BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of H & R Block Inc (NYSE:HRB) by 120.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 142,537 shares of the company’s stock after purchasing an additional 77,906 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in H & R Block were worth $3,616,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Duality Advisers LP purchased a new stake in H & R Block during the 4th quarter valued at $2,562,000. Hsbc Holdings PLC raised its stake in H & R Block by 3.3% during the 4th quarter. Hsbc Holdings PLC now owns 343,670 shares of the company’s stock valued at $8,719,000 after buying an additional 10,828 shares during the last quarter. Aptus Capital Advisors LLC purchased a new stake in H & R Block during the 4th quarter valued at $1,586,000. Bessemer Group Inc. raised its stake in H & R Block by 423.5% during the 4th quarter. Bessemer Group Inc. now owns 535,506 shares of the company’s stock valued at $13,585,000 after buying an additional 433,210 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in H & R Block by 13.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 35,618 shares of the company’s stock valued at $904,000 after buying an additional 4,270 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.
Shares of HRB opened at $24.25 on Friday. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 1.23 and a beta of 0.10. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 7.79. H & R Block Inc has a 1-year low of $22.45 and a 1-year high of $29.81.
H & R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.03). H & R Block had a net margin of 21.79% and a return on equity of 829.18%. The business had revenue of $468.00 million for the quarter, compared to the consensus estimate of $465.48 million. During the same period in the previous year, the firm earned ($1.16) EPS. The company’s revenue was down 4.1% on a year-over-year basis. Sell-side analysts expect that H & R Block Inc will post 1.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Friday, March 15th. H & R Block’s payout ratio is 33.56%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of H & R Block from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Morgan Stanley boosted their target price on shares of H & R Block from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, December 7th. ValuEngine lowered shares of H & R Block from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Finally, Goldman Sachs Group lowered shares of H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 target price for the company. in a research note on Thursday, January 31st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.67.
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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.
Further Reading: Cost of Debt
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