Gabelli Funds LLC decreased its position in H & R Block Inc (NYSE:HRB) by 0.9% during the 3rd quarter, Holdings Channel reports. The firm owned 674,800 shares of the company’s stock after selling 6,000 shares during the period. Gabelli Funds LLC’s holdings in H & R Block were worth $17,376,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in H & R Block by 20.5% during the 2nd quarter. BlackRock Inc. now owns 25,588,346 shares of the company’s stock valued at $582,902,000 after acquiring an additional 4,356,920 shares during the period. Jupiter Asset Management Ltd. raised its holdings in H & R Block by 9.0% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 4,338,300 shares of the company’s stock valued at $98,826,000 after acquiring an additional 359,700 shares during the period. Northern Trust Corp raised its holdings in H & R Block by 5.3% during the 2nd quarter. Northern Trust Corp now owns 3,284,789 shares of the company’s stock valued at $74,828,000 after acquiring an additional 166,316 shares during the period. Millennium Management LLC raised its holdings in H & R Block by 2,092.5% during the 2nd quarter. Millennium Management LLC now owns 3,162,665 shares of the company’s stock valued at $72,046,000 after acquiring an additional 3,018,414 shares during the period. Finally, American Century Companies Inc. raised its holdings in H & R Block by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 2,759,036 shares of the company’s stock valued at $62,851,000 after acquiring an additional 366,183 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.
HRB has been the topic of several research analyst reports. ValuEngine raised shares of H & R Block from a “strong sell” rating to a “sell” rating in a report on Thursday, August 30th. Morgan Stanley decreased their price target 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. Barrington Research reaffirmed a “buy” rating and issued a $27.00 price target on shares of H & R Block in a report on Thursday, August 23rd. Finally, Zacks Investment Research cut shares of H & R Block from a “buy” rating to a “hold” rating in a report on Monday, October 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. H & R Block presently has a consensus rating of “Hold” and an average price target of $25.67.
H & R Block (NYSE:HRB) last released its earnings results on Tuesday, August 28th. The company reported ($0.72) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.77) by $0.05. The business had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $137.57 million. H & R Block had a negative return on equity of 461.55% and a net margin of 18.66%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.62) earnings per share. As a group, sell-side analysts anticipate that H & R Block Inc will post 1.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be paid a $0.25 dividend. The ex-dividend date is Friday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 3.53%. H & R Block’s dividend payout ratio is presently 33.56%.
In related news, insider Thomas A. Gerke sold 70,000 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $26.54, for a total value of $1,857,800.00. Following the transaction, the insider now owns 68,073 shares of the company’s stock, valued at $1,806,657.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.
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H & R Block Company Profile
H&R Block, Inc engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia.
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