Hsbc Holdings PLC cut its stake in shares of H & R Block Inc (NYSE:HRB) by 34.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 332,842 shares of the company’s stock after selling 172,974 shares during the quarter. Hsbc Holdings PLC owned 0.16% of H & R Block worth $8,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in H & R Block by 4.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 663,601 shares of the company’s stock valued at $15,117,000 after buying an additional 29,098 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of H & R Block in the 2nd quarter worth approximately $109,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of H & R Block in the 2nd quarter worth approximately $247,000. Barings LLC grew its stake in shares of H & R Block by 80.0% in the 2nd quarter. Barings LLC now owns 109,805 shares of the company’s stock worth $2,501,000 after purchasing an additional 48,800 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of H & R Block in the 2nd quarter worth approximately $499,000. Institutional investors own 94.64% of the company’s stock.
Several brokerages have recently issued reports on HRB. ValuEngine raised shares of H & R Block from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. Zacks Investment Research reaffirmed a “hold” rating on shares of H & R Block in a research note on Tuesday, November 13th. Morgan Stanley lowered their price objective on shares of H & R Block from $27.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, August 29th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $27.00 price objective on shares of H & R Block in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.67.
Shares of HRB opened at $27.52 on Thursday. The company has a market capitalization of $5.66 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.09. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.27 and a current ratio of 2.27. H & R Block Inc has a 12-month low of $22.45 and a 12-month high of $29.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be paid a $0.25 dividend. The ex-dividend date is Friday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 3.63%. H & R Block’s dividend payout ratio is currently 33.56%.
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H & R Block 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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