Duality Advisers LP Lowers Position in H & R Block Inc (NYSE:HRB)

Duality Advisers LP reduced its stake in H & R Block Inc (NYSE:HRB) by 46.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,950 shares of the company’s stock after selling 47,040 shares during the quarter. Duality Advisers LP’s holdings in H & R Block were worth $1,292,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its position in shares of H & R Block by 233.4% during the first quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock valued at $31,000 after buying an additional 950 shares during the period. Rational Advisors LLC raised its stake in shares of H & R Block by 8,750.0% during the first quarter. Rational Advisors LLC now owns 1,416 shares of the company’s stock valued at $34,000 after acquiring an additional 1,400 shares in the last quarter. Enlightenment Research LLC bought a new stake in shares of H & R Block during the fourth quarter valued at approximately $38,000. Old North State Trust LLC bought a new stake in shares of H & R Block during the first quarter valued at approximately $39,000. Finally, CSat Investment Advisory L.P. raised its stake in shares of H & R Block by 36.3% during the first quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock valued at $54,000 after acquiring an additional 600 shares in the last quarter. 98.10% of the stock is currently owned by institutional investors.

Shares of H & R Block stock traded down $0.34 during trading hours on Monday, reaching $28.96. The stock had a trading volume of 3,332,476 shares, compared to its average volume of 3,092,266. The company’s 50 day simple moving average is $27.52. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.46 and a beta of 0.25. H & R Block Inc has a twelve month low of $22.60 and a twelve month high of $29.62. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 2.76.

H & R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, June 11th. The company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.21. H & R Block had a net margin of 13.65% and a return on equity of 364.51%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm earned $5.42 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts forecast that H & R Block Inc will post 2.01 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 21st will be paid a $0.26 dividend. This is a boost from H & R Block’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $1.04 annualized dividend and a dividend yield of 3.59%. H & R Block’s dividend payout ratio is 48.37%.

A number of equities analysts recently commented on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $29.00 price objective on shares of H & R Block in a research note on Thursday. Barrington Research reaffirmed an “outperform” rating on shares of H & R Block in a research report on Wednesday, June 12th. Zacks Investment Research downgraded H & R Block from a “hold” rating to a “sell” rating and set a $28.00 price target on the stock. in a research report on Wednesday, May 29th. Finally, ValuEngine raised H & R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.50.

H & R Block Profile

H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.

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Institutional Ownership by Quarter for H & R Block (NYSE:HRB)

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