H&R Block, Inc. (HRB) Stake Increased by ING Groep NV
ING Groep NV lifted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 57.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,067 shares of the company’s stock after buying an additional 6,597 shares during the quarter. ING Groep NV’s holdings in H&R Block were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in H&R Block by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,344,192 shares of the company’s stock worth $659,749,000 after purchasing an additional 530,380 shares during the period. First Eagle Investment Management LLC boosted its holdings in H&R Block by 2.6% in the third quarter. First Eagle Investment Management LLC now owns 6,302,315 shares of the company’s stock worth $166,885,000 after purchasing an additional 157,794 shares during the period. APG Asset Management N.V. boosted its holdings in H&R Block by 70.5% in the third quarter. APG Asset Management N.V. now owns 4,066,049 shares of the company’s stock worth $107,669,000 after purchasing an additional 1,681,474 shares during the period. JPMorgan Chase & Co. boosted its holdings in H&R Block by 247.1% in the second quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock worth $94,759,000 after purchasing an additional 2,182,306 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in H&R Block by 208.9% in the second quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock worth $82,277,000 after purchasing an additional 1,801,791 shares during the period. 95.11% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on HRB shares. BTIG Research reaffirmed a “sell” rating and issued a $19.00 price objective on shares of H&R Block in a report on Tuesday, August 29th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $30.00 price objective (up previously from $29.00) on shares of H&R Block in a report on Wednesday, August 30th. Oppenheimer reaffirmed a “market perform” rating on shares of H&R Block in a 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 report on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of H&R Block from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.67.
H&R Block, Inc. (NYSE:HRB) traded up $0.06 during trading on Wednesday, reaching $25.55. 1,966,100 shares of the company’s stock were exchanged, compared to its average volume of 3,031,799. 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 $5,364.48, a P/E ratio of 12.96, a PEG ratio of 1.18 and a beta of 0.54. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of -6.97.
H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share (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 company had revenue of $138.00 million during the quarter, compared to the consensus estimate of $129.33 million. During the same quarter in the previous year, the company posted ($0.56) earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. research analysts predict that H&R Block, Inc. will post 1.98 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, December 1st. H&R Block’s dividend payout ratio (DPR) is 49.48%.
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About H&R Block
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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