H&R Block Inc. (HRB) Trading 1.9% Higher
Shares of H&R Block Inc. (NYSE:HRB) traded up 1.9% during trading on Friday . The company traded as high as $24.53 and last traded at $24.25, with a volume of 2,440,120 shares. The stock had previously closed at $23.80.
A number of analysts have recently commented on the company. Piper Jaffray Cos. reiterated an “outperform” rating on shares of H&R Block in a research report on Friday. Credit Suisse Group AG initiated coverage on H&R Block in a research report on Friday, June 17th. They issued a “hold” rating on the stock. Oppenheimer Holdings Inc. restated a “hold” rating on shares of H&R Block in a research report on Sunday, June 12th. BTIG Research restated a “hold” rating on shares of H&R Block in a research report on Sunday, June 12th. Finally, BMO Capital Markets restated a “hold” rating and issued a $24.00 price target on shares of H&R Block in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $32.90.
The company has a 50 day moving average of $22.65 and a 200 day moving average of $26.70. The stock has a market cap of $5.35 billion and a price-to-earnings ratio of 16.26.
H&R Block (NYSE:HRB) last issued its quarterly earnings results on Thursday, June 9th. The company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.15 by $0.01. The company had revenue of $2.30 billion for the quarter. The business’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.69 earnings per share. On average, equities research analysts expect that H&R Block Inc. will post $1.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Monday, June 20th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, June 16th. This is a boost from H&R Block’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 3.70%.
In related news, Director Paul J. Brown purchased 2,500 shares of H&R Block stock in a transaction dated Monday, June 13th. The shares were acquired at an average price of $23.97 per share, with a total value of $59,925.00. Following the completion of the transaction, the director now owns 5,700 shares of the company’s stock, valued at approximately $136,629. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert A. Gerard purchased 2,000 shares of H&R Block stock in a transaction dated Thursday, June 16th. The shares were bought at an average cost of $23.33 per share, for a total transaction of $46,660.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $116,650. The disclosure for this purchase can be found here.
Several institutional investors recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. boosted its position in shares of H&R Block by 132.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 232,097 shares of the company’s stock valued at $7,731,000 after buying an additional 132,421 shares during the last quarter. Alpha Omega Wealth Management LLC acquired a new position in shares of H&R Block during the fourth quarter worth about $2,279,000. New York State Common Retirement Fund boosted its position in shares of H&R Block by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 660,300 shares of the company’s stock worth $21,995,000 after buying an additional 7,000 shares in the last quarter. Finally, Affinity Investment Advisors LLC boosted its position in shares of H&R Block by 3.0% in the fourth quarter. Affinity Investment Advisors LLC now owns 213,119 shares of the company’s stock worth $7,099,000 after buying an additional 6,230 shares in the last quarter.
H&R Block, Inc (H&R Block) is a holding company. The Company, 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, and its territories, Canada and Australia.
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