Canada Pension Plan Investment Board Sells 24,210 Shares of H&R Block, Inc. (NYSE:HRB)


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Canada Pension Plan Investment Board lessened its position in shares of H&R Block, Inc. (NYSE:HRB) by 90.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,543 shares of the company’s stock after selling 24,210 shares during the period. Canada Pension Plan Investment Board’s holdings in H&R Block were worth $40,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HRB. Lazard Asset Management LLC raised its stake in H&R Block by 64.2% during the fourth quarter. Lazard Asset Management LLC now owns 8,272,674 shares of the company’s stock worth $131,204,000 after buying an additional 3,234,810 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in H&R Block by 161.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,765,576 shares of the company’s stock worth $59,722,000 after buying an additional 2,326,253 shares during the last quarter. Morgan Stanley raised its stake in H&R Block by 306.8% during the fourth quarter. Morgan Stanley now owns 1,887,268 shares of the company’s stock worth $29,933,000 after buying an additional 1,423,373 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in H&R Block by 6.1% during the fourth quarter. Jupiter Asset Management Ltd. now owns 13,829,552 shares of the company’s stock worth $219,337,000 after buying an additional 794,552 shares during the last quarter. Finally, BlackRock Inc. raised its stake in H&R Block by 2.3% during the fourth quarter. BlackRock Inc. now owns 21,947,874 shares of the company’s stock worth $348,094,000 after buying an additional 484,536 shares during the last quarter. 89.34% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on HRB shares. Morgan Stanley raised their price target on shares of H&R Block from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 16th. BMO Capital Markets raised their price target on shares of H&R Block from $18.00 to $21.00 and gave the stock a “market perform” rating in a report on Thursday, March 11th. Oppenheimer restated a “neutral” rating on shares of H&R Block in a report on Thursday, February 4th. Finally, Barrington Research raised their price target on shares of H&R Block from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, March 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.00.

Shares of NYSE HRB opened at $22.68 on Tuesday. The stock has a market capitalization of $4.11 billion, a P/E ratio of 22.91, a P/E/G ratio of 0.39 and a beta of 0.70. The company has a 50-day moving average price of $20.82 and a 200-day moving average price of $18.18. H&R Block, Inc. has a 1 year low of $13.05 and a 1 year high of $22.99. The company has a debt-to-equity ratio of 25.84, a current ratio of 1.07 and a quick ratio of 1.07.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Monday, March 8th. The company reported ($1.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.29) by $0.12. The firm had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $351.18 million. H&R Block had a net margin of 6.38% and a negative return on equity of 379.12%. The business’s revenue was down 40.7% on a year-over-year basis. During the same period last year, the company earned ($0.59) earnings per share. As a group, equities research analysts anticipate that H&R Block, Inc. will post 3.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Tuesday, March 16th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Monday, March 15th. H&R Block’s dividend payout ratio is currently 123.81%.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation, do-it-yourself (DIY) tax, and virtual tax preparation services and products 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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