H & R Block Inc (NYSE:HRB) Holdings Decreased by AMP Capital Investors Ltd

AMP Capital Investors Ltd decreased its stake in H & R Block Inc (NYSE:HRB) by 10.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 369,375 shares of the company’s stock after selling 41,681 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.18% of H & R Block worth $10,717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HRB. Public Employees Retirement System of Ohio raised its stake in shares of H & R Block by 0.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 85,035 shares of the company’s stock valued at $2,492,000 after acquiring an additional 403 shares during the period. CENTRAL TRUST Co raised its stake in shares of H & R Block by 83.0% in the 2nd quarter. CENTRAL TRUST Co now owns 915 shares of the company’s stock valued at $26,000 after acquiring an additional 415 shares during the period. CSat Investment Advisory L.P. raised its stake in shares of H & R Block by 36.3% in the 1st quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock valued at $54,000 after acquiring an additional 600 shares during the period. ETF Managers Group LLC raised its stake in shares of H & R Block by 12.0% in the 1st quarter. ETF Managers Group LLC now owns 5,748 shares of the company’s stock valued at $138,000 after acquiring an additional 617 shares during the period. Finally, Comerica Bank raised its stake in shares of H & R Block by 1.4% in the 2nd quarter. Comerica Bank now owns 45,742 shares of the company’s stock valued at $1,289,000 after acquiring an additional 634 shares during the period.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of H & R Block from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. TheStreet cut shares of H & R Block from a “b” rating to a “c+” rating in a report on Wednesday, August 28th. Barrington Research dropped their price objective on shares of H & R Block from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Northcoast Research cut shares of H & R Block from a “buy” rating to a “neutral” rating in a report on Tuesday, July 9th. Finally, ValuEngine upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $27.00.

NYSE HRB remained flat at $$23.63 on Friday. 1,911,368 shares of the company’s stock traded hands, compared to its average volume of 2,793,820. The firm has a market cap of $4.67 billion, a P/E ratio of 10.99, a PEG ratio of 1.17 and a beta of 0.24. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 6.14. H & R Block Inc has a 12 month low of $22.96 and a 12 month high of $29.62. The firm has a fifty day simple moving average of $24.27 and a 200-day simple moving average of $26.41.

H & R Block (NYSE:HRB) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.72) earnings per share for the quarter, topping the consensus estimate of ($0.75) by $0.03. The business had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.35 million. H & R Block had a net margin of 13.71% and a return on equity of 305.29%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.72) EPS. Analysts forecast that H & R Block Inc will post 1.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.04 annualized dividend and a yield of 4.40%. H & R Block’s dividend payout ratio (DPR) is 48.37%.

H & R Block Profile

H&R Block, Inc, through its subsidiaries, 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, 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 by franchisees.

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

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