Canada Pension Plan Investment Board increased its stake in shares of H&R Block, Inc. (NYSE:HRB) by 417.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 346,029 shares of the company’s stock after purchasing an additional 279,199 shares during the quarter. Canada Pension Plan Investment Board owned 0.17% of H&R Block worth $9,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of H&R Block by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,344,192 shares of the company’s stock valued at $659,749,000 after purchasing an additional 530,380 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of H&R Block by 3.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,144,521 shares of the company’s stock valued at $189,927,000 after purchasing an additional 203,186 shares during the last quarter. APG Asset Management N.V. increased its position in shares of H&R Block by 70.5% during the 3rd quarter. APG Asset Management N.V. now owns 4,066,049 shares of the company’s stock valued at $107,669,000 after purchasing an additional 1,681,474 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of H&R Block by 247.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock valued at $94,759,000 after purchasing an additional 2,182,306 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of H&R Block by 208.9% during the 2nd quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock valued at $82,277,000 after purchasing an additional 1,801,791 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on HRB shares. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of H&R Block in a research report on Thursday, August 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $27.00 price objective on shares of H&R Block in a research report on Friday, October 13th. Zacks Investment Research raised H&R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Northcoast Research reaffirmed a “neutral” rating on shares of H&R Block in a research report on Wednesday, August 30th. Finally, BTIG Research reaffirmed a “sell” rating and issued a $19.00 price objective on shares of H&R Block in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $26.67.

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Shares of H&R Block, Inc. (NYSE HRB) opened at $25.08 on Friday. H&R Block, Inc. has a 1-year low of $19.85 and a 1-year high of $31.80. The firm has a market capitalization of $5,243.22, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.15 and a beta of 0.54. The company has a debt-to-equity ratio of -6.97, a current ratio of 1.48 and a quick ratio of 1.48.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.62). H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The business had revenue of $138.00 million during the quarter, compared to analysts’ expectations of $129.33 million. During the same period in the prior year, the business earned ($0.56) EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. sell-side analysts predict that H&R Block, Inc. will post 1.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 4th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Friday, December 1st. H&R Block’s dividend payout ratio is 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.

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

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