Xact Kapitalforvaltning AB Grows Stake in H&R Block, Inc. (HRB)

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.

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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.

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

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