GAM Holding AG Has $3.83 Million Position in H & R Block Inc (HRB)

GAM Holding AG cut its stake in H & R Block Inc (NYSE:HRB) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,642 shares of the company’s stock after selling 4,254 shares during the period. GAM Holding AG owned 0.07% of H & R Block worth $3,827,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HRB. BlackRock Inc. boosted its holdings in H & R Block by 20.5% in the second quarter. BlackRock Inc. now owns 25,588,346 shares of the company’s stock valued at $582,902,000 after acquiring an additional 4,356,920 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of H & R Block by 2,092.5% during the 2nd quarter. Millennium Management LLC now owns 3,162,665 shares of the company’s stock worth $72,046,000 after buying an additional 3,018,414 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of H & R Block by 233.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,768,828 shares of the company’s stock worth $97,048,000 after buying an additional 2,638,607 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of H & R Block by 49.4% during the 3rd quarter. Schroder Investment Management Group now owns 3,766,295 shares of the company’s stock worth $96,982,000 after buying an additional 1,245,692 shares in the last quarter. Finally, Mackay Shields LLC boosted its holdings in shares of H & R Block by 475.4% during the 2nd quarter. Mackay Shields LLC now owns 1,211,236 shares of the company’s stock worth $27,592,000 after buying an additional 1,000,724 shares in the last quarter. Institutional investors and hedge funds own 94.64% of the company’s stock.

H & R Block stock opened at $27.01 on Monday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 7.79. H & R Block Inc has a 52-week low of $22.45 and a 52-week high of $29.81. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 1.41 and a beta of 0.09.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, November 30th. H & R Block’s payout ratio is 33.56%.

HRB has been the topic of a number of research analyst reports. Zacks Investment Research upgraded H & R Block from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Barrington Research restated a “buy” rating and set a $27.00 price target on shares of H & R Block in a report on Thursday, August 23rd. Morgan Stanley cut their price target on H & R Block from $27.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, August 29th. Finally, ValuEngine upgraded H & R Block from a “strong sell” rating to a “sell” rating in a report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.67.

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H & R Block Profile

H&R Block, Inc engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia.

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

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