Chevy Chase Trust Holdings Inc. reduced its stake in H & R Block Inc (NYSE:HRB) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,540 shares of the company’s stock after selling 2,061 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of H & R Block worth $3,863,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. acquired a new position in H & R Block in the third quarter valued at approximately $33,000. Tiverton Asset Management LLC acquired a new position in H & R Block in the second quarter valued at approximately $46,000. Pearl River Capital LLC acquired a new position in H & R Block in the second quarter valued at approximately $55,000. Rational Advisors LLC boosted its stake in H & R Block by 4,454.9% in the third quarter. Rational Advisors LLC now owns 2,323 shares of the company’s stock valued at $55,000 after acquiring an additional 2,272 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in H & R Block in the third quarter valued at approximately $57,000.
A number of brokerages have commented on HRB. Jefferies Financial Group began coverage on H & R Block in a research note on Wednesday, November 27th. They issued a “hold” rating and a $28.00 target price for the company. TheStreet downgraded H & R Block from a “b” rating to a “c+” rating in a research note on Wednesday, August 28th. ValuEngine upgraded H & R Block from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Barrington Research restated a “buy” rating and issued a $30.00 target price on shares of H & R Block in a research note on Monday. Finally, Morgan Stanley decreased their target price on H & R Block from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.20.
HRB opened at $24.07 on Tuesday. The business’s 50 day moving average is $24.49 and its 200-day moving average is $26.05. The stock has a market cap of $4.89 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.21 and a beta of 0.22. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 6.14. H & R Block Inc has a twelve month low of $22.96 and a twelve month high of $29.62.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, December 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.32%. H & R Block’s dividend payout ratio (DPR) is presently 48.37%.
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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