Jennison Associates LLC acquired a new position in H&R Block, Inc. (NYSE:HRB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,783 shares of the company’s stock, valued at approximately $577,000.
Several other hedge funds have also bought and sold shares of the company. Candriam Luxembourg S.C.A. raised its position in shares of H&R Block by 7.2% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 41,324 shares of the company’s stock worth $1,094,000 after acquiring an additional 2,777 shares in the last quarter. Bessemer Group Inc. bought a new stake in H&R Block during the 3rd quarter worth approximately $1,896,000. Swiss National Bank increased its holdings in H&R Block by 1.1% during the 3rd quarter. Swiss National Bank now owns 761,566 shares of the company’s stock worth $20,166,000 after purchasing an additional 8,100 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of H&R Block by 94.4% in the 3rd quarter. American Century Companies Inc. now owns 2,316,675 shares of the company’s stock worth $61,346,000 after buying an additional 1,124,910 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in shares of H&R Block in the 3rd quarter worth approximately $3,816,000. 95.21% of the stock is owned by hedge funds and other institutional investors.
HRB has been the topic of a number of research analyst reports. BMO Capital Markets restated a “hold” rating and issued a $27.00 target price on shares of H&R Block in a research note on Friday, October 13th. BTIG Research reiterated a “sell” rating and issued a $19.00 price objective on shares of H&R Block in a research note on Tuesday, August 29th. Zacks Investment Research downgraded H&R Block from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. Oppenheimer restated a “market perform” rating on shares of H&R Block in a research report on Thursday, August 31st. Finally, ValuEngine raised shares of H&R Block from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $26.67.
Shares of H&R Block, Inc. (NYSE:HRB) traded up $2.70 during trading hours on Wednesday, hitting $28.99. The stock had a trading volume of 6,813,584 shares, compared to its average volume of 3,068,277. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $31.80. The company has a market capitalization of $5,487.83, a PE ratio of 13.26, a P/E/G ratio of 1.21 and a beta of 0.56. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of -6.97.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.31%. H&R Block’s dividend payout ratio (DPR) is currently 49.48%.
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About H&R Block
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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