Aperio Group LLC Raises Stake in H&R Block, Inc. (NYSE:HRB)

Aperio Group LLC raised its position in H&R Block, Inc. (NYSE:HRB) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,610 shares of the company’s stock after buying an additional 3,763 shares during the period. Aperio Group LLC’s holdings in H&R Block were worth $2,306,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HRB. Dimensional Fund Advisors LP raised its stake in shares of H&R Block by 41.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 985,633 shares of the company’s stock worth $22,662,000 after buying an additional 286,647 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of H&R Block by 7.8% in the fourth quarter. Teachers Advisors LLC now owns 319,747 shares of the company’s stock worth $7,351,000 after buying an additional 23,217 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of H&R Block during the fourth quarter worth approximately $365,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of H&R Block by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 178,546 shares of the company’s stock worth $4,151,000 after buying an additional 5,218 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of H&R Block by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 73,208 shares of the company’s stock worth $1,702,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

H&R Block, Inc. (NYSE:HRB) opened at 29.78 on Friday. H&R Block, Inc. has a one year low of $19.85 and a one year high of $31.80. The firm has a 50-day moving average price of $30.63 and a 200-day moving average price of $25.99. The firm has a market capitalization of $6.17 billion, a P/E ratio of 15.64 and a beta of 0.54.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.23. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the business posted $3.16 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Equities analysts anticipate that H&R Block, Inc. will post $1.99 earnings per share for the current year.

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A number of equities research analysts recently commented on HRB shares. Morgan Stanley upped their target price on H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 14th. Credit Suisse Group reiterated a “neutral” rating and issued a $29.00 target price (up previously from $27.00) on shares of H&R Block in a research report on Wednesday, June 14th. Zacks Investment Research lowered H&R Block from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. BidaskClub lowered H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, BTIG Research reiterated a “sell” rating and issued a $17.00 target price on shares of H&R Block in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $27.67.

In other news, Director Tom D. Seip sold 6,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $29.84, for a total value of $187,992.00. Following the completion of the sale, the director now directly owns 91,071 shares of the company’s stock, valued at approximately $2,717,558.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William C. Cobb sold 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $30.40, for a total value of $22,800,000.00. Following the completion of the sale, the insider now directly owns 1,301,458 shares of the company’s stock, valued at $39,564,323.20. The disclosure for this sale can be found here. Insiders sold a total of 1,473,471 shares of company stock valued at $45,309,203 over the last three months. 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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