DnB Asset Management AS held its stake in shares of H&R Block, Inc. (NYSE:HRB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,666 shares of the company’s stock at the end of the second quarter. DnB Asset Management AS’s holdings in H&R Block were worth $546,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of H&R Block by 58.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,567 shares of the company’s stock valued at $106,000 after buying an additional 1,682 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of H&R Block by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 4,640 shares of the company’s stock valued at $108,000 after buying an additional 2,184 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of H&R Block during the first quarter valued at $122,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of H&R Block by 15.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,343 shares of the company’s stock valued at $122,000 after buying an additional 695 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in shares of H&R Block during the first quarter valued at $136,000. 92.91% of the stock is owned by hedge funds and other institutional investors.

H&R Block, Inc. (NYSE HRB) opened at 30.53 on Monday. The stock has a market cap of $6.33 billion, a PE ratio of 16.03 and a beta of 0.54. The stock has a 50 day moving average price of $27.73 and a 200-day moving average price of $24.16. H&R Block, Inc. has a 12 month low of $19.85 and a 12 month high of $31.70.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.53 by $0.23. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.16 earnings per share. On average, analysts expect that H&R Block, Inc. will post $1.99 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Friday, June 23rd were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This is a positive change from H&R Block’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.14%. H&R Block’s payout ratio is 47.76%.

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Several brokerages recently weighed in on HRB. BidaskClub downgraded H&R Block from a “strong-buy” rating to a “buy” rating in a report on Sunday. Morgan Stanley increased their price target on H&R Block from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 14th. Barrington Research increased their price target on H&R Block from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, June 19th. BMO Capital Markets increased their price objective on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research upgraded H&R Block from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.67.

In related news, insider William C. Cobb sold 750,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the transaction, the insider now directly owns 1,301,458 shares of the company’s stock, valued at $39,564,323.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tom D. Seip sold 6,300 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $29.84, for a total value of $187,992.00. Following the transaction, the director now directly owns 91,071 shares in the company, valued at $2,717,558.64. The disclosure for this sale can be found here. Insiders have sold 1,469,740 shares of company stock worth $45,195,680 over the last ninety days. 1.30% of the stock is owned by 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.

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

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