Aberdeen Asset Management PLC UK Has $6.36 Million Stake in H&R Block, Inc. (HRB)

Aberdeen Asset Management PLC UK lifted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 409.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,698 shares of the company’s stock after acquiring an additional 165,287 shares during the quarter. Aberdeen Asset Management PLC UK owned approximately 0.10% of H&R Block worth $6,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of H&R Block by 149.9% during the second quarter. Wells Fargo & Company MN now owns 433,124 shares of the company’s stock worth $13,388,000 after acquiring an additional 259,785 shares during the last quarter. Franklin Resources Inc. raised its position in shares of H&R Block by 885.7% during the second quarter. Franklin Resources Inc. now owns 87,597 shares of the company’s stock worth $2,708,000 after acquiring an additional 78,710 shares during the last quarter. CIBC World Markets Inc. bought a new position in shares of H&R Block during the second quarter worth about $366,000. Commonwealth Bank of Australia raised its position in shares of H&R Block by 39.6% during the second quarter. Commonwealth Bank of Australia now owns 32,811 shares of the company’s stock worth $1,014,000 after acquiring an additional 9,300 shares during the last quarter. Finally, Tredje AP fonden raised its position in shares of H&R Block by 148.2% during the second quarter. Tredje AP fonden now owns 50,660 shares of the company’s stock worth $1,578,000 after acquiring an additional 30,250 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.

Shares of H&R Block, Inc. (HRB) opened at 26.41 on Friday. H&R Block, Inc. has a 1-year low of $19.85 and a 1-year high of $31.80. The firm has a market cap of $5.52 billion, a PE ratio of 13.93 and a beta of 0.56. The company’s 50-day moving average price is $29.08 and its 200 day moving average price is $26.87.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, meeting analysts’ consensus estimates of ($0.62). The business had revenue of $138.00 million during the quarter, compared to analyst estimates of $129.33 million. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. H&R Block’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.56) EPS. On average, analysts predict that H&R Block, Inc. will post $1.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Tuesday, September 12th. H&R Block’s payout ratio is 49.48%.

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In other H&R Block news, insider William C. Cobb sold 387,740 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $31.19, for a total transaction of $12,093,610.60. Following the completion of the transaction, the insider now owns 658,463 shares of the company’s stock, valued at approximately $20,537,460.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kathryn M. Collins sold 2,931 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total value of $88,955.85. Following the transaction, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,467,171 shares of company stock valued at $45,121,211 in the last ninety days. 0.63% of the stock is currently owned by corporate insiders.

HRB has been the subject of a number of analyst reports. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of H&R Block in a research report on Thursday, August 31st. Zacks Investment Research upgraded H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, May 24th. BTIG Research restated a “sell” rating and set a $19.00 price objective on shares of H&R Block in a research report on Tuesday, August 29th. Northcoast Research restated a “neutral” rating on shares of H&R Block in a research report on Wednesday, August 30th. Finally, BidaskClub downgraded H&R Block from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $27.71.

About H&R Block

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

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