Raymond James & Associates increased its holdings in H&R Block, Inc. (NYSE:HRB – Get Rating) by 7.7% during the third quarter, Holdings Channel reports. The firm owned 84,599 shares of the company’s stock after purchasing an additional 6,046 shares during the period. Raymond James & Associates’ holdings in H&R Block were worth $3,599,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of HRB. FMR LLC lifted its position in shares of H&R Block by 58.0% in the 2nd quarter. FMR LLC now owns 12,781,335 shares of the company’s stock valued at $451,436,000 after acquiring an additional 4,690,930 shares in the last quarter. State Street Corp boosted its stake in shares of H&R Block by 13.9% during the 1st quarter. State Street Corp now owns 7,889,986 shares of the company’s stock worth $207,444,000 after acquiring an additional 961,159 shares in the last quarter. Lazard Asset Management LLC grew its holdings in H&R Block by 0.7% during the first quarter. Lazard Asset Management LLC now owns 5,944,998 shares of the company’s stock valued at $154,807,000 after purchasing an additional 40,977 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in H&R Block by 186.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,969,445 shares of the company’s stock valued at $77,325,000 after buying an additional 1,933,031 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of H&R Block by 16.9% in the second quarter. Northern Trust Corp now owns 2,301,459 shares of the company’s stock worth $81,287,000 after purchasing an additional 331,972 shares during the period. Institutional investors own 90.05% of the company’s stock.
Analysts Set New Price Targets
HRB has been the subject of several research reports. TheStreet cut shares of H&R Block from a “b” rating to a “d+” rating in a research note on Tuesday, November 1st. The Goldman Sachs Group upped their target price on shares of H&R Block from $22.60 to $25.00 and gave the stock a “sell” rating in a report on Thursday, November 3rd. Finally, StockNews.com initiated coverage on H&R Block in a report on Wednesday, October 12th. They set a “hold” rating for the company.
H&R Block Stock Performance
H&R Block (NYSE:HRB – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported ($0.99) EPS for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.05. The business had revenue of $179.99 million for the quarter, compared to analyst estimates of $200.14 million. H&R Block had a net margin of 15.56% and a negative return on equity of 613.29%. During the same quarter in the previous year, the firm posted ($0.78) earnings per share. As a group, research analysts forecast that H&R Block, Inc. will post 3.8 earnings per share for the current year.
H&R Block Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Tuesday, December 6th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Monday, December 5th. H&R Block’s payout ratio is presently 35.69%.
Insider Buying and Selling at H&R Block
In other H&R Block news, CEO Jeffrey J. Jones II sold 18,009 shares of the business’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $42.11, for a total value of $758,358.99. Following the completion of the sale, the chief executive officer now owns 657,977 shares of the company’s stock, valued at approximately $27,707,411.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.
H&R Block Profile
H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.
- Get a free copy of the StockNews.com research report on H&R Block (HRB)
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