First Manhattan Co. lowered its position in shares of H&R Block, Inc. (NYSE:HRB) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,080 shares of the company’s stock after selling 15,870 shares during the quarter. First Manhattan Co. owned 0.08% of H&R Block worth $4,556,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Pinebridge Investments L.P. bought a new position in H&R Block during the second quarter valued at about $114,000. Victory Capital Management Inc. boosted its stake in H&R Block by 7.9% during the second quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock valued at $126,000 after buying an additional 296 shares in the last quarter. ARP Americas LLC bought a new position in H&R Block during the second quarter valued at about $210,000. Profund Advisors LLC bought a new position in H&R Block during the second quarter valued at about $215,000. Finally, Bath Savings Trust Co bought a new position in H&R Block during the second quarter valued at about $215,000. 91.25% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the company. BidaskClub raised H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. ValuEngine cut H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $31.00 target price on shares of H&R Block in a report on Thursday, August 31st. Zacks Investment Research raised H&R Block from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $30.00 target price (up from $29.00) on shares of H&R Block in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. H&R Block has an average rating of “Hold” and an average target price of $26.67.
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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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