OMERS ADMINISTRATION Corp Invests $5.68 Million in H&R Block, Inc. (HRB)
OMERS ADMINISTRATION Corp bought a new stake in shares of H&R Block, Inc. (NYSE:HRB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 183,800 shares of the company’s stock, valued at approximately $5,681,000. OMERS ADMINISTRATION Corp owned 0.09% of H&R Block at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Korea Investment CORP raised its position in H&R Block by 30.2% in the first quarter. Korea Investment CORP now owns 138,000 shares of the company’s stock valued at $3,209,000 after buying an additional 32,000 shares during the last quarter. Canada Pension Plan Investment Board raised its position in H&R Block by 168.7% in the first quarter. Canada Pension Plan Investment Board now owns 93,574 shares of the company’s stock valued at $2,176,000 after buying an additional 58,747 shares during the last quarter. Janus Capital Management LLC raised its position in H&R Block by 76.0% in the first quarter. Janus Capital Management LLC now owns 496,134 shares of the company’s stock valued at $11,535,000 after buying an additional 214,206 shares during the last quarter. Trexquant Investment LP purchased a new position in H&R Block during the first quarter valued at $208,000. Finally, LMR Partners LLP purchased a new position in H&R Block during the first quarter valued at $474,000. Institutional investors own 90.28% of the company’s stock.
Shares of H&R Block, Inc. (NYSE HRB) opened at 29.61 on Tuesday. H&R Block, Inc. has a 12-month low of $19.85 and a 12-month high of $31.80. The firm’s 50-day moving average is $30.50 and its 200-day moving average is $26.30. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 15.55 and a beta of 0.54.
H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.23. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the company posted $3.16 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that H&R Block, Inc. will post $1.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 13th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a yield of 3.24%. H&R Block’s dividend payout ratio is currently 47.76%.
Several equities analysts have recently commented on HRB shares. Zacks Investment Research upgraded shares of H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, May 24th. BidaskClub lowered shares of H&R Block from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Barrington Research upped their price objective on shares of H&R Block from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, June 19th. Credit Suisse Group restated a “neutral” rating and issued a $29.00 price objective (up from $27.00) on shares of H&R Block in a report on Wednesday, June 14th. Finally, BTIG Research restated a “sell” rating and issued a $17.00 price objective on shares of H&R Block in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. H&R Block presently has a consensus rating of “Hold” and an average price target of $27.63.
In related news, SVP Kathryn M. Collins sold 7,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $30.36, for a total value of $212,520.00. Following the transaction, the senior vice president now owns 20,534 shares in the company, valued at $623,412.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William C. Cobb sold 387,740 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $31.19, for a total value of $12,093,610.60. Following the completion of the transaction, the insider now owns 658,463 shares in the company, valued at approximately $20,537,460.97. The disclosure for this sale can be found here. Insiders sold 1,473,471 shares of company stock worth $45,309,203 in the last 90 days. 0.63% of the stock is currently owned by corporate 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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