Amundi Pioneer Asset Management Inc. Sells 1,094,678 Shares of H & R Block Inc (HRB)

Share on StockTwits

Amundi Pioneer Asset Management Inc. lessened its stake in H & R Block Inc (NYSE:HRB) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,909,434 shares of the company’s stock after selling 1,094,678 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in H & R Block were worth $73,813,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of H & R Block by 48.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 123,922 shares of the company’s stock worth $3,209,000 after buying an additional 40,167 shares during the period. Wells Fargo & Company MN raised its stake in shares of H & R Block by 28.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,665,147 shares of the company’s stock worth $42,877,000 after buying an additional 371,304 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of H & R Block by 3.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 684,424 shares of the company’s stock worth $17,624,000 after buying an additional 20,823 shares during the period. JPMorgan Chase & Co. raised its stake in shares of H & R Block by 233.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,768,828 shares of the company’s stock worth $97,048,000 after buying an additional 2,638,607 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of H & R Block by 2.3% during the 3rd quarter. Toronto Dominion Bank now owns 153,886 shares of the company’s stock worth $3,961,000 after buying an additional 3,494 shares during the period. Institutional investors and hedge funds own 96.33% of the company’s stock.

Shares of HRB stock opened at $24.24 on Friday. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market cap of $4.89 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.23 and a beta of 0.10. H & R Block Inc has a 1-year low of $22.45 and a 1-year high of $29.81.

H & R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.03). H & R Block had a net margin of 21.79% and a return on equity of 829.18%. The firm had revenue of $468.00 million during the quarter, compared to analyst estimates of $465.48 million. During the same period in the prior year, the company posted ($1.16) earnings per share. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, sell-side analysts forecast that H & R Block Inc will post 1.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Friday, March 15th. H & R Block’s dividend payout ratio is currently 33.56%.

Several research analysts have recently weighed in on the company. Morgan Stanley upped their target price on H & R Block from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, December 7th. Zacks Investment Research downgraded H & R Block from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Goldman Sachs Group downgraded H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 target price for the company. in a research note on Thursday, January 31st. Finally, ValuEngine downgraded H & R Block from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. H & R Block currently has an average rating of “Hold” and an average target price of $24.67.

COPYRIGHT VIOLATION WARNING: “Amundi Pioneer Asset Management Inc. Sells 1,094,678 Shares of H & R Block Inc (HRB)” was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/4239604/amundi-pioneer-asset-management-inc-sells-1094678-shares-of-h-r-block-inc-hrb.html.

H & R Block Company Profile

H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.

See Also: What is Call Option Volume?

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).

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

Receive News & Ratings for H & R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H & R Block and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Qiwi PLC  Expected to Post Earnings of $0.31 Per Share
Qiwi PLC Expected to Post Earnings of $0.31 Per Share
Solaris  Hits Market Capitalization of $1.14 Million
Solaris Hits Market Capitalization of $1.14 Million
$1.37 Billion in Sales Expected for Caci International Inc  This Quarter
$1.37 Billion in Sales Expected for Caci International Inc This Quarter
TokenStars Trading 26.8% Higher  This Week
TokenStars Trading 26.8% Higher This Week
Akoustis Technologies Inc  Expected to Post Earnings of -$0.25 Per Share
Akoustis Technologies Inc Expected to Post Earnings of -$0.25 Per Share
Selfkey  24-Hour Trading Volume Hits $967,433.00
Selfkey 24-Hour Trading Volume Hits $967,433.00


© 2006-2019 Ticker Report