Alpha Windward LLC purchased a new stake in shares of H&R Block, Inc. (NYSE:HRB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 18,705 shares of the company’s stock, valued at approximately $578,000. H&R Block comprises 0.4% of Alpha Windward LLC’s holdings, making the stock its 24th largest position.
Several other hedge funds have also added to or reduced their stakes in HRB. BlackRock Inc. raised its stake in H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock valued at $762,078,000 after buying an additional 31,852,089 shares in the last quarter. Vanguard Group Inc. increased its position in shares of H&R Block by 1.7% in the first quarter. Vanguard Group Inc. now owns 20,813,812 shares of the company’s stock valued at $483,921,000 after buying an additional 348,330 shares during the last quarter. State Street Corp increased its position in shares of H&R Block by 6.3% in the first quarter. State Street Corp now owns 10,668,894 shares of the company’s stock valued at $248,052,000 after buying an additional 636,772 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of H&R Block by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 7,932,832 shares of the company’s stock valued at $184,439,000 after buying an additional 685,702 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of H&R Block by 3.3% in the first quarter. First Eagle Investment Management LLC now owns 5,941,335 shares of the company’s stock valued at $138,136,000 after buying an additional 191,368 shares during the last quarter. Institutional investors and hedge funds own 92.91% of the company’s stock.
H&R Block, Inc. (HRB) traded up 0.247% during trading on Tuesday, reaching $30.385. 1,888,279 shares of the company’s stock were exchanged. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 15.959 and a beta of 0.54. H&R Block, Inc. has a 52 week low of $19.85 and a 52 week high of $31.70. The company’s 50 day moving average price is $27.73 and its 200-day moving average price is $24.16.
H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, June 13th. The company reported $3.76 EPS for the quarter, topping the consensus estimate of $3.53 by $0.23. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $3.16 earnings per share. On average, equities analysts expect that H&R Block, Inc. will post $1.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Friday, June 23rd were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This is a boost from H&R Block’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 3.17%. H&R Block’s payout ratio is 47.76%.
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Several brokerages recently issued reports on HRB. BTIG Research upped their price objective on shares of H&R Block from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised shares of H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Wednesday, May 24th. Barrington Research upped their price objective on shares of H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, June 19th. BidaskClub downgraded shares of H&R Block from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, BMO Capital Markets upped their price objective on shares of H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.67.
In other news, insider William C. Cobb sold 300,700 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $31.11, for a total value of $9,354,777.00. Following the completion of the sale, the insider now directly owns 852,158 shares in the company, valued at $26,510,635.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William C. Cobb sold 387,740 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $31.19, for a total transaction of $12,093,610.60. Following the completion of the sale, the insider now owns 658,463 shares of the company’s stock, valued at $20,537,460.97. The disclosure for this sale can be found here. Insiders sold 1,470,540 shares of company stock valued at $45,220,248 over the last quarter. Corporate insiders own 1.30% of the company’s stock.
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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