Nordea Investment Management AB cut its position in H&R Block Inc. (NYSE:HRB) by 85.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,960 shares of the company’s stock after selling 987,394 shares during the period. Nordea Investment Management AB’s holdings in H&R Block were worth $4,001,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in HRB. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in H&R Block during the second quarter worth approximately $336,000. State of Alaska Department of Revenue acquired a new stake in H&R Block during the second quarter worth approximately $1,662,000. Capital One National Association acquired a new stake in H&R Block during the second quarter worth approximately $214,000. Punch & Associates Investment Management Inc. increased its stake in H&R Block by 1.3% in the second quarter. Punch & Associates Investment Management Inc. now owns 104,284 shares of the company’s stock worth $2,399,000 after buying an additional 1,291 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in H&R Block by 5.3% in the second quarter. Nisa Investment Advisors LLC now owns 71,385 shares of the company’s stock worth $1,642,000 after buying an additional 3,625 shares during the last quarter. Institutional investors and hedge funds own 93.08% of the company’s stock.
H&R Block Inc. (NYSE:HRB) traded down 0.04% during mid-day trading on Tuesday, reaching $23.11. 1,412,719 shares of the company’s stock traded hands. H&R Block Inc. has a 1-year low of $19.18 and a 1-year high of $37.53. The stock has a market cap of $5.06 billion, a P/E ratio of 15.64 and a beta of 0.70. The firm has a 50-day moving average price of $22.63 and a 200-day moving average price of $22.82.
H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 30th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by $0.02. The business earned $125 million during the quarter. H&R Block had a net margin of 11.58% and a negative return on equity of 202.63%. The company’s revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.35) earnings per share. Equities research analysts anticipate that H&R Block Inc. will post $1.74 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Wednesday, September 14th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Monday, September 12th. H&R Block’s dividend payout ratio (DPR) is presently 52.69%.
A number of equities research analysts have recently issued reports on the stock. Macquarie assumed coverage on shares of H&R Block in a report on Thursday, August 25th. They set an “outperform” rating and a $28.00 price target on the stock. Piper Jaffray Cos. restated an “overweight” rating and set a $28.00 price target (down previously from $29.00) on shares of H&R Block in a report on Wednesday, August 31st. BMO Capital Markets boosted their price target on shares of H&R Block from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, August 31st. Zacks Investment Research upgraded shares of H&R Block from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of H&R Block in a report on Thursday, September 1st. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. H&R Block currently has a consensus rating of “Hold” and an average price target of $29.12.
In other news, SVP Gregory J. Macfarlane purchased 4,618 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average cost of $21.65 per share, for a total transaction of $99,979.70. Following the transaction, the senior vice president now directly owns 121,707 shares of the company’s stock, valued at approximately $2,634,956.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by insiders.
H&R Block Company 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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