IFP Advisors Inc reduced its position in shares of H&R Block, Inc. (NYSE:HRB) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,344 shares of the company’s stock after selling 1,270 shares during the period. IFP Advisors Inc’s holdings in H&R Block were worth $536,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of H&R Block by 58.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,567 shares of the company’s stock worth $106,000 after buying an additional 1,682 shares in the last quarter. TrimTabs Asset Management LLC boosted its position in shares of H&R Block by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 4,640 shares of the company’s stock worth $108,000 after buying an additional 2,184 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of H&R Block during the first quarter worth $122,000. Salem Investment Counselors Inc. purchased a new position in shares of H&R Block during the first quarter worth $136,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of H&R Block by 24.1% in the first quarter. Daiwa Securities Group Inc. now owns 6,700 shares of the company’s stock worth $156,000 after buying an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 92.81% of the company’s stock.

Shares of H&R Block, Inc. (NYSE:HRB) opened at 30.70 on Friday. The stock has a market cap of $6.36 billion, a PE ratio of 16.12 and a beta of 0.54. The company’s 50-day moving average price is $30.69 and its 200-day moving average price is $25.70. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $31.70.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.23. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.16 EPS. Analysts expect that H&R Block, Inc. will post $1.99 earnings per share for the current year.

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A number of analysts recently commented on the company. BTIG Research lifted their price objective on H&R Block from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, May 24th. Barrington Research lifted their price objective on H&R Block from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, June 19th. BidaskClub cut H&R Block from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, BMO Capital Markets lifted their price objective on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.67.

In related news, Director David B. Lewis sold 8,000 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $30.01, for a total transaction of $240,080.00. Following the completion of the sale, the director now owns 82,083 shares in the company, valued at approximately $2,463,310.83. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William C. Cobb sold 750,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $30.40, for a total value of $22,800,000.00. Following the sale, the insider now owns 1,301,458 shares of the company’s stock, valued at approximately $39,564,323.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,473,471 shares of company stock valued at $45,309,203. 0.63% of the stock is currently owned by corporate 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.

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

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