H&R Block Inc. (HRB) to Issue Quarterly Dividend of $0.22 on January 3rd
H&R Block Inc. (NYSE:HRB) declared a quarterly dividend on Thursday, November 10th. Investors of record on Monday, December 5th will be given a dividend of 0.22 per share on Tuesday, January 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, December 1st.
H&R Block (NYSE:HRB) opened at 23.98 on Friday. H&R Block has a 12-month low of $19.18 and a 12-month high of $37.35. The company has a 50 day moving average of $22.87 and a 200-day moving average of $22.78. The stock has a market cap of $5.25 billion, a P/E ratio of 16.22 and a beta of 0.58.
H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, August 30th. The company reported ($0.55) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.53) by $0.02. The firm earned $125 million during the quarter. H&R Block had a negative return on equity of 202.63% and a net margin of 11.58%. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.35) EPS. Equities analysts forecast that H&R Block will post $1.73 earnings per share for the current year.
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A number of equities analysts have commented on HRB shares. Macquarie started coverage on shares of H&R Block in a report on Thursday, August 25th. They issued an “outperform” rating and a $28.00 target price for the company. Zacks Investment Research upgraded shares of H&R Block from a “sell” rating to a “hold” rating in a report on Tuesday, November 1st. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $28.00 target price (down from $29.00) on shares of H&R Block in a report on Wednesday, August 31st. Morgan Stanley downgraded shares of H&R Block from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $26.00 to $25.00 in a report on Wednesday, November 16th. Finally, BTIG Research reiterated a “neutral” rating on shares of H&R Block in a report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.99.
In other news, SVP Gregory J. Macfarlane bought 4,618 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were purchased at an average price of $21.65 per share, for a total transaction of $99,979.70. Following the completion of the transaction, the senior vice president now directly owns 121,707 shares in the company, valued at $2,634,956.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. BOKF NA raised its stake in shares of H&R Block by 1.4% in the second quarter. BOKF NA now owns 11,133 shares of the company’s stock worth $256,000 after buying an additional 154 shares in the last quarter. Veritable L.P. raised its stake in shares of H&R Block by 4.3% in the second quarter. Veritable L.P. now owns 12,325 shares of the company’s stock worth $283,000 after buying an additional 513 shares in the last quarter. Zurich Insurance Group Ltd FI raised its stake in shares of H&R Block by 2.7% in the second quarter. Zurich Insurance Group Ltd FI now owns 32,055 shares of the company’s stock worth $737,000 after buying an additional 828 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of H&R Block by 9.9% in the second quarter. Janney Montgomery Scott LLC now owns 29,375 shares of the company’s stock worth $978,000 after buying an additional 2,635 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of H&R Block by 0.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 482,004 shares of the company’s stock worth $11,086,000 after buying an additional 3,237 shares in the last quarter. Hedge funds and other institutional investors own 94.06% 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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