First Trust Advisors LP grew its holdings in H&R Block, Inc. (NYSE:HRB) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 273,146 shares of the company’s stock after purchasing an additional 8,208 shares during the period. First Trust Advisors LP owned approximately 0.13% of H&R Block worth $7,233,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Pinebridge Investments L.P. bought a new stake in H&R Block during the 2nd quarter worth $114,000. Victory Capital Management Inc. grew its position in H&R Block by 7.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after acquiring an additional 296 shares during the last quarter. ARP Americas LLC bought a new stake in H&R Block during the 2nd quarter worth $210,000. Profund Advisors LLC bought a new stake in H&R Block during the 2nd quarter worth $215,000. Finally, Zweig DiMenna Associates LLC bought a new stake in H&R Block during the 2nd quarter worth $216,000. Institutional investors own 91.66% of the company’s stock.
Shares of H&R Block, Inc. (NYSE HRB) opened at $25.95 on Tuesday. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $31.80. The company has a market capitalization of $5,243.23, a PE ratio of 12.67, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54. The company has a debt-to-equity ratio of -6.97, a current ratio of 1.48 and a quick ratio of 1.48.
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). H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The firm had revenue of $138.00 million for the quarter, compared to analyst estimates of $129.33 million. During the same quarter in the previous year, the company posted ($0.56) EPS. The business’s revenue was up 10.4% on a year-over-year basis. equities research analysts expect that H&R Block, Inc. will post 1.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be given a $0.24 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.70%. H&R Block’s dividend payout ratio (DPR) is presently 49.48%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded H&R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BMO Capital Markets restated a “hold” rating and set a $27.00 price objective on shares of H&R Block in a research report on Friday, October 13th. ValuEngine upgraded H&R Block from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of H&R Block in a research report on Thursday, August 31st. Finally, Northcoast Research restated a “neutral” rating on shares of H&R Block in a research report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.67.
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.
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