BlackRock Inc. reduced its stake in shares of H & R Block Inc (NYSE:HRB) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,555,356 shares of the company’s stock after selling 1,805,340 shares during the quarter. BlackRock Inc. owned about 0.13% of H & R Block worth $722,501,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of HRB. Ffcm LLC bought a new position in H & R Block during the 4th quarter worth $137,000. SeaCrest Wealth Management LLC bought a new position in H & R Block during the 4th quarter worth $142,000. FDO Partners LLC bought a new position in H & R Block during the 3rd quarter worth $203,000. Conning Inc. bought a new position in H & R Block during the 4th quarter worth $208,000. Finally, Assetmark Inc. grew its stake in H & R Block by 111.9% during the 3rd 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. Hedge funds and other institutional investors own 97.27% of the company’s stock.
H & R Block Inc (NYSE:HRB) opened at $26.82 on Monday. The company has a debt-to-equity ratio of -3.62, a quick ratio of 1.13 and a current ratio of 1.13. H & R Block Inc has a 12-month low of $19.85 and a 12-month high of $31.80. The stock has a market capitalization of $5,607.23, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.37.
HRB has been the subject of a number of recent research reports. BMO Capital Markets upped their price objective on H & R Block from $2.75 to $31.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 23rd. Zacks Investment Research downgraded H & R Block from a “hold” rating to a “sell” rating in a research note on Friday, December 8th. ValuEngine upgraded H & R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Finally, Oppenheimer reiterated a “hold” rating on shares of H & R Block in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.67.
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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