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.

Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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