Great West Life Assurance Co. Can lowered its position in H&R Block, Inc. (NYSE:HRB) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 156,128 shares of the company’s stock after selling 5,820 shares during the period. Great West Life Assurance Co. Can’s holdings in H&R Block were worth $4,820,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake 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 during the period. TrimTabs Asset Management LLC increased its stake 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 during the period. Ameritas Investment Partners Inc. purchased a new stake in H&R Block during the first quarter worth approximately $122,000. Salem Investment Counselors Inc. purchased a new stake in H&R Block during the first quarter worth approximately $136,000. Finally, Daiwa Securities Group Inc. increased its stake 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 during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

Shares of H&R Block, Inc. (HRB) opened at 31.27 on Tuesday. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $31.70. The stock has a 50 day moving average price of $30.69 and a 200-day moving average price of $25.80. The stock has a market capitalization of $6.48 billion, a PE ratio of 16.42 and a beta of 0.54.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, June 13th. The company reported $3.76 EPS for the quarter, beating the consensus estimate of $3.53 by $0.23. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $3.16 EPS. On average, equities research analysts anticipate that H&R Block, Inc. will post $1.99 EPS for the current fiscal year.

WARNING: This article was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.watchlistnews.com/great-west-life-assurance-co-can-cuts-stake-in-hr-block-inc-hrb/1488747.html.

A number of equities research analysts recently commented on the company. BidaskClub downgraded H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Morgan Stanley lifted their target price 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 lifted their target price 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 lifted their target price on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, June 16th. Finally, Zacks Investment Research raised H&R Block from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Thursday, June 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.67.

In other news, insider William C. Cobb sold 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total value of $22,800,000.00. Following the completion of the sale, the insider now directly owns 1,301,458 shares of the company’s stock, valued at approximately $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 firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 91,071 shares of the company’s stock, valued at $2,717,558.64. The disclosure for this sale can be found here. Insiders sold a total of 1,473,471 shares of company stock valued at $45,309,203 over the last three months. Insiders own 0.63% of the company’s stock.

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.

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