Bank of Montreal Can decreased its position in H&R Block, Inc. (NYSE:HRB) by 21.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,069 shares of the company’s stock after selling 146,323 shares during the period. Bank of Montreal Can owned 0.25% of H&R Block worth $16,107,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in HRB. BlackRock Inc. increased 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 worth $762,078,000 after buying an additional 31,852,089 shares during the last quarter. Ameriprise Financial Inc. increased its stake in H&R Block by 1,108.4% in the first quarter. Ameriprise Financial Inc. now owns 977,722 shares of the company’s stock worth $22,736,000 after buying an additional 896,811 shares during the last quarter. JPMorgan Chase & Co. increased its stake in H&R Block by 658.1% in the first quarter. JPMorgan Chase & Co. now owns 883,278 shares of the company’s stock worth $20,535,000 after buying an additional 766,763 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of H&R Block during the first quarter valued at about $17,768,000. Finally, Bank of New York Mellon Corp boosted 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 period. 91.45% of the stock is owned by institutional investors and hedge funds.
H&R Block, Inc. (NYSE HRB) traded up 0.70% during midday trading on Tuesday, reaching $31.49. The company’s stock had a trading volume of 2,431,418 shares. H&R Block, Inc. has a 1-year low of $19.85 and a 1-year high of $31.80. The firm has a market capitalization of $6.52 billion, a PE ratio of 16.54 and a beta of 0.54. The firm has a 50 day moving average price of $30.70 and a 200 day moving average price of $25.87.
H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.53 by $0.23. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. H&R Block’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.16 earnings per share. On average, analysts predict that H&R Block, Inc. will post $1.99 EPS for the current year.
Several equities analysts recently issued reports on HRB shares. BidaskClub cut H&R Block from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded 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. Morgan Stanley raised their price objective on H&R Block from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 14th. BMO Capital Markets raised their price objective on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, June 16th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a $29.00 price objective (up from $27.00) on shares of H&R Block in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.67.
In other H&R Block news, SVP Kathryn M. Collins sold 7,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $30.36, for a total value of $212,520.00. Following the sale, the senior vice president now directly owns 20,534 shares in the company, valued at $623,412.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Lewis sold 8,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $30.01, for a total value of $240,080.00. Following the completion of the sale, the director now owns 82,083 shares in the company, valued at $2,463,310.83. The disclosure for this sale can be found here. Insiders sold 1,473,471 shares of company stock worth $45,309,203 over the last quarter. Company insiders own 0.63% of the company’s stock.
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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