H&R Block, Inc. (HRB) Stake Increased by Vanguard Group Inc.
Vanguard Group Inc. lifted its position in H&R Block, Inc. (NYSE:HRB) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,344,192 shares of the company’s stock after acquiring an additional 530,380 shares during the quarter. Vanguard Group Inc. owned approximately 10.21% of H&R Block worth $659,749,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position in H&R Block by 3,441.6% during the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock valued at $762,078,000 after buying an additional 31,852,089 shares during the period. JPMorgan Chase & Co. grew its position in H&R Block by 247.1% during the second quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock valued at $94,759,000 after buying an additional 2,182,306 shares during the period. Schroder Investment Management Group grew its position in H&R Block by 208.9% during the second quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock valued at $82,277,000 after buying an additional 1,801,791 shares during the period. American Century Companies Inc. grew its position in H&R Block by 5,390.7% during the second quarter. American Century Companies Inc. now owns 1,191,765 shares of the company’s stock valued at $36,837,000 after buying an additional 1,170,060 shares during the period. Finally, State Street Corp grew its position in H&R Block by 6.3% during the first quarter. State Street Corp now owns 10,668,894 shares of the company’s stock valued at $248,052,000 after buying an additional 636,772 shares during the period. Hedge funds and other institutional investors own 90.26% of the company’s stock.
H&R Block, Inc. (HRB) opened at 26.48 on Friday. The firm’s 50-day moving average is $28.70 and its 200-day moving average is $27.07. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 13.97 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.
H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.62). H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The business had revenue of $138.00 million during the quarter, compared to analyst estimates of $129.33 million. During the same quarter in the previous year, the firm earned ($0.56) EPS. H&R Block’s revenue was up 10.4% on a year-over-year basis. On average, analysts anticipate that H&R Block, Inc. will post $1.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Tuesday, September 12th. H&R Block’s dividend payout ratio (DPR) is 49.48%.
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Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. ValuEngine lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. Morgan Stanley increased their price target on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 14th. Barrington Research increased their price target on shares of H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, June 19th. Finally, BMO Capital Markets increased their price target on shares of H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.71.
In other H&R Block news, SVP Kathryn M. Collins sold 2,931 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $30.35, for a total transaction of $88,955.85. Following the completion of the sale, the senior vice president now directly owns 17,372 shares in the company, valued at approximately $527,240.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.
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