Acadian Asset Management LLC Sells 84,633 Shares of H & R Block Inc (HRB)
Acadian Asset Management LLC lessened its holdings in H & R Block Inc (NYSE:HRB) by 44.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,905 shares of the company’s stock after selling 84,633 shares during the period. Acadian Asset Management LLC owned approximately 0.05% of H & R Block worth $2,778,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Capital Fund Management S.A. acquired a new position in H & R Block in the second quarter worth about $5,308,000. Dimensional Fund Advisors LP increased its holdings in shares of H & R Block by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,183,315 shares of the company’s stock worth $26,956,000 after buying an additional 10,824 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of H & R Block during the second quarter worth approximately $1,024,000. Northern Trust Corp increased its holdings in shares of H & R Block by 5.3% during the second quarter. Northern Trust Corp now owns 3,284,789 shares of the company’s stock worth $74,828,000 after buying an additional 166,316 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of H & R Block by 2.8% during the second quarter. Great West Life Assurance Co. Can now owns 722,401 shares of the company’s stock worth $16,489,000 after buying an additional 19,670 shares in the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.
NYSE HRB opened at $28.73 on Friday. The company has a market cap of $5.82 billion, a PE ratio of 9.64, a PEG ratio of 1.48 and a beta of 0.07. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.27 and a quick ratio of 2.27. H & R Block Inc has a 1-year low of $22.45 and a 1-year high of $29.81.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Friday, November 30th. H & R Block’s dividend payout ratio is currently 33.56%.
Several research firms have recently weighed in on HRB. ValuEngine raised shares of H & R Block from a “strong sell” rating to a “sell” rating in a report on Thursday, August 30th. Zacks Investment Research raised shares of H & R Block from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Barrington Research reaffirmed a “buy” rating and set a $27.00 price objective on shares of H & R Block in a report on Thursday, August 23rd. Finally, Morgan Stanley dropped their price objective on shares of H & R Block from $27.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. H & R Block presently has an average rating of “Hold” and a consensus price target of $25.67.
In related news, insider Thomas A. Gerke sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $26.54, for a total value of $1,857,800.00. Following the completion of the sale, the insider now owns 68,073 shares of the company’s stock, valued at $1,806,657.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.
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About H & R Block
H&R Block, Inc engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia.
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