H&R Block, Inc. (NYSE:HRB) Shares Bought by Swiss National Bank

Swiss National Bank lifted its stake in shares of H&R Block, Inc. (NYSE:HRBFree Report) by 1.0% during the third quarter, Holdings Channel.com reports. The firm owned 334,800 shares of the company’s stock after acquiring an additional 3,300 shares during the period. Swiss National Bank’s holdings in H&R Block were worth $14,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Belpointe Asset Management LLC lifted its position in shares of H&R Block by 68.3% in the first quarter. Belpointe Asset Management LLC now owns 998 shares of the company’s stock worth $35,000 after purchasing an additional 405 shares in the last quarter. Quarry LP grew its stake in shares of H&R Block by 109.4% in the second quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $41,000 after acquiring an additional 674 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in shares of H&R Block by 129.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,077 shares of the company’s stock worth $46,000 after acquiring an additional 608 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of H&R Block in the third quarter worth $50,000. Finally, CWM LLC grew its stake in shares of H&R Block by 84.2% in the second quarter. CWM LLC now owns 1,984 shares of the company’s stock worth $63,000 after acquiring an additional 907 shares during the last quarter. 90.89% of the stock is currently owned by institutional investors.

H&R Block Trading Up 2.7 %

NYSE HRB opened at $46.93 on Monday. The company has a market cap of $6.55 billion, a PE ratio of 12.93, a PEG ratio of 0.89 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 0.80 and a debt-to-equity ratio of 46.44. H&R Block, Inc. has a 12 month low of $28.83 and a 12 month high of $49.14. The stock has a 50 day moving average of $46.95 and a 200-day moving average of $43.10.

H&R Block (NYSE:HRBGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.58) by $0.31. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The business had revenue of $179.10 million during the quarter, compared to the consensus estimate of $169.45 million. During the same quarter last year, the firm posted ($1.37) EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts anticipate that H&R Block, Inc. will post 4.22 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.73%. The ex-dividend date is Monday, March 4th. H&R Block’s dividend payout ratio is 35.26%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barrington Research boosted their price target on shares of H&R Block from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Finally, The Goldman Sachs Group increased their target price on H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a research note on Wednesday, February 7th.

View Our Latest Analysis on HRB

Insider Buying and Selling at H&R Block

In other H&R Block news, CFO Tony G. Bowen sold 46,892 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $47.10, for a total transaction of $2,208,613.20. Following the completion of the sale, the chief financial officer now owns 125,591 shares of the company’s stock, valued at approximately $5,915,336.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

H&R Block Profile

(Free Report)

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. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.

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

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