25,000 Shares in H&R Block, Inc. (HRB) Acquired by Bp Plc

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.

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

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