Midas Management Corp acquired a new stake in H&R Block Inc. (NYSE:HRB) during the second quarter, Holdings Channel reports. The firm acquired 43,900 shares of the company’s stock, valued at approximately $1,010,000.
A number of other large investors also recently added to or reduced their stakes in HRB. Eqis Capital Management Inc. raised its position in shares of H&R Block by 12.6% in the second quarter. Eqis Capital Management Inc. now owns 13,012 shares of the company’s stock worth $299,000 after buying an additional 1,453 shares during the period. Guinness Asset Management Ltd raised its position in shares of H&R Block by 66.4% in the second quarter. Guinness Asset Management Ltd now owns 324,038 shares of the company’s stock worth $7,453,000 after buying an additional 129,360 shares during the period. Lucus Advisors LLC acquired a new position in shares of H&R Block during the second quarter worth about $346,000. Capital One National Association acquired a new position in shares of H&R Block during the second quarter worth about $214,000. Finally, Teachers Advisors Inc. raised its position in shares of H&R Block by 42.5% in the first quarter. Teachers Advisors Inc. now owns 454,335 shares of the company’s stock worth $12,004,000 after buying an additional 135,518 shares during the period. Institutional investors and hedge funds own 93.08% of the company’s stock.
Shares of H&R Block Inc. (NYSE:HRB) traded down 0.13% during mid-day trading on Tuesday, hitting $23.09. The company’s stock had a trading volume of 1,816,969 shares. The stock has a 50-day moving average of $22.58 and a 200-day moving average of $22.80. The company has a market cap of $5.06 billion, a PE ratio of 15.62 and a beta of 0.70. H&R Block Inc. has a 12-month low of $19.18 and a 12-month high of $37.53.
H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, August 30th. The company reported ($0.55) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.53) by $0.02. H&R Block had a net margin of 11.58% and a negative return on equity of 202.63%. The business earned $125 million during the quarter. During the same quarter in the previous year, the business posted ($0.35) EPS. H&R Block’s quarterly revenue was down 9.4% on a year-over-year basis. On average, equities research analysts forecast that H&R Block Inc. will post $1.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Wednesday, September 14th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.81%. H&R Block’s dividend payout ratio (DPR) is presently 52.69%.
HRB has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded H&R Block from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. BMO Capital Markets increased their target price on H&R Block from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, August 31st. Macquarie started coverage on H&R Block in a research note on Thursday, August 25th. They issued an “outperform” rating and a $28.00 price objective for the company. Morgan Stanley reissued a “buy” rating and issued a $26.00 price objective on shares of H&R Block in a research note on Wednesday, August 31st. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $28.00 price objective (down from $29.00) on shares of H&R Block in a research note on Wednesday, August 31st. Eight equities research analysts have rated the stock with a hold rating, three have issued 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 a consensus target price of $29.12.
In other H&R Block news, SVP Gregory J. Macfarlane purchased 4,618 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were purchased at an average cost of $21.65 per share, for a total transaction of $99,979.70. Following the completion of the purchase, the senior vice president now directly owns 121,707 shares in the company, valued at $2,634,956.55. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate 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.
Want to see what other hedge funds are holding HRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&R Block Inc. (NYSE:HRB).
Receive News & Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related companies with MarketBeat.com's FREE daily email newsletter.