KCG Holdings Inc. acquired a new stake in shares of H&R Block, Inc. (NYSE:HRB) during the first quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,617 shares of the company’s stock, valued at approximately $293,000.

Several other institutional investors have also recently modified their holdings of HRB. Retirement Systems of Alabama increased its position in shares of H&R Block by 16.2% in the first quarter. Retirement Systems of Alabama now owns 335,556 shares of the company’s stock valued at $7,802,000 after buying an additional 46,778 shares during the period. DnB Asset Management AS increased its position in shares of H&R Block by 28.3% in the first quarter. DnB Asset Management AS now owns 17,666 shares of the company’s stock valued at $411,000 after buying an additional 3,900 shares during the period. National Investment Services Inc. WI increased its position in shares of H&R Block by 19.9% in the first quarter. National Investment Services Inc. WI now owns 79,723 shares of the company’s stock valued at $1,854,000 after buying an additional 13,230 shares during the period. Atria Investments LLC purchased a new position in shares of H&R Block during the first quarter valued at approximately $202,000. Finally, Private Bank & Trust Co. purchased a new position in shares of H&R Block during the first quarter valued at approximately $387,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Shares of H&R Block, Inc. (NYSE:HRB) traded down 1.39% during midday trading on Friday, reaching $29.78. 2,392,512 shares of the company’s stock were exchanged. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 15.64 and a beta of 0.54. H&R Block, Inc. has a 12-month low of $19.85 and a 12-month high of $31.80. The stock’s 50 day moving average price is $30.63 and its 200 day moving average price is $25.99.

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

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Several equities analysts have recently commented on the stock. BidaskClub raised shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets upped their price objective on shares of H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, June 16th. Barrington Research upped their price objective on shares of H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, June 19th. Credit Suisse Group reaffirmed a “neutral” rating and set a $29.00 price objective (up from $27.00) on shares of H&R Block in a research note on Wednesday, June 14th. Finally, Morgan Stanley increased their price target on shares of H&R Block from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.67.

In other news, insider William C. Cobb sold 750,000 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $30.40, for a total value of $22,800,000.00. Following the completion of the sale, the insider now owns 1,301,458 shares in the company, valued at approximately $39,564,323.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tom D. Seip sold 6,300 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $29.84, for a total transaction of $187,992.00. Following the completion of the sale, the director now owns 91,071 shares of the company’s stock, valued at approximately $2,717,558.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,473,471 shares of company stock valued at $45,309,203. Company insiders own 0.63% of the company’s stock.

About H&R Block

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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