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%.
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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.
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