ARP Americas LP boosted its position in shares of H & R Block Inc (NYSE:HRB) by 211.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,500 shares of the company’s stock after acquiring an additional 30,900 shares during the period. ARP Americas LP’s holdings in H & R Block were worth $1,193,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ffcm LLC acquired a new position in shares of H & R Block in the 4th quarter worth approximately $137,000. SeaCrest Wealth Management LLC bought a new stake in shares of H & R Block during the 4th quarter valued at $142,000. FDO Partners LLC bought a new stake in shares of H & R Block during the 3rd quarter valued at $203,000. Conning Inc. bought a new stake in shares of H & R Block during the 4th quarter valued at $208,000. Finally, Assetmark Inc. raised its position in shares of H & R Block by 111.9% during the 3rd quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock valued at $209,000 after acquiring an additional 4,170 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.
Shares of H & R Block Inc (NYSE:HRB) traded down $0.57 during trading hours on Wednesday, hitting $26.62. 4,027,854 shares of the stock were exchanged, compared to its average volume of 4,140,000. H & R Block Inc has a 52 week low of $22.16 and a 52 week high of $31.80. The firm has a market capitalization of $5,570.00, a price-to-earnings ratio of 22.00, a PEG ratio of 0.92 and a beta of 0.40. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of -3.27.
H & R Block (NYSE:HRB) last posted its earnings results on Tuesday, March 6th. The company reported ($1.16) EPS for the quarter, topping the consensus estimate of ($1.29) by $0.13. The company had revenue of $488.00 million during the quarter, compared to the consensus estimate of $459.14 million. H & R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.49) earnings per share. research analysts anticipate that H & R Block Inc will post 2.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Tuesday, March 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Monday, March 12th. H & R Block’s payout ratio is 79.34%.
A number of analysts recently commented on the stock. BTIG Research restated a “sell” rating and issued a $21.00 price objective on shares of H & R Block in a research report on Sunday. ValuEngine downgraded shares of H & R Block from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Morgan Stanley restated an “equal weight” rating and set a $28.00 price objective (up from $27.00) on shares of H & R Block in a research note on Wednesday, March 7th. Northcoast Research upgraded shares of H & R Block from a “neutral” rating to a “buy” rating and cut their target price for the company from $25.02 to $24.69 in a research note on Monday, March 5th. Finally, Zacks Investment Research raised shares of H & R Block from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $27.67.
H & R Block 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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