H & R Block Target of Unusually Large Options Trading (HRB)

H & R Block Inc (NYSE:HRB) saw some unusual options trading activity on Monday. Stock traders bought 3,368 put options on the stock. This represents an increase of approximately 764% compared to the average volume of 390 put options.

HRB opened at $27.52 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 7.79. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 1.41 and a beta of 0.09. H & R Block has a 52-week low of $22.45 and a 52-week high of $29.81.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.63%. The ex-dividend date is Friday, November 30th. H & R Block’s payout ratio is 33.56%.

A number of institutional investors and hedge funds have recently bought and sold shares of HRB. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in H & R Block by 4.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 663,601 shares of the company’s stock valued at $15,117,000 after purchasing an additional 29,098 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in H & R Block during the second quarter valued at $109,000. Hikari Power Ltd purchased a new position in H & R Block during the second quarter valued at $222,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in H & R Block during the second quarter valued at $247,000. Finally, Landmark Bank purchased a new position in H & R Block during the second quarter valued at $289,000. 94.64% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on the stock. Zacks Investment Research restated a “hold” rating on shares of H & R Block in a research report on Tuesday, November 13th. ValuEngine upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Morgan Stanley dropped their price target on shares of H & R Block from $27.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, August 29th. Finally, Barrington Research restated a “buy” rating and set a $27.00 price target on shares of H & R Block in a research report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. H & R Block has an average rating of “Hold” and an average target price of $25.67.

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About H & R Block

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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