Schroder Investment Management Group Decreases Stake in H & R Block Inc (HRB)

Schroder Investment Management Group cut its holdings in H & R Block Inc (NYSE:HRB) by 28.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,520,603 shares of the company’s stock after selling 990,953 shares during the period. Schroder Investment Management Group’s holdings in H & R Block were worth $57,294,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HRB. Tower Research Capital LLC TRC boosted its holdings in shares of H & R Block by 103.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $106,000 after buying an additional 2,369 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of H & R Block in the 2nd quarter valued at about $109,000. Caption Management LLC acquired a new position in shares of H & R Block in the 2nd quarter valued at about $114,000. Flagship Harbor Advisors LLC acquired a new position in shares of H & R Block in the 2nd quarter valued at about $137,000. Finally, Hikari Power Ltd acquired a new position in shares of H & R Block in the 2nd quarter valued at about $222,000. 95.66% of the stock is owned by institutional investors and hedge funds.

HRB has been the subject of several research reports. Morgan Stanley decreased their price target on shares of H & R Block from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, June 13th. They noted that the move was a valuation call. BMO Capital Markets decreased their price target on shares of H & R Block from $29.00 to $25.00 and set a “market perform” rating for the company in a report on Wednesday, June 13th. ValuEngine lowered shares of H & R Block from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 13th. Barrington Research reduced their target price on shares of H & R Block from $32.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, June 14th. Finally, TheStreet raised shares of H & R Block from a “c+” rating to a “b” rating in a research note on Tuesday, June 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $25.53.

In other H & R Block news, insider Thomas A. Gerke sold 70,000 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $26.54, for a total transaction of $1,857,800.00. Following the completion of the transaction, the insider now directly owns 68,073 shares of the company’s stock, valued at approximately $1,806,657.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

H & R Block stock opened at $26.51 on Tuesday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 7.79. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 1.33 and a beta of 0.18. H & R Block Inc has a 52-week low of $22.45 and a 52-week high of $29.81.

H & R Block (NYSE:HRB) last posted its earnings results on Tuesday, August 28th. The company reported ($0.72) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.05. The firm had revenue of $145.00 million during the quarter, compared to analyst estimates of $137.57 million. H & R Block had a net margin of 18.66% and a negative return on equity of 461.55%. H & R Block’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.62) EPS. Equities analysts forecast that H & R Block Inc will post 1.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Wednesday, September 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Tuesday, September 11th. H & R Block’s payout ratio is 33.56%.

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

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