First Trust Advisors LP lessened its stake in H & R Block Inc (NYSE:HRB) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 250,874 shares of the company’s stock after selling 22,272 shares during the period. First Trust Advisors LP owned about 0.12% of H & R Block worth $6,578,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HRB. Eqis Capital Management Inc. boosted its position in shares of H & R Block by 9.3% during the fourth quarter. Eqis Capital Management Inc. now owns 21,966 shares of the company’s stock worth $576,000 after purchasing an additional 1,873 shares in the last quarter. Comerica Bank raised its holdings in shares of H & R Block by 2.9% during the fourth quarter. Comerica Bank now owns 69,476 shares of the company’s stock worth $1,887,000 after acquiring an additional 1,961 shares during the period. CHICAGO TRUST Co NA increased its stake in H & R Block by 22.2% in the 4th quarter. CHICAGO TRUST Co NA now owns 11,000 shares of the company’s stock valued at $288,000 after buying an additional 2,000 shares during the last quarter. Cambiar Investors LLC increased its stake in H & R Block by 1.6% in the 4th quarter. Cambiar Investors LLC now owns 137,255 shares of the company’s stock valued at $3,599,000 after buying an additional 2,173 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in H & R Block by 7.2% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 41,324 shares of the company’s stock valued at $1,094,000 after buying an additional 2,777 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.
Several research analysts have recently weighed in on the stock. BMO Capital Markets restated a “market perform” rating and set a $30.00 price objective on shares of H & R Block in a research note on Thursday, December 7th. Oppenheimer reaffirmed a “hold” rating on shares of H & R Block in a report on Thursday, December 7th. Zacks Investment Research cut shares of H & R Block from a “hold” rating to a “sell” rating in a research report on Friday, December 8th. ValuEngine upgraded shares of H & R Block from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th. Finally, Northcoast Research upgraded shares of H & R Block from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $25.02 to $24.69 in a research report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. H & R Block currently has a consensus rating of “Hold” and an average price target of $27.67.
H & R Block Inc (HRB) traded down $0.57 during midday trading on Wednesday, reaching $26.62. 4,027,854 shares of the company were exchanged, compared to its average volume of 3,604,801. The company has a debt-to-equity ratio of -3.27, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $5,807.93, a P/E ratio of 22.23, a PEG ratio of 0.92 and a beta of 0.40. H & R Block Inc has a 1-year low of $22.16 and a 1-year high of $31.80.
H & R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, March 6th. The company reported ($1.16) EPS for the quarter, beating analysts’ consensus estimates of ($1.29) by $0.13. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The company had revenue of $488.00 million during the quarter, compared to analyst estimates of $459.14 million. During the same period last year, the business earned ($0.49) earnings per share. H & R Block’s revenue was up 8.0% compared to the same quarter last year. research analysts predict that H & R Block Inc will post 2.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Tuesday, March 13th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Monday, March 12th. H & R Block’s dividend payout ratio (DPR) is presently 80.00%.
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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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