KBC Group NV Lowers Position in H & R Block Inc (HRB)
KBC Group NV cut its holdings in H & R Block Inc (NYSE:HRB) by 15.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,388 shares of the company’s stock after selling 3,649 shares during the quarter. KBC Group NV’s holdings in H & R Block were worth $442,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of H & R Block during the second quarter valued at about $109,000. Zeke Capital Advisors LLC purchased a new stake in shares of H & R Block during the first quarter valued at about $215,000. Hikari Power Ltd purchased a new stake in shares of H & R Block during the second quarter valued at about $222,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of H & R Block during the second quarter valued at about $247,000. Finally, IFM Investors Pty Ltd lifted its position in shares of H & R Block by 34.3% during the second quarter. IFM Investors Pty Ltd now owns 11,120 shares of the company’s stock valued at $253,000 after buying an additional 2,839 shares during the last quarter. 98.48% of the stock is owned by institutional investors.
HRB opened at $26.47 on Friday. H & R Block Inc has a 52-week low of $22.45 and a 52-week high of $30.56. The company has a debt-to-equity ratio of 3.80, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $5.49 billion, a PE ratio of 8.88, a P/E/G ratio of 1.27 and a beta of 0.21.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Wednesday, September 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 3.78%. H & R Block’s dividend payout ratio (DPR) is currently 33.56%.
HRB has been the topic of several recent analyst reports. TheStreet upgraded shares of H & R Block from a “c+” rating to a “b” rating in a report on Tuesday, June 12th. Barrington Research restated a “buy” rating and set a $27.00 price objective on shares of H & R Block in a report on Thursday. ValuEngine upgraded shares of H & R Block from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Morgan Stanley cut their price objective on shares of H & R Block from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.96.
H & R Block Profile
H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
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