Bredin Investment LLC Invests $206,000 in H & R Block Inc (HRB) Stock
Bredin Investment LLC acquired a new stake in H & R Block Inc (NYSE:HRB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,000 shares of the company’s stock, valued at approximately $206,000.
A number of other large investors also recently added to or reduced their stakes in HRB. Tower Research Capital LLC TRC grew its stake in shares of H & R Block by 103.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $106,000 after acquiring an additional 2,369 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of H & R Block during the second quarter valued at about $109,000. Caption Management LLC acquired a new position in H & R Block in the second quarter worth about $114,000. Flagship Harbor Advisors LLC acquired a new position in H & R Block in the second quarter worth about $137,000. Finally, First Hawaiian Bank acquired a new position in H & R Block in the third quarter worth about $137,000. 96.55% of the stock is currently owned by institutional investors.
NYSE:HRB opened at $28.38 on Monday. The stock has a market capitalization of $5.83 billion, a P/E ratio of 9.99, a PEG ratio of 1.49 and a beta of 0.07. H & R Block Inc has a one year low of $22.45 and a one year high of $29.81. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.27 and a quick ratio of 2.27.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be paid a $0.25 dividend. The ex-dividend date is Friday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 3.52%. H & R Block’s payout ratio is currently 33.56%.
In other H & R Block news, insider Thomas A. Gerke sold 70,000 shares of H & R Block stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $26.54, for a total value of $1,857,800.00. Following the completion of the transaction, the insider now directly owns 68,073 shares in the company, valued at $1,806,657.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.
A number of equities analysts recently commented on HRB shares. Zacks Investment Research upgraded H & R Block from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, October 3rd. Barrington Research reiterated a “buy” rating and issued a $27.00 price target on shares of H & R Block in a research note on Thursday, August 23rd. Morgan Stanley decreased their price target on H & R Block from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, August 29th. Finally, ValuEngine upgraded H & R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.67.
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About H & R Block
H&R Block, Inc engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia.
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