Jensen Investment Management Inc. lowered its position in H&R Block, Inc. (NYSE:HRB) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 19,500 shares of the company’s stock after selling 730 shares during the period. Jensen Investment Management Inc.’s holdings in H&R Block were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HRB. FMR LLC boosted its stake in H&R Block by 34.0% in the second quarter. FMR LLC now owns 17,027,724 shares of the company’s stock worth $391,638,000 after buying an additional 4,315,751 shares during the period. Artisan Partners Limited Partnership raised its position in H&R Block by 21.4% in the second quarter. Artisan Partners Limited Partnership now owns 4,349,421 shares of the company’s stock worth $100,037,000 after buying an additional 766,466 shares in the last quarter. BlackRock Advisors LLC raised its position in H&R Block by 1.8% in the second quarter. BlackRock Advisors LLC now owns 3,551,647 shares of the company’s stock worth $81,688,000 after buying an additional 61,276 shares in the last quarter. BlackRock Investment Management LLC raised its position in H&R Block by 6.6% in the second quarter. BlackRock Investment Management LLC now owns 2,391,426 shares of the company’s stock worth $55,003,000 after buying an additional 149,056 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in H&R Block by 22.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,377,825 shares of the company’s stock worth $54,689,000 after buying an additional 437,875 shares in the last quarter. Institutional investors and hedge funds own 97.60% of the company’s stock.

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

H&R Block, Inc. (NYSE:HRB) traded up 0.17% during midday trading on Friday, hitting $23.79. 883,596 shares of the stock were exchanged. The firm’s 50-day moving average is $23.10 and its 200 day moving average is $23.16. H&R Block, Inc. has a 52 week low of $19.18 and a 52 week high of $35.14. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 15.28 and a beta of 0.56.

H&R Block (NYSE:HRB) last issued its earnings results on Wednesday, December 7th. The company reported ($0.67) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.01. The business had revenue of $131.30 million for the quarter, compared to analyst estimates of $126.93 million. H&R Block had a net margin of 11.52% and a negative return on equity of 115.26%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.51) EPS. Equities research analysts expect that H&R Block, Inc. will post $1.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Monday, December 5th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $0.88 annualized dividend and a yield of 3.70%. H&R Block’s dividend payout ratio (DPR) is 57.14%.

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A number of equities analysts recently issued reports on the company. Credit Suisse Group reissued a “hold” rating and set a $24.00 price target on shares of H&R Block in a report on Monday, December 19th. BTIG Research reissued a “sell” rating and set a $18.00 price target on shares of H&R Block in a report on Sunday, December 11th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of H&R Block in a report on Friday, December 9th. Wedbush reissued a “neutral” rating and set a $25.00 price target on shares of H&R Block in a report on Friday, December 9th. Finally, Zacks Investment Research raised H&R Block from a “sell” rating to a “hold” rating in a report on Friday, December 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.63.

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.

5 Day Chart for NYSE:HRB

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