Cognios Capital LLC cut its position in shares of H & R Block Inc (NYSE:HRB) by 22.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 69,009 shares of the company’s stock after selling 19,573 shares during the quarter. Cognios Capital LLC’s holdings in H & R Block were worth $1,776,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of H & R Block by 20.5% in the 2nd quarter. BlackRock Inc. now owns 25,588,346 shares of the company’s stock worth $582,902,000 after acquiring an additional 4,356,920 shares during the last quarter. Millennium Management LLC grew its holdings in shares of H & R Block by 2,092.5% in the 2nd quarter. Millennium Management LLC now owns 3,162,665 shares of the company’s stock worth $72,046,000 after acquiring an additional 3,018,414 shares during the last quarter. Mackay Shields LLC grew its holdings in shares of H & R Block by 475.4% in the 2nd quarter. Mackay Shields LLC now owns 1,211,236 shares of the company’s stock worth $27,592,000 after acquiring an additional 1,000,724 shares during the last quarter. Unigestion Holding SA acquired a new position in shares of H & R Block in the 2nd quarter worth $17,847,000. Finally, Scout Investments Inc. grew its holdings in shares of H & R Block by 71.9% in the 2nd quarter. Scout Investments Inc. now owns 1,414,965 shares of the company’s stock worth $32,233,000 after acquiring an additional 591,662 shares during the last quarter. Institutional investors own 94.82% of the company’s stock.
A number of brokerages recently issued reports on HRB. ValuEngine upgraded H & R Block from a “strong sell” rating to a “sell” rating in a report on Thursday, August 30th. Zacks Investment Research upgraded H & R Block from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Barrington Research reaffirmed a “buy” rating and issued a $27.00 target price on shares of H & R Block in a research report on Thursday, August 23rd. Finally, Morgan Stanley decreased their target price on H & R Block from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. H & R Block currently has an average rating of “Hold” and a consensus target price of $25.67.
In other news, insider Thomas A. Gerke sold 70,000 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $26.54, for a total value of $1,857,800.00. Following the completion of the sale, the insider now owns 68,073 shares of the company’s stock, valued at $1,806,657.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company’s stock.
Shares of H & R Block stock opened at $26.46 on Friday. The firm has a market capitalization of $5.47 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 1.39 and a beta of 0.18. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 7.79. H & R Block Inc has a 12 month low of $22.45 and a 12 month high of $29.81.
H & R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 28th. The company reported ($0.72) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.77) by $0.05. The business had revenue of $145.00 million during the quarter, compared to analysts’ expectations of $137.57 million. H & R Block had a negative return on equity of 461.55% and a net margin of 18.66%. H & R Block’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.62) earnings per share. As a group, analysts predict that H & R Block Inc will post 1.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.78%. H & R Block’s dividend payout ratio (DPR) is presently 33.56%.
H & R Block Company Profile
H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
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