Credit Suisse AG Increases Position in H & R Block Inc (HRB)
Credit Suisse AG boosted its stake in H & R Block Inc (NYSE:HRB) by 25.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 475,232 shares of the company’s stock after acquiring an additional 96,113 shares during the period. Credit Suisse AG’s holdings in H & R Block were worth $12,237,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in HRB. Tower Research Capital LLC TRC lifted its position in H & R Block by 103.9% in 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in H & R Block in the second quarter valued at $109,000. Caption Management LLC purchased a new stake in H & R Block in the second quarter valued at $114,000. Atlas Capital Advisors LLC purchased a new stake in H & R Block in the third quarter valued at $122,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in H & R Block in the second quarter valued at $137,000. 94.64% of the stock is owned by hedge funds and other institutional investors.
NYSE HRB opened at $27.04 on Friday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 7.79. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 1.44 and a beta of 0.09. H & R Block Inc has a one year low of $22.45 and a one year high of $29.81.
The firm also recently disclosed 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 3.70%. H & R Block’s dividend payout ratio is presently 33.56%.
A number of brokerages recently weighed in on HRB. Morgan Stanley set a $27.00 price target on shares of H & R Block and gave the company a “hold” rating in a research report on Friday. ValuEngine raised shares of H & R Block from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Zacks Investment Research raised shares of H & R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, Barrington Research reissued a “buy” rating and issued a $27.00 price target on shares of H & R Block in a research report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.81.
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About H & R Block
H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
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