corp now owns 6,553,820 shares of the company’s stock worth $171,840,000 after acquiring an additional 199,162 shares during the period. APG Asset Management N.V. grew its position in H & R Block by 21.1% during the fourth quarter. APG Asset Management N.V. now owns 4,925,349 shares of the company’s stock valued at $107,547,000 after buying an additional 859,300 shares during the period. Schroder Investment Management Group grew its position in H & R Block by 58.9% during the fourth quarter. Schroder Investment Management Group now owns 4,594,678 shares of the company’s stock valued at $120,472,000 after buying an additional 1,703,381 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in H & R Block during the fourth quarter valued at approximately $106,233,000. Finally, Wells Fargo & Company MN grew its position in H & R Block by 217.3% during the third quarter. Wells Fargo & Company MN now owns 1,374,306 shares of the company’s stock valued at $36,392,000 after buying an additional 941,182 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on HRB shares. Zacks Investment Research lowered shares of H & R Block from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Goldman Sachs started coverage on shares of H & R Block in a research report on Tuesday, March 27th. They issued a “neutral” rating and a $28.00 price target for the company. ValuEngine upgraded shares of H & R Block from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th. BTIG Research reissued a “sell” rating and issued a $21.00 target price on shares of H & R Block in a report on Sunday, March 11th. Finally, Northcoast Research raised shares of H & R Block from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $25.02 to $24.69 in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. H & R Block currently has an average rating of “Hold” and a consensus price target of $27.71.
NYSE HRB opened at $25.51 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of -3.27. The stock has a market capitalization of $5,366.80, a PE ratio of 13.02, a P/E/G ratio of 0.85 and a beta of 0.29. H & R Block Inc has a 12 month low of $22.82 and a 12 month high of $31.80.
H & R Block (NYSE:HRB) last issued its earnings results on Tuesday, March 6th. The company reported ($1.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.29) by $0.13. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The company had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $459.14 million. During the same period in the prior year, the business earned ($0.49) EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. equities research analysts anticipate that H & R Block Inc will post 2.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Tuesday, March 13th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Monday, March 12th. H & R Block’s payout ratio is 48.98%.
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About H & R Block
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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