Cambridge Investment Research Advisors Inc. purchased a new position in shares of H&R Block, Inc. (NYSE:HRB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,794 shares of the company’s stock, valued at approximately $303,000.

A number of other hedge funds have also recently modified their holdings of the business. Gateway Investment Advisers LLC lifted its stake in H&R Block by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 12,870 shares of the company’s stock worth $398,000 after purchasing an additional 35 shares during the last quarter. Private Bank & Trust Co. lifted its stake in H&R Block by 0.3% during the second quarter. Private Bank & Trust Co. now owns 16,720 shares of the company’s stock worth $517,000 after purchasing an additional 53 shares during the last quarter. Advantus Capital Management Inc lifted its stake in H&R Block by 0.3% during the first quarter. Advantus Capital Management Inc now owns 20,774 shares of the company’s stock worth $483,000 after purchasing an additional 61 shares during the last quarter. State Treasurer State of Michigan lifted its stake in H&R Block by 0.3% during the first quarter. State Treasurer State of Michigan now owns 67,998 shares of the company’s stock worth $1,581,000 after purchasing an additional 200 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in H&R Block by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the company’s stock worth $399,000 after purchasing an additional 200 shares during the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Kathryn M. Collins sold 2,931 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total value of $88,955.85. Following the completion of the transaction, the senior vice president now owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David B. Lewis sold 8,000 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $30.01, for a total transaction of $240,080.00. Following the completion of the transaction, the director now directly owns 82,083 shares of the company’s stock, valued at approximately $2,463,310.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,467,171 shares of company stock valued at $45,121,211. 0.63% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on HRB shares. BTIG Research reissued a “sell” rating and issued a $19.00 target price on shares of H&R Block in a research note on Tuesday, August 29th. Morgan Stanley boosted their target price on H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 14th. Credit Suisse Group reissued a “neutral” rating and issued a $29.00 target price (up previously from $27.00) on shares of H&R Block in a research note on Wednesday, June 14th. Zacks Investment Research lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Finally, BidaskClub lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $27.71.

Shares of H&R Block, Inc. (HRB) opened at 25.88 on Friday. The stock has a 50 day moving average price of $28.95 and a 200-day moving average price of $26.91. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 13.65 and a beta of 0.56. H&R Block, Inc. has a 1-year low of $19.85 and a 1-year high of $31.80.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.62). H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The firm had revenue of $138.00 million during the quarter, compared to the consensus estimate of $129.33 million. During the same quarter last year, the firm earned ($0.56) EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts forecast that H&R Block, Inc. will post $1.97 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Tuesday, September 12th. H&R Block’s payout ratio is 49.48%.

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H&R Block 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.

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

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