First Quadrant L P CA Purchases Shares of 451,526 H&R Block, Inc. (HRB)
First Quadrant L P CA purchased a new stake in shares of H&R Block, Inc. (NYSE:HRB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 451,526 shares of the company’s stock, valued at approximately $11,956,000. First Quadrant L P CA owned 0.22% of H&R Block as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in H&R Block by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,344,192 shares of the company’s stock valued at $659,749,000 after acquiring an additional 530,380 shares during the period. First Eagle Investment Management LLC increased its stake in H&R Block by 3.4% during the second quarter. First Eagle Investment Management LLC now owns 6,144,521 shares of the company’s stock valued at $189,927,000 after acquiring an additional 203,186 shares during the period. APG Asset Management N.V. increased its stake in H&R Block by 70.5% during the third quarter. APG Asset Management N.V. now owns 4,066,049 shares of the company’s stock valued at $107,669,000 after acquiring an additional 1,681,474 shares during the period. JPMorgan Chase & Co. increased its stake in H&R Block by 247.1% during the second quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock valued at $94,759,000 after acquiring an additional 2,182,306 shares during the period. Finally, Schroder Investment Management Group increased its stake in H&R Block by 208.9% during the second quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock valued at $82,277,000 after acquiring an additional 1,801,791 shares during the period. Hedge funds and other institutional investors own 91.25% of the company’s stock.
H&R Block, Inc. (NYSE:HRB) traded down 1.798% during midday trading on Tuesday, reaching $24.845. The company had a trading volume of 598,370 shares. The company has a market capitalization of $5.19 billion, a PE ratio of 13.104 and a beta of 0.55. H&R Block, Inc. has a one year low of $19.85 and a one year high of $31.80. The stock’s 50 day moving average is $25.95 and its 200 day moving average is $27.62.
H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, hitting analysts’ consensus estimates of ($0.62). The company had revenue of $138.00 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned ($0.56) earnings per share. Equities research analysts forecast that H&R Block, Inc. will post $1.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Wednesday, September 13th were issued a $0.24 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.96 annualized dividend and a yield of 3.79%. H&R Block’s payout ratio is 49.48%.
Several brokerages recently issued reports on HRB. BMO Capital Markets restated a “hold” rating and set a $27.00 price target on shares of H&R Block in a research note on Friday, October 13th. ValuEngine upgraded H&R Block from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded H&R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of H&R Block in a research note on Thursday, August 31st. Finally, Northcoast Research reiterated a “neutral” rating on shares of H&R Block in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. H&R Block presently has a consensus rating of “Hold” and an average target price of $26.67.
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H&R Block 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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