Marshall Wace North America L.P. raised its position in H&R Block, Inc. (NYSE:HRB) by 603.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,641 shares of the company’s stock after buying an additional 169,558 shares during the period. Marshall Wace North America L.P. owned about 0.10% of H&R Block worth $6,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock worth $762,078,000 after buying an additional 31,852,089 shares during the last quarter. Vanguard Group Inc. raised its position in shares of H&R Block by 1.7% in the first quarter. Vanguard Group Inc. now owns 20,813,812 shares of the company’s stock worth $483,921,000 after buying an additional 348,330 shares during the last quarter. State Street Corp raised its position in shares of H&R Block by 6.3% in the first quarter. State Street Corp now owns 10,668,894 shares of the company’s stock worth $248,052,000 after buying an additional 636,772 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of H&R Block by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 7,932,832 shares of the company’s stock worth $184,439,000 after buying an additional 685,702 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of H&R Block by 3.4% in the second quarter. First Eagle Investment Management LLC now owns 6,144,521 shares of the company’s stock worth $189,927,000 after buying an additional 203,186 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

H&R Block, Inc. (NYSE:HRB) opened at 29.61 on Tuesday. The company has a market cap of $6.13 billion, a PE ratio of 15.55 and a beta of 0.54. H&R Block, Inc. has a 12-month low of $19.85 and a 12-month high of $31.80. The company has a 50-day moving average price of $30.50 and a 200 day moving average price of $26.30.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.53 by $0.23. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.16 earnings per share. On average, analysts forecast that H&R Block, Inc. will post $1.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.96 annualized dividend and a dividend yield of 3.24%. H&R Block’s dividend payout ratio is currently 47.76%.

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HRB has been the subject of a number of recent research reports. Morgan Stanley upped their target price on H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 14th. Credit Suisse Group reiterated a “neutral” rating and issued a $29.00 price target (up from $27.00) on shares of H&R Block in a research report on Wednesday, June 14th. Zacks Investment Research cut H&R Block from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. BidaskClub cut H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, BTIG Research reiterated a “sell” rating and issued a $17.00 price target on shares of H&R Block in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.63.

In other news, SVP Kathryn M. Collins sold 7,000 shares of H&R Block stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $30.36, for a total value of $212,520.00. Following the transaction, the senior vice president now owns 20,534 shares in the company, valued at $623,412.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Tom D. Seip sold 6,300 shares of H&R Block stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $29.84, for a total value of $187,992.00. Following the completion of the transaction, the director now owns 91,071 shares in the company, valued at approximately $2,717,558.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,473,471 shares of company stock worth $45,309,203. Company 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.

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

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