H&R Block, Inc. (HRB) Shares Sold by WBI Investments Inc.
WBI Investments Inc. lessened its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 2.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 821,810 shares of the company’s stock after selling 20,458 shares during the period. H&R Block accounts for about 1.1% of WBI Investments Inc.’s portfolio, making the stock its 20th largest position. WBI Investments Inc. owned 0.39% of H&R Block worth $25,402,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board grew its holdings in shares of H&R Block by 168.7% during the first quarter. Canada Pension Plan Investment Board now owns 93,574 shares of the company’s stock worth $2,176,000 after purchasing an additional 58,747 shares during the last quarter. Janus Capital Management LLC grew its holdings in shares of H&R Block by 76.0% during the first quarter. Janus Capital Management LLC now owns 496,134 shares of the company’s stock worth $11,535,000 after purchasing an additional 214,206 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of H&R Block during the first quarter worth $208,000. LMR Partners LLP bought a new stake in shares of H&R Block during the first quarter worth $474,000. Finally, OppenheimerFunds Inc. grew its holdings in shares of H&R Block by 5.0% during the first quarter. OppenheimerFunds Inc. now owns 15,366 shares of the company’s stock worth $357,000 after purchasing an additional 731 shares during the last quarter. Institutional investors own 90.28% of the company’s stock.
H&R Block, Inc. (NYSE:HRB) traded up 0.638% during midday trading on Tuesday, hitting $26.015. The stock had a trading volume of 677,208 shares. The company’s 50 day moving average price is $29.49 and its 200-day moving average price is $26.83. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 13.721 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.
H&R Block (NYSE:HRB) last announced its earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, meeting the consensus estimate of ($0.62). H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. The company had revenue of $138.00 million for the quarter, compared to analyst estimates of $129.33 million. During the same quarter in the prior year, the company earned ($0.56) EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities 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 given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.96 annualized dividend and a dividend yield of 3.68%. H&R Block’s payout ratio is 49.48%.
Several research firms recently issued reports on HRB. BidaskClub upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Northcoast Research reiterated a “neutral” rating on shares of H&R Block in a report on Wednesday, August 30th. Morgan Stanley raised their price target on H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, June 14th. Barrington Research raised their price target on H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, June 19th. Finally, Zacks Investment Research cut H&R Block from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.71.
In related news, Director David B. Lewis sold 8,000 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $30.01, for a total transaction of $240,080.00. Following the sale, the director now owns 82,083 shares in the company, valued at approximately $2,463,310.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tom D. Seip sold 6,300 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $29.84, for a total value of $187,992.00. Following the sale, the director now owns 91,071 shares in the company, valued at approximately $2,717,558.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,473,471 shares of company stock worth $45,309,203. 0.63% of the stock is owned by corporate insiders.
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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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