Anderson Fisher LLC boosted its position in shares of H & R Block Inc (NYSE:HRB) by 899.1% during the 1st quarter, Holdings Channel reports. The firm owned 46,169 shares of the company’s stock after purchasing an additional 41,548 shares during the period. Anderson Fisher LLC’s holdings in H & R Block were worth $1,105,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in HRB. Swedbank purchased a new stake in H & R Block during the 4th quarter valued at about $130,618,000. Amundi Pioneer Asset Management Inc. grew its position in H & R Block by 92.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,596,753 shares of the company’s stock valued at $133,986,000 after purchasing an additional 2,687,319 shares during the last quarter. Norges Bank purchased a new stake in H & R Block during the 4th quarter valued at about $61,212,000. First Eagle Investment Management LLC grew its position in H & R Block by 21.5% during the 1st quarter. First Eagle Investment Management LLC now owns 7,705,778 shares of the company’s stock valued at $184,476,000 after purchasing an additional 1,363,866 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in H & R Block by 19.2% during the 4th quarter. Bank of New York Mellon Corp now owns 8,417,662 shares of the company’s stock valued at $213,556,000 after purchasing an additional 1,355,760 shares during the last quarter. 98.10% of the stock is currently owned by institutional investors.
Shares of NYSE HRB opened at $27.78 on Wednesday. The stock has a market cap of $5.59 billion, a PE ratio of 9.32, a P/E/G ratio of 1.33 and a beta of 0.18. H & R Block Inc has a 52-week low of $22.45 and a 52-week high of $29.81.
H & R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, June 11th. The company reported $4.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.18. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. H & R Block had a net margin of 21.79% and a return on equity of 829.18%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $5.42 EPS. As a group, sell-side analysts forecast that H & R Block Inc will post 1.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 21st will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.74%. This is an increase from H & R Block’s previous quarterly dividend of $0.25. H & R Block’s dividend payout ratio (DPR) is presently 33.56%.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of H & R Block from a “hold” rating to a “sell” rating and set a $28.00 price objective on the stock. in a research report on Wednesday, May 29th. ValuEngine raised shares of H & R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. H & R Block has a consensus rating of “Hold” and a consensus price target of $24.67.
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About H & R Block
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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