Goldman Sachs Group Inc. Buys 3,552 Shares of Liberty Tax, Inc. (TAX)
Goldman Sachs Group Inc. raised its stake in shares of Liberty Tax, Inc. (NASDAQ:TAX) by 18.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,607 shares of the business services provider’s stock after buying an additional 3,552 shares during the quarter. Goldman Sachs Group Inc. owned about 0.16% of Liberty Tax worth $293,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Citigroup Inc. increased its holdings in shares of Liberty Tax by 6.6% in the 2nd quarter. Citigroup Inc. now owns 8,654 shares of the business services provider’s stock worth $112,000 after purchasing an additional 535 shares in the last quarter. Creative Planning increased its holdings in shares of Liberty Tax by 14,900.0% in the 2nd quarter. Creative Planning now owns 15,000 shares of the business services provider’s stock worth $194,000 after purchasing an additional 14,900 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Liberty Tax by 4.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 18,876 shares of the business services provider’s stock worth $269,000 after purchasing an additional 795 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Liberty Tax in the 2nd quarter worth $288,000. Finally, Seizert Capital Partners LLC increased its holdings in shares of Liberty Tax by 5.2% in the 2nd quarter. Seizert Capital Partners LLC now owns 33,321 shares of the business services provider’s stock worth $432,000 after purchasing an additional 1,637 shares in the last quarter. Institutional investors and hedge funds own 46.26% of the company’s stock.
A number of research firms have commented on TAX. Zacks Investment Research raised Liberty Tax from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. ValuEngine lowered Liberty Tax from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
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Shares of Liberty Tax, Inc. (TAX) opened at $11.90 on Friday. The company has a market capitalization of $149.97, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 1.00 and a beta of 1.01. Liberty Tax, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $16.19. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.36.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 23rd. Shareholders of record on Friday, October 13th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend was Thursday, October 12th. Liberty Tax’s payout ratio is 168.42%.
About Liberty Tax
Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.
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