Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of H&R Block, Inc. (NYSE:HRB) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 637,460 shares of the company’s stock after buying an additional 8,926 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.30% of H&R Block worth $19,704,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Korea Investment CORP raised its position 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 last quarter. Canada Pension Plan Investment Board raised its position in shares of H&R Block by 168.7% in the first quarter. Canada Pension Plan Investment Board now owns 93,574 shares of the company’s stock valued at $2,176,000 after buying an additional 58,747 shares during the last quarter. Janus Capital Management LLC raised its position in shares of H&R Block by 76.0% in the first quarter. Janus Capital Management LLC now owns 496,134 shares of the company’s stock valued at $11,535,000 after buying an additional 214,206 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of H&R Block during the first quarter valued at about $208,000. Finally, LMR Partners LLP purchased a new position in shares of H&R Block during the first quarter valued at about $474,000. Institutional investors own 90.28% of the company’s stock.

Shares of H&R Block, Inc. (HRB) opened at 26.77 on Friday. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 14.12 and a beta of 0.57. H&R Block, Inc. has a one year low of $19.85 and a one year high of $31.80. The firm has a 50-day moving average price of $30.01 and a 200-day moving average price of $26.54.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.62). The firm had revenue of $138 million during the quarter, compared to analysts’ expectations of $129.33 million. H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.56) earnings per share. Analysts anticipate that H&R Block, Inc. will post $1.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Tuesday, September 12th. H&R Block’s payout ratio is 49.48%.

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Several equities analysts have issued reports on the company. BidaskClub raised H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. BMO Capital Markets raised their price target on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, June 16th. Barrington Research raised their price target on H&R Block from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, June 19th. BTIG Research reissued a “sell” rating and set a $19.00 price target on shares of H&R Block in a report on Tuesday. Finally, Credit Suisse Group reissued a “neutral” rating and set a $30.00 price target (up previously from $29.00) on shares of H&R Block in a report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. H&R Block has an average rating of “Hold” and a consensus price target of $27.71.

In related news, Director Tom D. Seip sold 6,300 shares of the firm’s stock in a transaction that occurred on 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 directly owns 91,071 shares in the company, valued at $2,717,558.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kathryn M. Collins sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $30.36, for a total transaction of $212,520.00. Following the sale, the senior vice president now owns 20,534 shares of the company’s stock, valued at $623,412.24. The disclosure for this sale can be found here. Insiders have sold 1,473,471 shares of company stock valued at $45,309,203 over the last 90 days. 0.63% of the stock is currently owned by 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.

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

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