Boston Family Office LLC continued to hold its stake in H&R Block, Inc. (NYSE:HRB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,000 shares of the company’s stock at the end of the second quarter. Boston Family Office LLC’s holdings in H&R Block were worth $278,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Teachers Advisors LLC boosted its stake in H&R Block by 7.8% in the fourth quarter. Teachers Advisors LLC now owns 319,747 shares of the company’s stock valued at $7,351,000 after buying an additional 23,217 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in H&R Block by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 73,208 shares of the company’s stock valued at $1,702,000 after buying an additional 700 shares during the last quarter. Bank of Montreal Can boosted its stake in H&R Block by 14.6% in the first quarter. Bank of Montreal Can now owns 667,392 shares of the company’s stock valued at $15,517,000 after buying an additional 85,188 shares during the last quarter. Atria Investments LLC purchased a new stake in H&R Block during the first quarter valued at about $202,000. Finally, DnB Asset Management AS boosted its stake in H&R Block by 28.3% in the first quarter. DnB Asset Management AS now owns 17,666 shares of the company’s stock valued at $411,000 after buying an additional 3,900 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.
H&R Block, Inc. (HRB) opened at 29.73 on Tuesday. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 15.61 and a beta of 0.54. H&R Block, Inc. has a 1-year low of $19.85 and a 1-year high of $31.80. The firm has a 50-day moving average of $30.60 and a 200-day moving average of $26.12.
H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.53 by $0.23. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. H&R Block’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.16 earnings per share. Equities research analysts anticipate that H&R Block, Inc. will post $1.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.23%. H&R Block’s dividend payout ratio is currently 47.76%.
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HRB has been the topic of several research analyst reports. BTIG Research reiterated a “sell” rating and issued a $17.00 price objective on shares of H&R Block in a report on Monday, May 1st. Zacks Investment Research cut H&R Block from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Morgan Stanley lifted their price objective on H&R Block from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 14th. Credit Suisse Group reiterated a “neutral” rating and issued a $29.00 price objective (up from $27.00) on shares of H&R Block in a report on Wednesday, June 14th. Finally, BMO Capital Markets lifted their price objective on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. H&R Block 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 2,931 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total transaction of $88,955.85. Following the transaction, the senior vice president now owns 17,372 shares of the company’s stock, valued at $527,240.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Kathryn M. Collins sold 7,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $30.36, for a total transaction of $212,520.00. Following the transaction, the senior vice president now directly owns 20,534 shares in the company, valued at approximately $623,412.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,473,471 shares of company stock worth $45,309,203. 0.63% of the stock is currently 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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