Commonwealth Bank of Australia Raises Position in H&R Block, Inc. (HRB)

Commonwealth Bank of Australia increased its position in shares of H&R Block, Inc. (NYSE:HRB) by 8.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,705 shares of the company’s stock after purchasing an additional 2,894 shares during the quarter. Commonwealth Bank of Australia’s holdings in H&R Block were worth $941,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HRB. Pinebridge Investments L.P. acquired a new position in H&R Block during the second quarter worth $114,000. Victory Capital Management Inc. boosted its stake in H&R Block by 7.9% during the second quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after buying an additional 296 shares during the last quarter. Assetmark Inc. boosted its stake in H&R Block by 111.9% during the third quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock worth $209,000 after buying an additional 4,170 shares during the last quarter. ARP Americas LLC acquired a new position in H&R Block during the second quarter worth $210,000. Finally, Profund Advisors LLC acquired a new position in H&R Block during the second quarter worth $215,000. 95.21% of the stock is currently owned by institutional investors.

Shares of H&R Block, Inc. (NYSE HRB) traded up $2.70 during trading on Thursday, hitting $28.99. The stock had a trading volume of 6,813,600 shares, compared to its average volume of 3,068,467. H&R Block, Inc. has a twelve month low of $19.85 and a twelve month high of $31.80. The firm has a market cap of $5,496.19, a price-to-earnings ratio of 13.28, a PEG ratio of 1.21 and a beta of 0.56. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of -6.97.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Wednesday, December 6th. The company reported ($0.71) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.01. The business had revenue of $140.85 million for the quarter, compared to analyst estimates of $131.24 million. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.67) EPS. research analysts expect that H&R Block, Inc. will post 1.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.31%. H&R Block’s dividend payout ratio is presently 49.48%.

Several brokerages have recently commented on HRB. BMO Capital Markets reaffirmed a “market perform” rating and issued a $30.00 price target on shares of H&R Block in a research note on Thursday. Northcoast Research reaffirmed a “neutral” rating on shares of H&R Block in a research note on Wednesday, August 30th. ValuEngine lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $30.00 price target (up previously from $29.00) on shares of H&R Block in a research note on Wednesday, August 30th. Finally, BidaskClub raised H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. H&R Block has an average rating of “Hold” and a consensus price target of $27.17.

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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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