First Trust Advisors LP lowered its position in shares of H&R Block, Inc. (NYSE:HRB) by 22.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,938 shares of the company’s stock after selling 77,863 shares during the period. First Trust Advisors LP owned about 0.13% of H&R Block worth $8,189,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HRB. 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 worth $106,000 after buying an additional 1,682 shares during the period. 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 worth $108,000 after buying an additional 2,184 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of H&R Block during the first quarter worth $122,000. Salem Investment Counselors Inc. purchased a new stake in shares of H&R Block during the first quarter worth $136,000. 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 worth $156,000 after buying an additional 1,300 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.

H&R Block, Inc. (HRB) opened at 29.71 on Friday. The stock has a 50 day moving average price of $30.50 and a 200 day moving average price of $26.30. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 15.60 and a beta of 0.54. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $31.80.

H&R Block (NYSE:HRB) last posted 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. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. H&R Block had a net margin of 13.47% and a negative return on equity of 104.14%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.16 EPS. On average, equities analysts expect that H&R Block, Inc. will post $1.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a yield of 3.23%. H&R Block’s payout ratio is currently 47.76%.

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HRB has been the subject of a number of research analyst reports. BidaskClub lowered H&R Block from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research raised H&R Block from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, May 24th. Morgan Stanley lifted their target price on H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 14th. Finally, BMO Capital Markets lifted their target price on H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $27.63.

In other H&R Block news, SVP Kathryn M. Collins sold 2,931 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total value of $88,955.85. Following the completion of the transaction, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kathryn M. Collins sold 7,000 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $30.36, for a total transaction of $212,520.00. Following the completion of the transaction, the senior vice president now directly owns 20,534 shares of the company’s stock, valued at $623,412.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,473,471 shares of company stock valued at $45,309,203. 0.63% of the stock is currently owned by corporate insiders.

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

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