American Century Companies Inc. boosted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 5,390.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,191,765 shares of the company’s stock after buying an additional 1,170,060 shares during the period. American Century Companies Inc. owned approximately 0.57% of H&R Block worth $36,837,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. DnB Asset Management AS increased its stake 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. Retirement Systems of Alabama increased its stake 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. Nationwide Fund Advisors increased its stake in shares of H&R Block by 18.0% in the first quarter. Nationwide Fund Advisors now owns 385,443 shares of the company’s stock valued at $8,962,000 after buying an additional 58,914 shares during the period. Korea Investment CORP increased its stake in shares of H&R Block by 30.2% in the first quarter. Korea Investment CORP now owns 138,000 shares of the company’s stock valued at $3,209,000 after buying an additional 32,000 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of H&R Block by 14.2% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,295 shares of the company’s stock valued at $448,000 after buying an additional 2,406 shares during the period. 90.28% of the stock is currently owned by institutional investors.

H&R Block, Inc. (NYSE HRB) opened at 26.81 on Thursday. H&R Block, Inc. has a 52 week low of $19.85 and a 52 week high of $31.80. The company has a market cap of $5.55 billion, a PE ratio of 14.08 and a beta of 0.54. The stock has a 50 day moving average of $30.50 and a 200 day moving average of $26.30.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.96 annualized dividend and a dividend yield of 3.58%. H&R Block’s dividend payout ratio (DPR) is currently 49.48%.

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Several analysts recently commented on HRB shares. Zacks Investment Research downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. BTIG Research increased their price objective on shares of H&R Block from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Wednesday, June 14th. Morgan Stanley increased 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 research report on Wednesday, June 14th. Credit Suisse Group reissued a “neutral” rating and set a $29.00 price objective (up from $27.00) on shares of H&R Block in a research report on Wednesday, June 14th. Finally, BMO Capital Markets increased 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 report on Friday, June 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.75.

In other H&R Block news, Director Tom D. Seip sold 6,300 shares of H&R Block stock in a transaction that occurred on 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 approximately $2,717,558.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kathryn M. Collins sold 2,931 shares of H&R Block stock in a transaction that occurred on 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 owns 17,372 shares in the company, valued at $527,240.20. The disclosure for this sale can be found here. Insiders sold a total of 1,473,471 shares of company stock worth $45,309,203 over the last quarter. 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.

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

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