Wedge Capital Management L L P NC Purchases 2,444 Shares of H & R Block Inc (HRB)

Wedge Capital Management L L P NC boosted its position in H & R Block Inc (NYSE:HRB) by 10.1% during the third quarter, Holdings Channel reports. The institutional investor owned 26,656 shares of the company’s stock after purchasing an additional 2,444 shares during the quarter. Wedge Capital Management L L P NC’s holdings in H & R Block were worth $686,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its position in H & R Block by 20.5% in the 2nd quarter. BlackRock Inc. now owns 25,588,346 shares of the company’s stock valued at $582,902,000 after buying an additional 4,356,920 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in H & R Block by 9.0% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 4,338,300 shares of the company’s stock valued at $98,826,000 after buying an additional 359,700 shares during the last quarter. Northern Trust Corp raised its position in H & R Block by 5.3% in the 2nd quarter. Northern Trust Corp now owns 3,284,789 shares of the company’s stock valued at $74,828,000 after buying an additional 166,316 shares during the last quarter. Millennium Management LLC raised its position in 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 valued at $72,046,000 after buying an additional 3,018,414 shares during the last quarter. Finally, American Century Companies Inc. raised its position in H & R Block by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 2,759,036 shares of the company’s stock valued at $62,851,000 after buying an additional 366,183 shares during the last quarter. 95.08% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the company. ValuEngine raised H & R Block from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Zacks Investment Research lowered H & R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Barrington Research reaffirmed a “buy” rating and set a $27.00 price target on shares of H & R Block in a research report on Thursday, August 23rd. Finally, Morgan Stanley lowered their price target on H & R Block from $27.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $25.67.

In other H & R Block news, insider Thomas A. Gerke sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $26.54, for a total transaction of $1,857,800.00. Following the transaction, the insider now owns 68,073 shares of the company’s stock, valued at approximately $1,806,657.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

NYSE:HRB opened at $28.73 on Friday. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 1.48 and a beta of 0.07. H & R Block Inc has a twelve month low of $22.45 and a twelve month high of $29.81. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 7.79.

H & R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, August 28th. The company reported ($0.72) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.77) by $0.05. The firm had revenue of $145.00 million for the quarter, compared to analyst estimates of $137.57 million. H & R Block had a negative return on equity of 461.55% and a net margin of 18.66%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.62) EPS. Research analysts forecast that H & R Block Inc will post 1.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, November 30th. H & R Block’s dividend payout ratio (DPR) is 33.56%.

TRADEMARK VIOLATION NOTICE: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/11/10/wedge-capital-management-l-l-p-nc-purchases-2444-shares-of-h-r-block-inc-hrb.html.

H & R Block Company Profile

H&R Block, Inc engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia.

Featured Story: Stop Order

Want to see what other hedge funds are holding HRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H & R Block Inc (NYSE:HRB).

Institutional Ownership by Quarter for H & R Block (NYSE:HRB)

Receive News & Ratings for H & R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H & R Block and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply