Pendal Group Ltd cut its holdings in shares of H & R Block Inc (NYSE:HRB) by 56.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,097 shares of the company’s stock after selling 6,737 shares during the quarter. Pendal Group Ltd’s holdings in H & R Block were worth $149,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CENTRAL TRUST Co raised its stake in shares of H & R Block by 83.0% during the second quarter. CENTRAL TRUST Co now owns 915 shares of the company’s stock worth $26,000 after acquiring an additional 415 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of H & R Block by 233.4% during the first quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock worth $31,000 after acquiring an additional 950 shares in the last quarter. Rational Advisors LLC raised its stake in shares of H & R Block by 8,750.0% during the first quarter. Rational Advisors LLC now owns 1,416 shares of the company’s stock worth $34,000 after acquiring an additional 1,400 shares in the last quarter. CSat Investment Advisory L.P. increased its stake in shares of H & R Block by 36.3% in the first quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock worth $54,000 after buying an additional 600 shares during the period. Finally, ETF Managers Group LLC increased its stake in shares of H & R Block by 12.0% in the first quarter. ETF Managers Group LLC now owns 5,748 shares of the company’s stock worth $138,000 after buying an additional 617 shares during the period. 98.10% of the stock is currently owned by hedge funds and other institutional investors.

HRB has been the topic of several analyst reports. Northcoast Research downgraded shares of H & R Block from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 9th. Zacks Investment Research downgraded shares of H & R Block from a “hold” rating to a “sell” rating and set a $28.00 target price on the stock. in a research note on Wednesday, May 29th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $29.00 target price on shares of H & R Block in a research note on Thursday, June 27th. Finally, Barrington Research reaffirmed an “outperform” rating on shares of H & R Block in a research note on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.

In related news, VP Kellie J. Logerwell sold 3,000 shares of H & R Block stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $28.68, for a total value of $86,040.00. Following the transaction, the vice president now directly owns 7,941 shares of the company’s stock, valued at $227,747.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by insiders.

Shares of NYSE HRB opened at $27.52 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 2.76. H & R Block Inc has a 52 week low of $22.96 and a 52 week high of $29.62. The firm’s fifty day moving average is $28.03 and its 200 day moving average is $26.35. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 12.80, a PEG 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 EPS for the quarter, topping the consensus estimate of $4.11 by $0.21. H & R Block had a net margin of 13.65% and a return on equity of 364.51%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm earned $5.42 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts anticipate 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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Institutional Ownership by Quarter for H & R Block (NYSE:HRB)

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