World Asset Management Inc Decreases Position in H&R Block, Inc. (NYSE:HRB)

World Asset Management Inc reduced its stake in H&R Block, Inc. (NYSE:HRB) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,585 shares of the company’s stock after selling 2,692 shares during the period. World Asset Management Inc’s holdings in H&R Block were worth $605,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. First Manhattan Co. increased its stake in shares of H&R Block by 201.7% in the first quarter. First Manhattan Co. now owns 903,045 shares of the company’s stock valued at $20,905,000 after buying an additional 603,708 shares during the last quarter. Nationwide Fund Advisors increased its stake in H&R Block by 18.0% in the first quarter. Nationwide Fund Advisors now owns 385,443 shares of the company’s stock worth $8,962,000 after buying an additional 58,914 shares in the last quarter. Retirement Systems of Alabama increased its stake in H&R Block by 16.2% in the first quarter. Retirement Systems of Alabama now owns 335,556 shares of the company’s stock worth $7,802,000 after buying an additional 46,778 shares in the last quarter. DnB Asset Management AS increased its stake in H&R Block by 28.3% in the first quarter. DnB Asset Management AS now owns 17,666 shares of the company’s stock worth $411,000 after buying an additional 3,900 shares in the last quarter. Finally, National Investment Services Inc. WI increased its stake in H&R Block by 19.9% in the first quarter. National Investment Services Inc. WI now owns 79,723 shares of the company’s stock worth $1,854,000 after buying an additional 13,230 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Shares of H&R Block, Inc. (NYSE HRB) traded down 1.39% on Friday, hitting $29.78. The company’s stock had a trading volume of 2,392,512 shares. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 15.64 and a beta of 0.54. H&R Block, Inc. has a 52 week low of $19.85 and a 52 week high of $31.80. The stock’s 50-day moving average price is $30.63 and its 200-day moving average price is $25.99.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.23. The company 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%. H&R Block’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.16 EPS. Equities analysts expect that H&R Block, Inc. will post $1.99 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their price target on shares of H&R Block from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 14th. BTIG Research lifted their price target on shares of H&R Block from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded shares of H&R Block from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, June 7th. Finally, BMO Capital Markets lifted their price target on shares of H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, June 16th. 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. H&R Block 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 on Tuesday, July 18th. The stock was sold at an average price of $30.35, for a total transaction of $88,955.85. Following the sale, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David B. Lewis sold 8,000 shares of the company’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 sale, the director now owns 82,083 shares of the company’s stock, valued at $2,463,310.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,473,471 shares of company stock worth $45,309,203. 0.63% of the stock is currently owned by insiders.

About H&R Block

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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