State Board of Administration of Florida Retirement System held its stake in shares of H&R Block, Inc. (NYSE:HRB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,674 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned 0.17% of H&R Block worth $11,179,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock worth $762,078,000 after buying an additional 31,852,089 shares during the period. Vanguard Group Inc. boosted its position in shares of H&R Block by 1.7% in the first quarter. Vanguard Group Inc. now owns 20,813,812 shares of the company’s stock worth $483,921,000 after buying an additional 348,330 shares during the period. State Street Corp boosted its position in shares of H&R Block by 6.3% in the first quarter. State Street Corp now owns 10,668,894 shares of the company’s stock worth $248,052,000 after buying an additional 636,772 shares during the period. Bank of New York Mellon Corp boosted its position in shares of H&R Block by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 7,932,832 shares of the company’s stock worth $184,439,000 after buying an additional 685,702 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in shares of H&R Block by 3.4% in the second quarter. First Eagle Investment Management LLC now owns 6,144,521 shares of the company’s stock worth $189,927,000 after buying an additional 203,186 shares during the period. Institutional investors and hedge funds own 90.28% of the company’s stock.

H&R Block, Inc. (NYSE:HRB) opened at 26.81 on Thursday. H&R Block, Inc. has a 12-month low of $19.85 and a 12-month high of $31.80. The firm’s 50-day moving average is $30.50 and its 200 day moving average is $26.30. The firm has a market cap of $5.55 billion, a PE ratio of 14.08 and a beta of 0.54.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.62). The business had revenue of $138 million for the quarter, compared to analysts’ expectations of $129.33 million. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. H&R Block’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.56) earnings per share. Equities research analysts predict that H&R Block, Inc. will post $1.99 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Tuesday, September 12th. H&R Block’s dividend payout ratio is presently 49.48%.

TRADEMARK VIOLATION WARNING: “H&R Block, Inc. (HRB) Position Maintained by State Board of Administration of Florida Retirement System” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/31/hr-block-inc-hrb-position-maintained-by-state-board-of-administration-of-florida-retirement-system.html.

HRB has been the subject of a number of research reports. BTIG Research restated a “sell” rating and issued a $19.00 price objective on shares of H&R Block in a report on Tuesday. Morgan Stanley lifted their price objective on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, June 14th. Credit Suisse Group restated a “neutral” rating and issued a $29.00 price objective (up previously from $27.00) on shares of H&R Block in a report on Wednesday, June 14th. Zacks Investment Research cut shares of H&R Block from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Finally, BidaskClub cut shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.75.

In other news, insider William C. Cobb sold 750,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 1,301,458 shares in the company, valued at $39,564,323.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William C. Cobb sold 387,740 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $31.19, for a total value of $12,093,610.60. Following the sale, the insider now owns 658,463 shares in the company, valued at $20,537,460.97. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,473,471 shares of company stock worth $45,309,203. 0.63% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding HRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&R Block, Inc. (NYSE:HRB).

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

Receive News & Stock Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related stocks with our FREE daily email newsletter.