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%.

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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.

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

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