Comerica Bank Sells 704 Shares of H&R Block, Inc. (HRB)

Comerica Bank trimmed its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,502 shares of the company’s stock after selling 704 shares during the period. Comerica Bank’s holdings in H&R Block were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in H&R Block by 58.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,567 shares of the company’s stock worth $106,000 after acquiring an additional 1,682 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in H&R Block during the 1st quarter worth about $122,000. Salem Investment Counselors Inc. bought a new position in H&R Block during the 1st quarter worth about $136,000. Daiwa Securities Group Inc. grew its holdings in H&R Block by 24.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 6,700 shares of the company’s stock worth $156,000 after acquiring an additional 1,300 shares in the last quarter. Finally, ARP Americas LLC bought a new position in H&R Block during the 2nd quarter worth about $210,000. Institutional investors own 90.28% of the company’s stock.

Several research analysts have issued reports on the stock. Northcoast Research reiterated a “neutral” rating on shares of H&R Block in a report on Wednesday, August 30th. Credit Suisse Group reiterated a “neutral” rating and set a $30.00 target price (up from $29.00) on shares of H&R Block in a report on Wednesday, August 30th. BTIG Research increased their target price on shares of H&R Block from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of H&R Block from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, May 24th. Finally, BidaskClub upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. H&R Block has a consensus rating of “Hold” and a consensus target price of $27.71.

TRADEMARK VIOLATION NOTICE: “Comerica Bank Sells 704 Shares of H&R Block, Inc. (HRB)” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://sportsperspectives.com/2017/09/11/comerica-bank-sells-704-shares-of-hr-block-inc-hrb.html.

In other news, Director David B. Lewis sold 8,000 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $30.01, for a total transaction of $240,080.00. Following the completion of the transaction, the director now directly owns 82,083 shares of the company’s stock, valued at $2,463,310.83. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kathryn M. Collins sold 2,931 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $30.35, for a total value of $88,955.85. Following the transaction, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at $527,240.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,473,471 shares of company stock valued at $45,309,203. Corporate insiders own 0.63% of the company’s stock.

Shares of H&R Block, Inc. (NYSE HRB) opened at 26.08 on Monday. The firm’s 50 day moving average is $29.50 and its 200 day moving average is $26.69. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 13.76 and a beta of 0.56. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $31.80.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, meeting the consensus estimate of ($0.62). The company had revenue of $138 million during the quarter, compared to the consensus estimate of $129.33 million. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. H&R Block’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.56) EPS. Equities analysts expect that H&R Block, Inc. will post $1.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Tuesday, September 12th. H&R Block’s dividend payout ratio is presently 49.48%.

About H&R Block

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.

Want to see what other hedge funds are holding HRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&R Block, Inc. (NYSE:HRB).

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

Receive News & Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply