BP PLC purchased a new stake in shares of H&R Block, Inc. (NYSE:HRB) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $662,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. OppenheimerFunds Inc. grew its holdings in H&R Block by 5.0% during the 1st quarter. OppenheimerFunds Inc. now owns 15,366 shares of the company’s stock worth $357,000 after acquiring an additional 731 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of H&R Block by 4.6% in the 1st quarter. Teachers Advisors LLC now owns 334,349 shares of the company’s stock valued at $7,774,000 after buying an additional 14,602 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of H&R Block by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 23,017 shares of the company’s stock valued at $534,000 after purchasing an additional 383 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of H&R Block by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,027,986 shares of the company’s stock valued at $23,900,000 after purchasing an additional 42,353 shares during the last quarter. Finally, KCG Holdings Inc. purchased a new position in shares of H&R Block in the 1st quarter valued at approximately $293,000. 91.66% of the stock is currently owned by institutional investors and hedge funds.
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HRB has been the subject of a number of recent research reports. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of H&R Block in a research report on Thursday, August 31st. BMO Capital Markets reaffirmed a “hold” rating and set a $27.00 target price on shares of H&R Block in a report on Friday, October 13th. Zacks Investment Research raised shares of H&R Block from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Northcoast Research reissued a “neutral” rating on shares of H&R Block in a research report on Wednesday, August 30th. Finally, BTIG Research reissued a “sell” rating and set a $19.00 price target on shares of H&R Block in a research report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. H&R Block has an average rating of “Hold” and a consensus target price of $26.67.
H&R Block, Inc. (HRB) traded down $0.32 during mid-day trading on Monday, hitting $25.08. The stock had a trading volume of 4,449,400 shares, compared to its average volume of 3,062,888. The firm has a market capitalization of $5,243.23, a P/E ratio of 12.67, a P/E/G ratio of 1.15 and a beta of 0.54. The company has a debt-to-equity ratio of -6.97, a current ratio of 1.48 and a quick ratio of 1.48. H&R Block, Inc. has a 1-year low of $19.85 and a 1-year high of $31.80.
H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.62). H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The firm had revenue of $138.00 million during the quarter, compared to analysts’ expectations of $129.33 million. During the same quarter in the prior year, the business posted ($0.56) earnings per share. H&R Block’s revenue was up 10.4% compared to the same quarter last year. equities research analysts expect that H&R Block, Inc. will post 1.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, December 1st. H&R Block’s dividend payout ratio is currently 49.48%.
H&R Block 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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