NorthCoast Asset Management LLC Has $1.76 Million Position in H & R Block Inc (HRB)

NorthCoast Asset Management LLC lessened its position in shares of H & R Block Inc (NYSE:HRB) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,040 shares of the company’s stock after selling 3,793 shares during the period. NorthCoast Asset Management LLC’s holdings in H & R Block were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HRB. Alps Advisors Inc. bought a new position in shares of H & R Block in the 4th quarter worth $497,000. SeaCrest Wealth Management LLC bought a new position in shares of H & R Block in the 4th quarter worth $142,000. US Bancorp DE increased its holdings in shares of H & R Block by 36.6% in the 4th quarter. US Bancorp DE now owns 34,506 shares of the company’s stock worth $905,000 after buying an additional 9,237 shares during the last quarter. Aperio Group LLC increased its holdings in shares of H & R Block by 6.3% in the 4th quarter. Aperio Group LLC now owns 91,382 shares of the company’s stock worth $2,396,000 after buying an additional 5,379 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of H & R Block by 2.9% in the 4th quarter. Comerica Bank now owns 69,476 shares of the company’s stock worth $1,887,000 after buying an additional 1,961 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

HRB has been the subject of a number of research reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $27.00 price objective on shares of H & R Block in a research note on Friday, October 13th. Zacks Investment Research raised shares of H & R Block from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Oppenheimer reaffirmed a “hold” rating on shares of H & R Block in a research note on Thursday, December 7th. Finally, ValuEngine raised shares of H & R Block from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $27.67.

Shares of H & R Block Inc (HRB) opened at $25.74 on Thursday. The firm has a market cap of $5,262.26, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.86 and a beta of 0.37. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of -3.62. H & R Block Inc has a 12-month low of $19.85 and a 12-month high of $31.80.

H & R Block (NYSE:HRB) last announced its quarterly earnings results on Wednesday, December 6th. The company reported ($0.71) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.01. The business had revenue of $140.85 million during the quarter, compared to analysts’ expectations of $131.24 million. H & R Block had a net margin of 12.90% and a negative return on equity of 110.06%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.67) EPS. equities research analysts expect that H & R Block Inc will post 2.66 earnings per share for the current fiscal year.

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

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