HL Financial Services LLC Has $320,000 Stake in H&R Block, Inc. (HRB)
HL Financial Services LLC continued to hold its position 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 firm owned 10,337 shares of the company’s stock at the end of the second quarter. HL Financial Services LLC’s holdings in H&R Block were worth $320,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Korea Investment CORP boosted its position in shares of H&R Block by 30.2% in the first quarter. Korea Investment CORP now owns 138,000 shares of the company’s stock valued at $3,209,000 after buying an additional 32,000 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of H&R Block by 168.7% in the first quarter. Canada Pension Plan Investment Board now owns 93,574 shares of the company’s stock valued at $2,176,000 after buying an additional 58,747 shares during the period. Janus Capital Management LLC boosted its position in shares of H&R Block by 76.0% in the first quarter. Janus Capital Management LLC now owns 496,134 shares of the company’s stock valued at $11,535,000 after buying an additional 214,206 shares during the period. Trexquant Investment LP acquired a new position in shares of H&R Block during the first quarter valued at about $208,000. Finally, LMR Partners LLP acquired a new position in shares of H&R Block during the first quarter valued at about $474,000. 91.45% of the stock is owned by hedge funds and other institutional investors.
H&R Block, Inc. (NYSE:HRB) opened at 31.49 on Wednesday. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $31.80. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 16.54 and a beta of 0.54. The company’s 50-day moving average is $30.70 and its 200-day moving average is $25.87.
H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.53 by $0.23. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.16 EPS. Equities analysts predict that H&R Block, Inc. will post $1.99 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This report was reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/hl-financial-services-llc-has-320000-stake-in-hr-block-inc-hrb/1493500.html.
Several research analysts recently issued reports on HRB shares. Zacks Investment Research raised shares of H&R Block from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Wednesday, May 24th. Barrington Research raised their target price on shares of H&R Block from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, June 19th. Credit Suisse Group reissued a “neutral” rating and set a $29.00 target price (up previously from $27.00) on shares of H&R Block in a report on Wednesday, June 14th. BTIG Research reissued a “sell” rating and set a $17.00 target price on shares of H&R Block in a report on Monday, May 1st. Finally, BidaskClub cut shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. H&R Block presently has an average rating of “Hold” and an average target price of $27.67.
In other H&R Block news, Director David B. Lewis sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $30.01, for a total transaction of $240,080.00. Following the completion of the transaction, the director now directly owns 82,083 shares in the company, valued at approximately $2,463,310.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William C. Cobb sold 387,740 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $31.19, for a total transaction of $12,093,610.60. Following the transaction, the insider now owns 658,463 shares of the company’s stock, valued at $20,537,460.97. The disclosure for this sale can be found here. Insiders have sold a total of 1,473,471 shares of company stock valued at $45,309,203 over the last 90 days. 0.63% of the stock is currently 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.
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).
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.