Laurion Capital Management LP Raises Stake in H&R Block, Inc. (HRB)

Laurion Capital Management LP lifted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 152.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 299,347 shares of the company’s stock after acquiring an additional 180,947 shares during the quarter. Laurion Capital Management LP owned approximately 0.14% of H&R Block worth $9,253,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of H&R Block by 3,441.6% during the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock worth $762,078,000 after acquiring an additional 31,852,089 shares during the period. Vanguard Group Inc. increased its position in shares of H&R Block by 1.7% during the first quarter. Vanguard Group Inc. now owns 20,813,812 shares of the company’s stock worth $483,921,000 after acquiring an additional 348,330 shares during the period. State Street Corp increased its position in shares of H&R Block by 6.3% during the first quarter. State Street Corp now owns 10,668,894 shares of the company’s stock worth $248,052,000 after acquiring an additional 636,772 shares during the period. First Eagle Investment Management LLC increased its position in shares of H&R Block by 3.4% during the second quarter. First Eagle Investment Management LLC now owns 6,144,521 shares of the company’s stock worth $189,927,000 after acquiring an additional 203,186 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of H&R Block by 247.1% during the second quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock worth $94,759,000 after acquiring an additional 2,182,306 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Kathryn M. Collins sold 2,931 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider William C. Cobb sold 387,740 shares of the stock in a transaction on Wednesday, June 28th. The shares were 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 directly owns 658,463 shares in the company, valued at $20,537,460.97. The disclosure for this sale can be found here. Insiders sold a total of 1,467,171 shares of company stock worth $45,121,211 over the last ninety days. Insiders own 0.63% of the company’s stock.

Shares of H&R Block, Inc. (NYSE HRB) traded down 2.12% during trading on Friday, reaching $25.88. 3,107,326 shares of the company traded hands. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 13.65 and a beta of 0.56. The firm’s 50 day moving average price is $28.95 and its 200-day moving average price is $26.91. H&R Block, Inc. has a 52 week low of $19.85 and a 52 week high of $31.80.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.62). The firm had revenue of $138.00 million for the quarter, compared to the consensus estimate of $129.33 million. H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted ($0.56) EPS. Equities analysts anticipate that H&R Block, Inc. will post $1.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 13th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Tuesday, September 12th. H&R Block’s dividend payout ratio (DPR) is 49.48%.

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HRB has been the topic of several research reports. BTIG Research reissued a “sell” rating and set a $19.00 price objective on shares of H&R Block in a report on Tuesday, August 29th. Morgan Stanley lifted their price objective on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, June 14th. Credit Suisse Group reissued a “neutral” rating and set a $29.00 price objective (up from $27.00) on shares of H&R Block in a report on Wednesday, June 14th. Zacks Investment Research lowered shares of H&R Block from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Finally, BidaskClub lowered shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.71.

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.

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

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