Tokio Marine Asset Management Co. Ltd. cut its position in shares of H&R Block Inc. (NYSE:HRB) by 5.0% during the third quarter, Holdings Channel reports. The institutional investor owned 10,035 shares of the company’s stock after selling 529 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in H&R Block were worth $232,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in HRB. Creative Planning increased its stake in H&R Block by 59.4% in the second quarter. Creative Planning now owns 4,579 shares of the company’s stock worth $105,000 after buying an additional 1,706 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in H&R Block by 7,490.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,541 shares of the company’s stock worth $127,000 after buying an additional 5,468 shares in the last quarter. MSI Financial Services Inc increased its stake in H&R Block by 122.4% in the third quarter. MSI Financial Services Inc now owns 7,438 shares of the company’s stock worth $172,000 after buying an additional 4,094 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in H&R Block during the second quarter worth about $208,000. Finally, Capital One National Association bought a new stake in H&R Block during the second quarter worth about $214,000. 94.06% of the stock is currently owned by institutional investors and hedge funds.
H&R Block Inc. (NYSE:HRB) traded up 1.27% during trading on Friday, hitting $23.98. The stock had a trading volume of 956,391 shares. The firm has a 50 day moving average price of $22.87 and a 200-day moving average price of $22.78. The firm has a market capitalization of $5.25 billion, a PE ratio of 16.22 and a beta of 0.58. H&R Block Inc. has a 1-year low of $19.18 and a 1-year high of $37.35.
H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, August 30th. The company reported ($0.55) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by $0.02. H&R Block had a net margin of 11.58% and a negative return on equity of 202.63%. The business earned $125 million during the quarter. During the same quarter last year, the firm posted ($0.35) earnings per share. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, equities research analysts expect that H&R Block Inc. will post $1.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 5th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.88 annualized dividend and a yield of 3.67%. H&R Block’s payout ratio is 52.69%.
A number of equities analysts have weighed in on the company. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of H&R Block in a research report on Thursday, September 1st. Morgan Stanley reissued a “buy” rating and set a $26.00 price target on shares of H&R Block in a research report on Wednesday, August 31st. Zacks Investment Research raised H&R Block from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. BTIG Research reissued a “neutral” rating on shares of H&R Block in a research report on Wednesday, August 31st. Finally, BMO Capital Markets boosted their price target on H&R Block from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.99.
In other H&R Block news, SVP Gregory J. Macfarlane purchased 4,618 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average price of $21.65 per share, with a total value of $99,979.70. Following the transaction, the senior vice president now owns 121,707 shares in the company, valued at $2,634,956.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.
H&R Block Company 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.