H&R Block Inc. (HRB) Shares Bought by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. raised its position in H&R Block Inc. (NYSE:HRB) by 27.1% during the second quarter, Holdings Channel reports. The institutional investor owned 460,642 shares of the company’s stock after buying an additional 98,355 shares during the period. Tocqueville Asset Management L.P.’s holdings in H&R Block were worth $10,595,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Eqis Capital Management Inc. boosted its stake in shares of H&R Block by 12.6% in the second quarter. Eqis Capital Management Inc. now owns 13,012 shares of the company’s stock worth $299,000 after buying an additional 1,453 shares in the last quarter. Guinness Asset Management Ltd boosted its stake in shares of H&R Block by 66.4% in the second quarter. Guinness Asset Management Ltd now owns 324,038 shares of the company’s stock worth $7,453,000 after buying an additional 129,360 shares in the last quarter. Lucus Advisors LLC acquired a new stake in shares of H&R Block during the second quarter worth about $346,000. Capital One National Association acquired a new stake in shares of H&R Block during the second quarter worth about $214,000. Finally, Teachers Advisors Inc. boosted its stake in shares of H&R Block by 42.5% in the first quarter. Teachers Advisors Inc. now owns 454,335 shares of the company’s stock worth $12,004,000 after buying an additional 135,518 shares in the last quarter. Hedge funds and other institutional investors own 93.08% of the company’s stock.
H&R Block Inc. (NYSE:HRB) traded up 0.48% on Monday, reaching $23.18. 841,170 shares of the company traded hands. The firm has a market cap of $5.08 billion, a P/E ratio of 15.68 and a beta of 0.70. The stock has a 50-day moving average price of $22.66 and a 200-day moving average price of $22.90. H&R Block Inc. has a 52-week low of $19.18 and a 52-week high of $37.53.
H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 30th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.02. H&R Block had a net margin of 11.58% and a negative return on equity of 202.63%. The firm earned $125 million during the quarter. During the same period in the previous year, the business posted ($0.35) earnings per share. H&R Block’s revenue for the quarter was down 9.4% on a year-over-year basis. Analysts anticipate that H&R Block Inc. will post $1.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Wednesday, September 14th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Monday, September 12th. H&R Block’s dividend payout ratio (DPR) is presently 52.69%.
A number of equities research analysts have issued reports on HRB shares. Zacks Investment Research upgraded shares of H&R Block from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. BMO Capital Markets upped their price target on shares of H&R Block from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, August 31st. Macquarie started coverage on shares of H&R Block in a report on Thursday, August 25th. They set an “outperform” rating and a $28.00 price target for the company. Morgan Stanley restated a “buy” rating and set a $26.00 price target on shares of H&R Block in a report on Wednesday, August 31st. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $28.00 price target (down from $29.00) on shares of H&R Block in a report on Wednesday, August 31st. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.12.
In other news, SVP Gregory J. Macfarlane acquired 4,618 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was bought at an average price of $21.65 per share, with a total value of $99,979.70. Following the transaction, the senior vice president now directly owns 121,707 shares in the company, valued at approximately $2,634,956.55. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding HRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&R Block Inc. (NYSE:HRB).
Receive News & Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related companies with MarketBeat.com's FREE daily email newsletter.