H&R Block, Inc. (HRB) Shares Sold by Jensen Investment Management Inc.
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.
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%.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was illegally copied and reposted in violation of international copyright legislation. The legal version of this piece can be read at http://www.dailypolitical.com/2017/01/13/hr-block-inc-hrb-shares-sold-by-jensen-investment-management-inc.html.
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.
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.