The Everence Capital Management Inc. Acquires Shares of 12,554 H&R Block Inc. (HRB)

The Everence Capital Management Inc. Acquires Shares of 12,554 H&R Block Inc. (HRB)

Everence Capital Management Inc. acquired a new stake in shares of H&R Block Inc. (NYSE:HRB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,554 shares of the company’s stock, valued at approximately $289,000.

Several other hedge funds have also added to or reduced their stakes in the stock. 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 valued at $105,000 after buying an additional 1,706 shares during the period. Capital One National Association acquired a new stake in H&R Block during the second quarter valued at approximately $214,000. UMB Bank N A MO acquired a new stake in H&R Block during the second quarter valued at approximately $236,000. Eqis Capital Management Inc. increased its stake in H&R Block by 12.6% in the second quarter. Eqis Capital Management Inc. now owns 13,012 shares of the company’s stock valued at $299,000 after buying an additional 1,453 shares during the period. Finally, Park National Corp OH increased its stake in H&R Block by 12.3% in the second quarter. Park National Corp OH now owns 13,192 shares of the company’s stock valued at $303,000 after buying an additional 1,442 shares during the period. 93.08% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Inc. (NYSE:HRB) traded up 0.18% during trading on Friday, reaching $22.73. 2,256,222 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 15.38 and a beta of 0.70. The stock has a 50-day moving average price of $22.79 and a 200 day moving average price of $22.72. H&R Block Inc. has a 52 week low of $19.18 and a 52 week high of $37.53.

H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, August 30th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.02. The business earned $125 million during the quarter. H&R Block had a net margin of 11.58% and a negative return on equity of 202.63%. H&R Block’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.35) earnings per share. Equities research analysts forecast that H&R Block Inc. will post $1.74 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Wednesday, September 14th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.87%. H&R Block’s payout ratio is 52.69%.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of H&R Block from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Morgan Stanley reaffirmed a “buy” rating and issued a $26.00 price objective on shares of H&R Block in a report on Wednesday, August 31st. BMO Capital Markets upped their price objective on shares of H&R Block from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, August 31st. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of H&R Block in a report on Thursday, September 1st. Finally, BTIG Research reissued a “neutral” rating on shares of H&R Block in a report on Wednesday, August 31st. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.12.

In other H&R Block news, SVP Gregory J. Macfarlane bought 4,618 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were acquired at an average cost of $21.65 per share, with a total value of $99,979.70. Following the acquisition, the senior vice president now directly owns 121,707 shares of the company’s stock, valued at approximately $2,634,956.55. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by 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.

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