California State Teachers Retirement System Has $10.34 Million Stake in H & R Block Inc (HRB)

California State Teachers Retirement System lifted its position in shares of H & R Block Inc (NYSE:HRB) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 394,435 shares of the company’s stock after purchasing an additional 28,966 shares during the period. California State Teachers Retirement System owned 0.19% of H & R Block worth $10,342,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Stone Ridge Asset Management LLC purchased a new stake in shares of H & R Block during the fourth quarter worth about $436,000. QS Investors LLC boosted its holdings in shares of H & R Block by 25.2% during the fourth quarter. QS Investors LLC now owns 34,682 shares of the company’s stock worth $909,000 after purchasing an additional 6,991 shares during the period. Brandywine Global Investment Management LLC boosted its holdings in shares of H & R Block by 21.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 787,212 shares of the company’s stock worth $20,641,000 after purchasing an additional 139,498 shares during the period. Jefferies Group LLC boosted its holdings in shares of H & R Block by 68.5% during the fourth quarter. Jefferies Group LLC now owns 161,388 shares of the company’s stock worth $4,232,000 after purchasing an additional 65,588 shares during the period. Finally, Advisor Group Inc. boosted its holdings in shares of H & R Block by 55.2% during the fourth quarter. Advisor Group Inc. now owns 42,941 shares of the company’s stock worth $1,126,000 after purchasing an additional 15,279 shares during the period. Institutional investors own 95.27% of the company’s stock.

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A number of equities analysts recently issued reports on HRB shares. BMO Capital Markets reissued a “market perform” rating and issued a $30.00 price target on shares of H & R Block in a research note on Thursday, December 7th. Oppenheimer reissued a “hold” rating on shares of H & R Block in a research note on Thursday, December 7th. Zacks Investment Research downgraded shares of H & R Block from a “hold” rating to a “sell” rating in a research note on Friday, December 8th. ValuEngine raised shares of H & R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Finally, Northcoast Research raised shares of H & R Block from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $25.02 to $24.69 in a research note on Monday, March 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.67.

H & R Block stock opened at $25.50 on Friday. H & R Block Inc has a one year low of $22.16 and a one year high of $31.80. The stock has a market cap of $5,266.44, a PE ratio of 21.25, a P/E/G ratio of 0.83 and a beta of 0.40. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of -3.27.

H & R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, March 6th. The company reported ($1.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.29) by $0.13. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The company had revenue of $488.00 million during the quarter, compared to the consensus estimate of $459.14 million. During the same period in the prior year, the firm earned ($0.49) earnings per share. H & R Block’s revenue was up 8.0% on a year-over-year basis. analysts anticipate that H & R Block Inc will post 2.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Tuesday, March 13th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Monday, March 12th. H & R Block’s dividend payout ratio is 80.00%.

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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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Institutional Ownership by Quarter for H & R Block (NYSE:HRB)

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