Continental Advisors LLC lowered its stake in shares of H&R Block, Inc. (NYSE:HRB) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,242 shares of the company’s stock after selling 10,500 shares during the quarter. H&R Block comprises about 1.7% of Continental Advisors LLC’s holdings, making the stock its 15th largest position. Continental Advisors LLC owned 0.14% of H&R Block worth $7,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of HRB. JPMorgan Chase & Co. increased its stake in shares of H&R Block by 247.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock valued at $94,759,000 after acquiring an additional 2,182,306 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of H&R Block by 208.9% during the 2nd quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock valued at $82,277,000 after acquiring an additional 1,801,791 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of H&R Block by 70.5% during the 3rd quarter. APG Asset Management N.V. now owns 4,066,049 shares of the company’s stock valued at $107,669,000 after acquiring an additional 1,681,474 shares during the last quarter. Lord Abbett & CO. LLC increased its position in H&R Block by 838.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,459,100 shares of the company’s stock worth $45,101,000 after purchasing an additional 1,303,700 shares in the last quarter. Finally, American Century Companies Inc. increased its position in H&R Block by 5,390.7% during the 2nd quarter. American Century Companies Inc. now owns 1,191,765 shares of the company’s stock worth $36,837,000 after purchasing an additional 1,170,060 shares in the last quarter. 95.51% of the stock is owned by institutional investors.

H&R Block, Inc. (HRB) traded down $0.17 on Monday, reaching $27.22. 4,838,000 shares of the company were exchanged, compared to its average volume of 3,093,275. The firm has a market cap of $5,690.85, a P/E ratio of 14.03, a PEG ratio of 1.27 and a beta of 0.56. H&R Block, Inc. has a 12-month low of $19.85 and a 12-month high of $31.80. The company has a debt-to-equity ratio of -3.62, a quick ratio of 1.13 and a current ratio of 1.13.

H&R Block (NYSE:HRB) last posted its earnings results on Wednesday, December 6th. The company reported ($0.71) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.72) by $0.01. H&R Block had a net margin of 12.90% and a negative return on equity of 110.06%. The firm had revenue of $140.85 million during the quarter, compared to the consensus estimate of $131.24 million. During the same quarter in the prior year, the company earned ($0.67) EPS. The company’s revenue was up 7.3% on a year-over-year basis. analysts expect that H&R Block, Inc. will post 1.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, December 1st. H&R Block’s dividend payout ratio (DPR) is 51.06%.

A number of analysts recently issued reports on HRB shares. BTIG Research reissued a “sell” rating and set a $19.00 target price on shares of H&R Block in a research report on Tuesday, August 29th. Credit Suisse Group reissued a “neutral” rating and set a $30.00 target price (up previously from $29.00) on shares of H&R Block in a research report on Wednesday, August 30th. Oppenheimer reissued a “market perform” rating on shares of H&R Block in a research report on Thursday, August 31st. BMO Capital Markets reissued a “hold” rating and set a $27.00 target price on shares of H&R Block in a research report on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of H&R Block from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.60.

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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.

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

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