Nationwide Fund Advisors Lowers Holdings in H&R Block, Inc. (HRB)
Nationwide Fund Advisors trimmed its stake in H&R Block, Inc. (NYSE:HRB) by 42.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,843 shares of the company’s stock after selling 162,600 shares during the period. Nationwide Fund Advisors owned about 0.11% of H&R Block worth $6,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in H&R Block in the 1st quarter worth about $122,000. Victory Capital Management Inc. increased its position in shares of H&R Block by 7.9% during the second quarter. Victory Capital Management Inc. now owns 4,064 shares of the company’s stock worth $126,000 after acquiring an additional 296 shares during the period. Salem Investment Counselors Inc. purchased a new position in shares of H&R Block during the first quarter worth approximately $136,000. Invictus RG purchased a new position in shares of H&R Block during the first quarter worth approximately $199,000. Finally, Trexquant Investment LP purchased a new position in shares of H&R Block during the first quarter worth approximately $208,000. 90.26% of the stock is owned by institutional investors.
H&R Block, Inc. (NYSE HRB) opened at 26.48 on Monday. The company’s 50-day moving average is $28.70 and its 200 day moving average is $27.07. H&R Block, Inc. has a one year low of $19.85 and a one year high of $31.80. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 13.97 and a beta of 0.55.
H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.62). The business had revenue of $138.00 million for 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 business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.56) earnings per share. Equities analysts expect that H&R Block, Inc. will post $1.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Tuesday, September 12th. H&R Block’s dividend payout ratio (DPR) is currently 49.48%.
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In related news, SVP Kathryn M. Collins sold 2,931 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total transaction of $88,955.85. Following the sale, the senior vice president now directly owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.63% of the company’s stock.
Several analysts have recently weighed in on the stock. ValuEngine downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Zacks Investment Research raised H&R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of H&R Block in a report on Thursday, August 31st. BMO Capital Markets restated a “market perform” rating and set a $31.00 price objective on shares of H&R Block in a report on Thursday, August 31st. Finally, Northcoast Research restated a “neutral” rating on shares of H&R Block in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. H&R Block presently has a consensus rating of “Hold” and an average target price of $27.71.
H&R Block Profile
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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