JPMorgan Chase & Co. grew its holdings in H&R Block, Inc. (NYSE:HRB) by 247.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,065,584 shares of the company’s stock after acquiring an additional 2,182,306 shares during the period. JPMorgan Chase & Co. owned about 1.47% of H&R Block worth $94,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of HRB. Sumitomo Mitsui Asset Management Company LTD grew 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 worth $448,000 after acquiring an additional 2,406 shares in the last quarter. Canada Pension Plan Investment Board grew its stake 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 worth $2,176,000 after acquiring an additional 58,747 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of H&R Block by 1.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,010 shares of the company’s stock worth $814,000 after acquiring an additional 410 shares in the last quarter. State Treasurer State of Michigan grew its stake in shares of H&R Block by 0.3% in the first quarter. State Treasurer State of Michigan now owns 67,998 shares of the company’s stock worth $1,581,000 after acquiring an additional 200 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of H&R Block by 159.4% in the first quarter. LSV Asset Management now owns 102,200 shares of the company’s stock worth $2,376,000 after acquiring an additional 62,800 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

H&R Block, Inc. (HRB) opened at 26.08 on Friday. The firm has a market cap of $5.42 billion, a P/E ratio of 13.76 and a beta of 0.56. H&R Block, Inc. has a 52 week low of $19.85 and a 52 week high of $31.80. The company’s 50 day moving average is $29.50 and its 200-day moving average is $26.69.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.62). The business had revenue of $138 million during the quarter, compared to analyst estimates of $129.33 million. H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned ($0.56) EPS. Equities analysts expect that H&R Block, Inc. will post $1.97 earnings per share for the current year.

The company also recently declared 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 3.68%. The ex-dividend date is Tuesday, September 12th. H&R Block’s payout ratio is 49.48%.

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HRB has been the subject of several research reports. BTIG Research restated a “sell” rating and issued a $19.00 price target on shares of H&R Block in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, May 24th. Credit Suisse Group restated a “neutral” rating and issued a $29.00 price target (up previously from $27.00) on shares of H&R Block in a research note on Wednesday, June 14th. BidaskClub downgraded shares of H&R Block from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of H&R Block in a research note on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. H&R Block presently has an average rating of “Hold” and an average price target of $27.71.

In related news, insider William C. Cobb sold 750,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $30.40, for a total transaction of $22,800,000.00. Following the completion of the sale, the insider now directly owns 1,301,458 shares of the company’s stock, valued at approximately $39,564,323.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kathryn M. Collins sold 7,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $30.36, for a total transaction of $212,520.00. Following the sale, 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 ninety days, insiders have 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.

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

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