United Services Automobile Association boosted its stake in H & R Block Inc (NYSE:HRB) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,228 shares of the company’s stock after acquiring an additional 5,880 shares during the quarter. United Services Automobile Association owned about 0.11% of H & R Block worth $5,663,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Korea Investment CORP raised its position in shares of H & R Block by 30.3% during the 3rd quarter. Korea Investment CORP now owns 457,300 shares of the company’s stock valued at $11,775,000 after acquiring an additional 106,400 shares in the last quarter. Freestone Capital Holdings LLC increased its position in H & R Block by 0.6% in the third quarter. Freestone Capital Holdings LLC now owns 933,741 shares of the company’s stock worth $24,044,000 after buying an additional 6,007 shares during the period. Park National Corp OH increased its position in H & R Block by 19.5% in the fourth quarter. Park National Corp OH now owns 11,741 shares of the company’s stock worth $297,000 after buying an additional 1,920 shares during the period. JPMorgan Chase & Co. increased its position in H & R Block by 233.5% in the third quarter. JPMorgan Chase & Co. now owns 3,768,828 shares of the company’s stock worth $97,048,000 after buying an additional 2,638,607 shares during the period. Finally, Polianta Ltd increased its position in H & R Block by 2.8% in the fourth quarter. Polianta Ltd now owns 47,600 shares of the company’s stock worth $1,207,000 after buying an additional 1,300 shares during the period. Hedge funds and other institutional investors own 96.33% of the company’s stock.
Shares of NYSE:HRB traded down $0.20 during midday trading on Wednesday, reaching $24.02. The company had a trading volume of 16,097 shares, compared to its average volume of 3,875,280. The company has a quick ratio of 2.10, 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. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.24 and a beta of 0.10.
H & R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $468.00 million during the quarter, compared to analyst estimates of $465.48 million. During the same quarter last year, the business earned ($1.16) EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities analysts predict that H & R Block Inc will post 1.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.16%. H & R Block’s dividend payout ratio (DPR) is 33.56%.
Several research analysts recently weighed in on the company. Morgan Stanley raised their target price on H & R Block from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Friday, December 7th. Zacks Investment Research raised H & R Block from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Thursday, January 24th. Goldman Sachs Group cut 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. Finally, ValuEngine lowered H & R Block from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus 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.
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