Global X Management Co. LLC increased its position in shares of H&R Block, Inc. (NYSE:HRB) by 5.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 390,920 shares of the company’s stock after buying an additional 20,610 shares during the period. Global X Management Co. LLC’s holdings in H&R Block were worth $12,083,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in 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 worth $106,000 after buying an additional 1,682 shares in the last quarter. TrimTabs Asset Management LLC raised its position in H&R Block by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 4,640 shares of the company’s stock worth $108,000 after buying an additional 2,184 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in H&R Block during the first quarter worth approximately $122,000. Salem Investment Counselors Inc. acquired a new position in H&R Block during the first quarter worth approximately $136,000. Finally, Daiwa Securities Group Inc. raised its position in H&R Block by 24.1% in the first quarter. Daiwa Securities Group Inc. now owns 6,700 shares of the company’s stock worth $156,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 92.81% of the company’s stock.

H&R Block, Inc. (NYSE HRB) opened at 30.90 on Thursday. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 16.23 and a beta of 0.54. H&R Block, Inc. has a 52 week low of $19.85 and a 52 week high of $31.70. The stock’s 50 day moving average price is $30.71 and its 200 day moving average price is $25.61.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, topping analysts’ consensus estimates of $3.53 by $0.23. The business had revenue of $2.33 billion for 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%. H&R Block’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.16 EPS. On average, equities research analysts predict that H&R Block, Inc. will post $1.99 EPS for the current year.

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HRB has been the topic of a number of recent analyst reports. BTIG Research reissued a “sell” rating and issued a $17.00 price objective on shares of H&R Block in a research note on Monday, May 1st. Zacks Investment Research lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Credit Suisse Group reissued a “neutral” rating and issued a $29.00 price objective (up previously from $27.00) on shares of H&R Block in a research note on Wednesday, June 14th. BidaskClub lowered H&R Block from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, BMO Capital Markets boosted their price objective on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. H&R Block currently has an average rating of “Hold” and an average price target of $27.67.

In related news, SVP Kathryn M. Collins sold 2,931 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $30.35, for a total transaction of $88,955.85. Following the sale, the senior vice president now owns 17,372 shares in the company, valued at approximately $527,240.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kathryn M. Collins sold 7,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $30.36, for a total value of $212,520.00. Following the sale, the senior vice president now owns 20,534 shares in the company, valued at approximately $623,412.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,473,471 shares of company stock worth $45,309,203 in the last 90 days. 0.63% of the stock is currently owned by corporate insiders.

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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