Retirement Systems of Alabama reduced its holdings in shares of H & R Block Inc (NYSE:HRB) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,436 shares of the company’s stock after selling 28,282 shares during the quarter. Retirement Systems of Alabama owned about 0.14% of H & R Block worth $7,394,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. IMS Capital Management purchased a new stake in shares of H & R Block during the 3rd quarter valued at approximately $26,000. Shell Asset Management Co. lifted its stake in shares of H & R Block by 1.8% during the 3rd quarter. Shell Asset Management Co. now owns 100,911 shares of the company’s stock valued at $2,598,000 after buying an additional 1,793 shares in the last quarter. Park National Corp OH lifted its stake in H & R Block by 19.5% in the 4th quarter. Park National Corp OH now owns 11,741 shares of the company’s stock worth $297,000 after purchasing an additional 1,920 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in H & R Block by 103.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock worth $106,000 after purchasing an additional 2,369 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC lifted its stake in H & R Block by 2.3% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 105,322 shares of the company’s stock worth $2,712,000 after purchasing an additional 2,373 shares in the last quarter. Institutional investors own 94.33% of the company’s stock.
NYSE HRB opened at $25.78 on Monday. H & R Block Inc has a 1 year low of $22.45 and a 1 year high of $29.81. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.32 and a beta of 0.17.
H & R Block (NYSE:HRB) last posted its earnings results on Thursday, December 6th. The company reported ($0.83) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.93) by $0.10. H & R Block had a net margin of 17.90% and a negative return on equity of 1,624.01%. The business had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $139.80 million. During the same period in the prior year, the company posted ($0.71) EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts forecast that H & R Block Inc will post 1.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Friday, November 30th. H & R Block’s dividend payout ratio is presently 33.56%.
Several research firms have issued reports on HRB. Zacks Investment Research reiterated a “hold” rating on shares of H & R Block in a research note on Tuesday, November 13th. ValuEngine upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Morgan Stanley increased their target price on shares of H & R Block from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, December 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.81.
H & R Block Company 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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