Northwestern Mutual Wealth Management Co. raised its position in H & R Block Inc (NYSE:HRB) by 58.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,567 shares of the company’s stock after buying an additional 1,682 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in H & R Block were worth $106,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in HRB. Teachers Retirement System of The State of Kentucky increased its position in H & R Block by 4.3% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 600,300 shares of the company’s stock worth $13,801,000 after buying an additional 24,900 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of H & R Block by 15.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,343 shares of the company’s stock worth $122,000 after buying an additional 695 shares during the last quarter. State Street Corp increased its stake in shares of H & R Block by 3.9% in the fourth quarter. State Street Corp now owns 10,032,122 shares of the company’s stock worth $230,630,000 after buying an additional 379,197 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of H & R Block by 14.2% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,895,000 shares of the company’s stock worth $66,556,000 after buying an additional 359,000 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of H & R Block during the fourth quarter worth $1,184,000. Institutional investors and hedge funds own 96.63% of the company’s stock.
Shares of H & R Block Inc (NYSE:HRB) traded up 1.42% during mid-day trading on Friday, reaching $25.65. The company’s stock had a trading volume of 1,875,044 shares. The company’s 50 day moving average price is $24.40 and its 200-day moving average price is $23.01. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 17.24 and a beta of 0.57. H & R Block Inc has a 1-year low of $19.85 and a 1-year high of $26.92.
H & R Block (NYSE:HRB) last issued its earnings results on Tuesday, March 7th. The company reported ($0.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.03. The business had revenue of $452 million during the quarter, compared to the consensus estimate of $427.47 million. H & R Block had a negative return on equity of 115.26% and a net margin of 11.52%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.34) EPS. Analysts predict that H & R Block Inc will post $1.75 earnings per share for the current fiscal year.
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Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded H & R Block from a “hold” rating to a “sell” rating in a report on Friday, February 10th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of H & R Block in a report on Friday, March 10th. BMO Capital Markets restated a “hold” rating on shares of H & R Block in a research note on Sunday, March 12th. Finally, BTIG Research restated a “buy” rating and issued a $17.00 price objective on shares of H & R Block in a research note on Monday, March 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.75.
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.
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