Xact Kapitalforvaltning AB grew its stake in shares of H&R Block, Inc. (NYSE:HRB) by 12.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,032 shares of the company’s stock after acquiring an additional 4,900 shares during the period. Xact Kapitalforvaltning AB’s holdings in H&R Block were worth $1,166,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in HRB. Pinebridge Investments L.P. bought a new position in H&R Block in the 2nd quarter worth approximately $114,000. Victory Capital Management Inc. boosted its holdings in H&R Block by 7.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after buying an additional 296 shares during the period. ARP Americas LLC bought a new position in H&R Block in the 2nd quarter worth approximately $210,000. Bath Savings Trust Co bought a new position in H&R Block in the 2nd quarter worth approximately $215,000. Finally, Profund Advisors LLC bought a new position in H&R Block in the 2nd quarter worth approximately $215,000. 91.25% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on HRB shares. ValuEngine raised shares of H&R Block from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Zacks Investment Research raised shares of H&R Block from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $27.00 price objective on shares of H&R Block in a report on Friday, October 13th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of H&R Block in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.67.
H&R Block, Inc. (NYSE HRB) opened at 26.27 on Monday. The firm has a 50-day moving average of $25.97 and a 200 day moving average of $27.55. H&R Block, Inc. has a one year low of $19.85 and a one year high of $31.80. The company has a market capitalization of $5.49 billion, a P/E ratio of 13.86 and a beta of 0.55.
H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.62). The business had revenue of $138.00 million during the quarter, compared to analyst estimates of $129.33 million. H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.56) earnings per share. On average, equities analysts forecast that H&R Block, Inc. will post $1.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th were given a $0.24 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.65%. H&R Block’s payout ratio is currently 49.48%.
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.
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