Exane Derivatives Takes Position in H&R Block, Inc. (HRB)

Exane Derivatives bought a new position in shares of H&R Block, Inc. (NYSE:HRB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 80,323 shares of the company’s stock, valued at approximately $2,482,000.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock worth $762,078,000 after buying an additional 31,852,089 shares during the period. Vanguard Group Inc. boosted its position in shares of H&R Block by 1.7% in the first quarter. Vanguard Group Inc. now owns 20,813,812 shares of the company’s stock worth $483,921,000 after buying an additional 348,330 shares in the last quarter. State Street Corp boosted its position in shares of H&R Block by 6.3% in the first quarter. State Street Corp now owns 10,668,894 shares of the company’s stock worth $248,052,000 after buying an additional 636,772 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of H&R Block by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 7,932,832 shares of the company’s stock worth $184,439,000 after buying an additional 685,702 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of H&R Block by 3.3% in the first quarter. First Eagle Investment Management LLC now owns 5,941,335 shares of the company’s stock worth $138,136,000 after buying an additional 191,368 shares in the last quarter. 92.81% of the stock is owned by institutional investors.

Shares of H&R Block, Inc. (NYSE HRB) opened at 30.70 on Friday. The firm has a 50-day moving average price of $30.69 and a 200-day moving average price of $25.70. H&R Block, Inc. has a 52 week low of $19.85 and a 52 week high of $31.70. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 16.12 and a beta of 0.54.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 EPS for the quarter, beating the Zacks’ consensus estimate of $3.53 by $0.23. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $3.16 EPS. On average, equities analysts expect that H&R Block, Inc. will post $1.99 earnings per share for the current fiscal year.

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HRB has been the subject of a number of research analyst reports. BidaskClub cut H&R Block from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research upgraded H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Wednesday, May 24th. Morgan Stanley lifted their price objective on H&R Block from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 14th. BMO Capital Markets lifted their price objective on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, June 16th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $29.00 price objective (up previously from $27.00) on shares of H&R Block in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. H&R Block currently has an average rating of “Hold” and a consensus price target of $27.67.

In other news, insider William C. Cobb sold 387,740 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $31.19, for a total value of $12,093,610.60. Following the transaction, the insider now directly owns 658,463 shares in the company, valued at approximately $20,537,460.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Lewis sold 8,000 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $30.01, for a total value of $240,080.00. Following the completion of the transaction, the director now owns 82,083 shares in the company, valued at $2,463,310.83. The disclosure for this sale can be found here. Insiders sold a total of 1,473,471 shares of company stock worth $45,309,203 over the last quarter. Corporate insiders own 0.63% of the company’s stock.

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.

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

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