OppenheimerFunds Inc. increased its stake in shares of H&R Block, Inc. (NYSE:HRB) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,366 shares of the company’s stock after buying an additional 731 shares during the period. OppenheimerFunds Inc.’s holdings in H&R Block were worth $357,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of H&R Block by 58.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,567 shares of the company’s stock valued at $106,000 after buying an additional 1,682 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of H&R Block by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 4,640 shares of the company’s stock valued at $108,000 after buying an additional 2,184 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of H&R Block by 15.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,343 shares of the company’s stock valued at $122,000 after buying an additional 695 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of H&R Block during the first quarter valued at approximately $122,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of H&R Block by 24.1% in the first quarter. Daiwa Securities Group Inc. now owns 6,700 shares of the company’s stock valued at $156,000 after buying an additional 1,300 shares in the last quarter. 92.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of H&R Block, Inc. (NYSE:HRB) opened at 30.23 on Tuesday. The stock’s 50 day moving average price is $30.55 and its 200-day moving average price is $25.34. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $31.70. The company has a market cap of $6.26 billion, a P/E ratio of 15.88 and a beta of 0.54.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.53 by $0.23. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.16 EPS. Equities analysts expect that H&R Block, Inc. will post $1.99 EPS for the current year.

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Several brokerages recently commented on HRB. BTIG Research boosted their price target on H&R Block from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, May 24th. Barrington Research boosted their price target on H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, June 19th. BidaskClub lowered H&R Block from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, BMO Capital Markets boosted their price objective on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. H&R Block has an average rating of “Hold” and a consensus price target of $27.67.

In other H&R Block news, insider William C. Cobb sold 750,000 shares of H&R Block stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the transaction, the insider now directly owns 1,301,458 shares of the company’s stock, valued at approximately $39,564,323.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tom D. Seip sold 6,300 shares of H&R Block stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $29.84, for a total value of $187,992.00. Following the transaction, the director now directly owns 91,071 shares in the company, valued at $2,717,558.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,473,471 shares of company stock worth $45,309,203. Company insiders own 0.63% 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.

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

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