Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its stake in H & R Block Inc (NYSE:HRB) by 41.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,400 shares of the company’s stock after selling 31,700 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in H & R Block were worth $1,034,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Neuberger Berman Group LLC grew its position in H & R Block by 27.9% during the first quarter. Neuberger Berman Group LLC now owns 20,478 shares of the company’s stock valued at $545,000 after acquiring an additional 4,469 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of H & R Block by 25.1% in the first quarter. Toronto Dominion Bank now owns 112,692 shares of the company’s stock worth $2,863,000 after purchasing an additional 22,640 shares during the last quarter. Todd Asset Management LLC bought a new position in shares of H & R Block in the first quarter worth approximately $14,882,000. New York State Common Retirement Fund grew its holdings in shares of H & R Block by 0.9% in the first quarter. New York State Common Retirement Fund now owns 481,100 shares of the company’s stock worth $12,225,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of H & R Block in the first quarter worth approximately $1,155,000. Institutional investors own 95.66% of the company’s stock.
HRB stock traded down $0.28 on Friday, reaching $25.69. The company’s stock had a trading volume of 2,468,427 shares, compared to its average volume of 3,128,368. H & R Block Inc has a 12-month low of $22.45 and a 12-month high of $29.81. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.33 and a beta of 0.18. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 7.79.
H & R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 28th. The company reported ($0.72) EPS for the quarter, beating the consensus estimate of ($0.77) by $0.05. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $137.57 million. H & R Block had a negative return on equity of 461.55% and a net margin of 18.66%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.62) earnings per share. Equities research analysts anticipate that H & R Block Inc will post 1.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Wednesday, September 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.89%. The ex-dividend date was Tuesday, September 11th. H & R Block’s dividend payout ratio is currently 33.56%.
HRB has been the topic of several recent analyst reports. Morgan Stanley cut their target price on shares of H & R Block from $27.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, August 29th. Zacks Investment Research cut shares of H & R Block from a “buy” rating to a “hold” rating in a report on Friday, August 31st. BTIG Research restated a “sell” rating and issued a $19.00 target price on shares of H & R Block in a report on Thursday, June 21st. Barrington Research restated a “buy” rating and issued a $27.00 target price on shares of H & R Block in a report on Thursday, August 23rd. Finally, ValuEngine raised H & R Block from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.67.
In other H & R Block news, insider Thomas A. Gerke sold 70,000 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was 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 owns 68,073 shares of the company’s stock, valued at $1,806,657.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.
H & R Block Company 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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