Advisory Services Network LLC Lowers Holdings in H & R Block Inc (NYSE:HRB)

Advisory Services Network LLC decreased its position in H & R Block Inc (NYSE:HRB) by 93.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,567 shares of the company’s stock after selling 20,919 shares during the quarter. Advisory Services Network LLC’s holdings in H & R Block were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of H & R Block by 19.2% during the 4th quarter. Bank of New York Mellon Corp now owns 8,417,662 shares of the company’s stock valued at $213,556,000 after purchasing an additional 1,355,760 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of H & R Block by 21.5% during the 1st quarter. First Eagle Investment Management LLC now owns 7,705,778 shares of the company’s stock valued at $184,476,000 after purchasing an additional 1,363,866 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of H & R Block by 92.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,596,753 shares of the company’s stock valued at $133,986,000 after purchasing an additional 2,687,319 shares during the last quarter. Swedbank increased its position in shares of H & R Block by 0.4% during the 1st quarter. Swedbank now owns 5,195,264 shares of the company’s stock valued at $124,375,000 after purchasing an additional 18,193 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of H & R Block by 4.8% during the 1st quarter. Northern Trust Corp now owns 4,245,946 shares of the company’s stock valued at $101,648,000 after purchasing an additional 193,383 shares during the last quarter. 98.10% of the stock is currently owned by institutional investors and hedge funds.

In other H & R Block news, VP Kellie J. Logerwell sold 3,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $28.68, for a total value of $86,040.00. Following the completion of the sale, the vice president now directly owns 7,941 shares in the company, valued at approximately $227,747.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

HRB has been the topic of several analyst reports. Barrington Research reissued an “outperform” rating on shares of H & R Block in a research report on Wednesday, June 12th. Northcoast Research downgraded H & R Block from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 9th. ValuEngine downgraded Wave Life Sciences from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Finally, Morgan Stanley boosted their price objective on General Mills from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, June 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $26.50.

HRB traded down $0.16 during trading hours on Friday, reaching $28.02. 3,140,435 shares of the company’s stock traded hands, compared to its average volume of 2,744,553. The company’s 50-day moving average price is $28.12. H & R Block Inc has a 52-week low of $22.96 and a 52-week high of $29.62. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.41 and a beta of 0.25.

H & R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $4.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.11 by $0.21. H & R Block had a return on equity of 364.51% and a net margin of 13.65%. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the business earned $5.42 EPS. H & R Block’s revenue was down 2.5% compared to the same quarter last year. Sell-side analysts forecast that H & R Block Inc will post 1.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 21st were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.71%. This is a boost from H & R Block’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, June 20th. H & R Block’s dividend payout ratio is currently 48.37%.

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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