Pendal Group Ltd decreased its position in H & R Block Inc (NYSE:HRB) by 56.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,097 shares of the company’s stock after selling 6,737 shares during the period. Pendal Group Ltd’s holdings in H & R Block were worth $149,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in HRB. Amundi Pioneer Asset Management Inc. boosted its stake in H & R Block by 92.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,596,753 shares of the company’s stock worth $133,986,000 after purchasing an additional 2,687,319 shares in the last quarter. Bessemer Group Inc. boosted its stake in H & R Block by 206.8% in the 2nd quarter. Bessemer Group Inc. now owns 2,235,801 shares of the company’s stock worth $65,509,000 after purchasing an additional 1,506,977 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in H & R Block by 21.5% in the 1st quarter. First Eagle Investment Management LLC now owns 7,705,778 shares of the company’s stock worth $184,476,000 after purchasing an additional 1,363,866 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in H & R Block by 86.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,144,871 shares of the company’s stock worth $62,845,000 after purchasing an additional 996,764 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in H & R Block by 259.8% in the 1st quarter. Janus Henderson Group PLC now owns 1,324,096 shares of the company’s stock worth $31,699,000 after purchasing an additional 956,090 shares in the last quarter. Institutional investors own 98.10% of the company’s stock.
In other H & R Block news, VP Kellie J. Logerwell sold 3,000 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $28.68, for a total value of $86,040.00. Following the completion of the transaction, the vice president now owns 7,941 shares of the company’s stock, valued at approximately $227,747.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.57% of the stock is currently owned by insiders.
A number of brokerages recently issued reports on HRB. Zacks Investment Research cut shares of H & R Block from a “hold” rating to a “sell” rating and set a $28.00 price target on the stock. in a research note on Wednesday, May 29th. Barrington Research reissued an “outperform” rating on shares of H & R Block in a research report on Wednesday, June 12th. Northcoast Research lowered H & R Block from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 9th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $29.00 target price on shares of H & R Block in a research report on Thursday, June 27th. Two 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. The stock presently has an average rating of “Hold” and a consensus price target of $26.50.
Shares of NYSE:HRB opened at $27.52 on Friday. H & R Block Inc has a fifty-two week low of $22.96 and a fifty-two week high of $29.62. The business has a 50-day simple moving average of $28.03 and a two-hundred day simple moving average of $26.35. The company has a debt-to-equity ratio of 2.76, a quick ratio of 2.16 and a current ratio of 2.16. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 1.37 and a beta of 0.24.
H & R Block (NYSE:HRB) last issued its earnings results on Tuesday, June 11th. The company reported $4.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.11 by $0.21. H & R Block had a return on equity of 364.51% and a net margin of 13.65%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the firm earned $5.42 EPS. H & R Block’s revenue was down 2.5% on a year-over-year basis. As a group, research analysts predict that H & R Block Inc will post 1.99 earnings per share for the current year.
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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