11,829 Shares in H&R Block, Inc. (HRB) Acquired by CIBC World Markets Inc.
CIBC World Markets Inc. purchased a new stake in 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. The institutional investor purchased 11,829 shares of the company’s stock, valued at approximately $366,000.
Other institutional investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in H&R Block in the 1st quarter valued at approximately $122,000. Victory Capital Management Inc. raised its holdings in H&R Block by 7.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock valued at $126,000 after acquiring an additional 296 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in H&R Block in the 1st quarter valued at approximately $136,000. Invictus RG acquired a new position in H&R Block in the 1st quarter valued at approximately $199,000. Finally, Trexquant Investment LP acquired a new position in H&R Block in the 1st quarter valued at approximately $208,000. 90.26% of the stock is owned by hedge funds and other institutional investors.
HRB has been the subject of a number of recent research reports. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of H&R Block in a report on Thursday, August 31st. Zacks Investment Research cut H&R Block from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BTIG Research reissued a “sell” rating and issued a $19.00 target price on shares of H&R Block in a report on Tuesday, August 29th. Northcoast Research reissued a “neutral” rating on shares of H&R Block in a report on Wednesday, August 30th. Finally, BidaskClub cut H&R Block from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.71.
In other H&R Block news, SVP Kathryn M. Collins sold 2,931 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total transaction of $88,955.85. Following the completion of the transaction, the senior vice president now directly owns 17,372 shares in the company, valued at $527,240.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James F. Wright sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $30.67, for a total transaction of $306,700.00. Following the transaction, the director now owns 40,676 shares of the company’s stock, valued at $1,247,532.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 702,171 shares of company stock valued at $21,868,611. Company insiders own 0.63% of the company’s stock.
H&R Block, Inc. (NYSE HRB) opened at 26.21 on Friday. The stock has a 50 day moving average price of $28.70 and a 200-day moving average price of $27.07. H&R Block, Inc. has a one year low of $19.85 and a one year high of $31.80. The firm has a market capitalization of $5.48 billion, a PE ratio of 13.82 and a beta of 0.56.
H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, meeting the 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 business had revenue of $138.00 million during the quarter, compared to the consensus estimate of $129.33 million. During the same period in the previous year, the business earned ($0.56) earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts forecast that H&R Block, Inc. will post $1.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.96 annualized dividend and a yield of 3.66%. H&R Block’s dividend payout ratio is currently 49.48%.
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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