H & R Block Inc (NYSE:HRB) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 3,356 call options on the stock. This represents an increase of approximately 1,053% compared to the average volume of 291 call options.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of H & R Block by 20.5% during the 2nd quarter. BlackRock Inc. now owns 25,588,346 shares of the company’s stock valued at $582,902,000 after buying an additional 4,356,920 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of H & R Block by 14.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,061,902 shares of the company’s stock valued at $181,844,000 after buying an additional 881,000 shares during the period. Jupiter Asset Management Ltd. boosted its stake in shares of H & R Block by 15.4% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 5,008,271 shares of the company’s stock valued at $128,963,000 after buying an additional 669,971 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of H & R Block by 233.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,768,828 shares of the company’s stock valued at $97,048,000 after buying an additional 2,638,607 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of H & R Block by 49.4% during the 3rd quarter. Schroder Investment Management Group now owns 3,766,295 shares of the company’s stock valued at $96,982,000 after buying an additional 1,245,692 shares during the period. 94.64% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have issued reports on the stock. Zacks Investment Research restated a “hold” rating on shares of H & R Block in a research report on Tuesday, November 13th. Barrington Research reaffirmed a “buy” rating and issued a $27.00 price objective on shares of H & R Block in a research note on Thursday, August 23rd. ValuEngine raised shares of H & R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Morgan Stanley decreased their price objective on shares of H & R Block from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.67.

H & R Block stock opened at $27.52 on Thursday. H & R Block has a 52 week low of $22.45 and a 52 week high of $29.81. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.27 and a quick ratio of 2.27. The company has a market capitalization of $5.55 billion, a P/E ratio of 9.23, a PEG ratio of 1.46 and a beta of 0.09.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Friday, November 30th. H & R Block’s dividend payout ratio is 33.56%.

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H & R Block Company 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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