Stifel Financial Corp trimmed its stake in shares of H&R Block, Inc. (NYSE:HRB) by 34.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,683 shares of the company’s stock after selling 99,775 shares during the quarter. Stifel Financial Corp owned approximately 0.09% of H&R Block worth $5,835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HRB. Marshall Wace North America L.P. raised its holdings in shares of H&R Block by 603.8% during the second quarter. Marshall Wace North America L.P. now owns 197,641 shares of the company’s stock worth $6,127,000 after purchasing an additional 169,558 shares during the period. Janus Capital Management LLC raised its holdings in shares of H&R Block by 76.0% during the first quarter. Janus Capital Management LLC now owns 496,134 shares of the company’s stock worth $11,535,000 after purchasing an additional 214,206 shares during the period. Legal & General Group Plc raised its holdings in shares of H&R Block by 7.6% during the second quarter. Legal & General Group Plc now owns 1,230,666 shares of the company’s stock worth $38,040,000 after purchasing an additional 86,420 shares during the period. Prudential Financial Inc. raised its holdings in shares of H&R Block by 13.0% during the second quarter. Prudential Financial Inc. now owns 366,566 shares of the company’s stock worth $11,331,000 after purchasing an additional 42,050 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of H&R Block during the first quarter worth $208,000. Hedge funds and other institutional investors own 90.26% of the company’s stock.

In other news, SVP Kathryn M. Collins sold 2,931 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $30.35, for a total value of $88,955.85. Following the completion of the sale, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

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H&R Block, Inc. (HRB) opened at 24.86 on Friday. The firm has a 50 day moving average of $27.05 and a 200 day moving average of $27.27. H&R Block, Inc. has a one year low of $19.85 and a one year high of $31.80. The firm has a market capitalization of $5.20 billion, a PE ratio of 13.11 and a beta of 0.55.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.62). The firm had revenue of $138.00 million during the quarter, compared to analysts’ expectations of $129.33 million. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.56) EPS. Equities analysts forecast that H&R Block, Inc. will post $1.97 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th were paid a $0.24 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.86%. H&R Block’s dividend payout ratio (DPR) is presently 49.48%.

A number of brokerages have weighed in on HRB. Northcoast Research reissued a “neutral” rating on shares of H&R Block in a report on Wednesday, August 30th. ValuEngine cut shares of H&R Block from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $30.00 price objective (up previously from $29.00) on shares of H&R Block in a report on Wednesday, August 30th. BTIG Research increased their price objective on shares of H&R Block from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Wednesday, June 14th. Finally, BidaskClub raised shares of H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. H&R Block has a consensus rating of “Hold” and a consensus price target of $27.33.

H&R Block 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.

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

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