NorthCoast Asset Management LLC bought a new position in shares of H&R Block, Inc. (NYSE:HRB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 70,833 shares of the company’s stock, valued at approximately $1,876,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Veritable L.P. raised its stake in shares of H&R Block by 0.3% during the 2nd quarter. Veritable L.P. now owns 13,151 shares of the company’s stock worth $407,000 after buying an additional 37 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of H&R Block by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock worth $399,000 after buying an additional 200 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of H&R Block by 7.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after buying an additional 296 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of H&R Block by 4.1% during the 2nd quarter. LS Investment Advisors LLC now owns 15,056 shares of the company’s stock worth $465,000 after buying an additional 588 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of H&R Block by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 242,618 shares of the company’s stock worth $7,500,000 after buying an additional 889 shares during the last quarter. Institutional investors own 92.58% of the company’s stock.

Several research firms have recently issued reports on HRB. Zacks Investment Research raised H&R Block from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. BMO Capital Markets reaffirmed a “hold” rating and set a $27.00 price target on shares of H&R Block in a research note on Friday, October 13th. ValuEngine raised H&R Block from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of H&R Block in a research note on Thursday, August 31st. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of H&R Block in a research note on Wednesday, August 30th. 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. H&R Block currently has an average rating of “Hold” and a consensus target price of $26.67.

H&R Block, Inc. (HRB) opened at $25.66 on Friday. 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 cap of $5,404.20, a PE ratio of 13.06, a P/E/G ratio of 1.19 and a beta of 0.54. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of -6.97.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, meeting the consensus estimate of ($0.62). H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The firm had revenue of $138.00 million during the quarter, compared to the consensus estimate of $129.33 million. During the same quarter in the previous year, the company posted ($0.56) EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. equities analysts expect that H&R Block, Inc. will post 1.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 4th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.74%. The ex-dividend date is Friday, December 1st. H&R Block’s payout ratio is 49.48%.

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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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