Macquarie Group Ltd. lowered its position in H&R Block Inc. (NYSE:HRB) by 94.8% during the second quarter, Holdings Channel reports. The firm owned 6,600 shares of the company’s stock after selling 120,868 shares during the period. Macquarie Group Ltd.’s holdings in H&R Block were worth $152,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in HRB. Creative Planning raised its position in shares of H&R Block by 59.4% in the second quarter. Creative Planning now owns 4,579 shares of the company’s stock worth $105,000 after buying an additional 1,706 shares during the period. Tower Research Capital LLC TRC raised its position in shares of H&R Block by 7,490.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,541 shares of the company’s stock worth $127,000 after buying an additional 5,468 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of H&R Block during the second quarter worth about $208,000. Capital One National Association acquired a new position in shares of H&R Block during the second quarter worth about $214,000. Finally, UMB Bank N A MO acquired a new position in shares of H&R Block during the second quarter worth about $236,000. Institutional investors and hedge funds own 93.05% of the company’s stock.
Shares of H&R Block Inc. (NYSE:HRB) opened at 22.59 on Wednesday. H&R Block Inc. has a 12-month low of $19.18 and a 12-month high of $37.53. The firm has a market cap of $4.95 billion, a P/E ratio of 15.28 and a beta of 0.70. The firm has a 50-day moving average price of $22.99 and a 200-day moving average price of $23.04.
H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, August 30th. The company reported ($0.55) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by $0.02. The firm earned $125 million during the quarter. H&R Block had a net margin of 11.58% and a negative return on equity of 202.63%. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same period last year, the business posted ($0.35) EPS. On average, equities research analysts expect that H&R Block Inc. will post $1.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Wednesday, September 14th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.88 annualized dividend and a dividend yield of 3.90%. H&R Block’s dividend payout ratio (DPR) is 52.69%.
A number of brokerages have recently issued reports on HRB. Morgan Stanley restated a “buy” rating and set a $26.00 target price on shares of H&R Block in a research report on Friday, June 10th. Zacks Investment Research upgraded shares of H&R Block from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. BMO Capital Markets increased their price target on H&R Block from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, August 31st. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of H&R Block in a report on Thursday, September 1st. Finally, BTIG Research reaffirmed a “hold” rating on shares of H&R Block in a report on Sunday, June 12th. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. H&R Block presently has a consensus rating of “Hold” and a consensus price target of $31.10.
In other news, SVP Gregory J. Macfarlane acquired 4,618 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was acquired at an average price of $21.65 per share, for a total transaction of $99,979.70. Following the completion of the acquisition, the senior vice president now directly owns 121,707 shares in the company, valued at approximately $2,634,956.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.30% of the stock is owned by insiders.
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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