Trexquant Investment LP Has $1.52 Million Stake in H&R Block, Inc. (NYSE:HRB)

Trexquant Investment LP increased its position in H&R Block, Inc. (NYSE:HRB) by 449.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,056 shares of the company’s stock after buying an additional 40,123 shares during the period. H&R Block makes up about 0.4% of Trexquant Investment LP’s portfolio, making the stock its 18th largest position. Trexquant Investment LP’s holdings in H&R Block were worth $1,516,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HRB. Gateway Investment Advisers LLC increased its stake in H&R Block by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 12,870 shares of the company’s stock worth $398,000 after buying an additional 35 shares during the last quarter. Private Bank & Trust Co. increased its position in H&R Block by 0.3% in the second quarter. Private Bank & Trust Co. now owns 16,720 shares of the company’s stock worth $517,000 after buying an additional 53 shares in the last quarter. Advantus Capital Management Inc increased its position in H&R Block by 0.3% in the first quarter. Advantus Capital Management Inc now owns 20,774 shares of the company’s stock worth $483,000 after buying an additional 61 shares in the last quarter. State Treasurer State of Michigan increased its position in H&R Block by 0.3% in the first quarter. State Treasurer State of Michigan now owns 67,998 shares of the company’s stock worth $1,581,000 after buying an additional 200 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in H&R Block by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock worth $399,000 after buying an additional 200 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

Shares of H&R Block, Inc. (NYSE:HRB) traded down 1.39% during mid-day trading on Friday, hitting $29.78. 2,392,512 shares of the stock traded hands. H&R Block, Inc. has a one year low of $19.85 and a one year high of $31.80. The company’s 50 day moving average is $30.63 and its 200 day moving average is $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 quarterly earnings data on Tuesday, June 13th. The company reported $3.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.23. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.16 earnings per share. On average, equities analysts expect that H&R Block, Inc. will post $1.99 EPS for the current fiscal year.

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A number of research analysts have recently weighed in on the stock. BidaskClub upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday. Barrington Research raised their target price on shares of H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, June 19th. BMO Capital Markets raised their target price on shares of H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, June 16th. Credit Suisse Group reiterated a “neutral” rating and issued a $29.00 target price (up from $27.00) on shares of H&R Block in a research note on Wednesday, June 14th. Finally, Morgan Stanley raised their target price on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $27.67.

In other news, SVP Kathryn M. Collins sold 2,931 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total value of $88,955.85. Following the completion of the transaction, the senior vice president now owns 17,372 shares of the company’s stock, valued at $527,240.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William C. Cobb sold 387,740 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $31.19, for a total transaction of $12,093,610.60. Following the completion of the transaction, the insider now owns 658,463 shares of the company’s stock, valued at approximately $20,537,460.97. The disclosure for this sale can be found here. Insiders sold 1,473,471 shares of company stock valued at $45,309,203 in the last three months. Company 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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