Utah Retirement Systems continued to hold its position in H&R Block, Inc. (NYSE:HRB) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,839 shares of the company’s stock at the close of the second quarter. Utah Retirement Systems’ holdings in H&R Block were worth $1,169,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in HRB. Northwestern Mutual Wealth Management Co. increased its stake in shares of H&R Block by 58.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,567 shares of the company’s stock worth $106,000 after purchasing an additional 1,682 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of H&R Block by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 4,640 shares of the company’s stock worth $108,000 after purchasing an additional 2,184 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of H&R Block during the first quarter worth about $122,000. Victory Capital Management Inc. increased its stake in shares of H&R Block by 7.9% during the second quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after purchasing an additional 296 shares in the last quarter. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of H&R Block during the first quarter worth about $136,000. 90.28% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Kathryn M. Collins sold 7,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $30.36, for a total transaction of $212,520.00. Following the transaction, the senior vice president now directly owns 20,534 shares of the company’s stock, valued at $623,412.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David B. Lewis sold 8,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $30.01, for a total transaction of $240,080.00. Following the transaction, the director now directly owns 82,083 shares in the company, valued at $2,463,310.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,467,171 shares of company stock worth $45,121,211. 0.63% of the stock is currently owned by corporate insiders.
Shares of H&R Block, Inc. (NYSE HRB) opened at 26.41 on Friday. The company’s 50-day moving average is $29.08 and its 200 day moving average is $26.87. The stock has a market capitalization of $5.52 billion, a P/E ratio of 13.93 and a beta of 0.56. H&R Block, Inc. has a 52 week low of $19.85 and a 52 week high of $31.80.
H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.62). The firm had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $129.33 million. H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. H&R Block’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.56) earnings per share. On average, equities analysts forecast that H&R Block, Inc. will post $1.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a yield of 3.64%. H&R Block’s dividend payout ratio (DPR) is 49.48%.
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A number of research firms have recently commented on HRB. Zacks Investment Research raised shares of H&R Block from a “sell” rating to a “hold” rating in a research note on Wednesday. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of H&R Block in a research note on Thursday, August 31st. BMO Capital Markets reissued a “market perform” rating and set a $31.00 target price on shares of H&R Block in a research note on Thursday, August 31st. Northcoast Research restated a “neutral” rating on shares of H&R Block in a research report on Wednesday, August 30th. Finally, Credit Suisse Group restated a “neutral” rating and set a $30.00 price target (up from $29.00) on shares of H&R Block in a research report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $27.71.
H&R Block Company Profile
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company 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, Australia and their respective territories.
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