Cornerstone Capital Management Holdings LLC. boosted its stake in H&R Block, Inc. (NYSE:HRB) by 130.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,092,810 shares of the company’s stock after buying an additional 618,312 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.52% of H&R Block worth $33,777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HRB. BlackRock Inc. lifted its holdings in H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock worth $762,078,000 after buying an additional 31,852,089 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of H&R Block by 247.1% during the second quarter. JPMorgan Chase & Co. now owns 3,065,584 shares of the company’s stock valued at $94,759,000 after purchasing an additional 2,182,306 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of H&R Block by 208.9% during the second quarter. Schroder Investment Management Group now owns 2,664,382 shares of the company’s stock valued at $82,277,000 after purchasing an additional 1,801,791 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of H&R Block by 5,390.7% during the second quarter. American Century Companies Inc. now owns 1,191,765 shares of the company’s stock valued at $36,837,000 after purchasing an additional 1,170,060 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of H&R Block during the second quarter valued at approximately $19,965,000. Institutional investors and hedge funds own 90.26% of the company’s stock.

Several research firms have recently issued reports on HRB. BidaskClub upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. BMO Capital Markets lifted their target price on shares of H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, June 16th. Barrington Research lifted their target price on shares of H&R Block from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, June 19th. BTIG Research reiterated a “sell” rating and set a $19.00 target price on shares of H&R Block in a report on Tuesday, August 29th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $30.00 target price (up from $29.00) on shares of H&R Block in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.33.

H&R Block, Inc. (HRB) traded down 1.615% during trading on Thursday, hitting $25.285. 1,393,585 shares of the stock traded hands. H&R Block, Inc. has a 12 month low of $19.85 and a 12 month high of $31.80. The firm has a 50-day moving average price of $27.38 and a 200 day moving average price of $27.29. The firm has a market cap of $5.29 billion, a PE ratio of 13.336 and a beta of 0.55.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, August 29th. The company reported ($0.62) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.62). H&R Block had a net margin of 13.19% and a negative return on equity of 101.42%. The company had revenue of $138.00 million during the quarter, compared to analysts’ expectations of $129.33 million. During the same quarter in the prior year, the company posted ($0.56) earnings per share. H&R Block’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts forecast that H&R Block, Inc. will post $1.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Wednesday, September 13th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a yield of 3.74%. H&R Block’s payout ratio is 49.48%.

In related news, SVP Kathryn M. Collins sold 2,931 shares of the 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 completion of the sale, the senior vice president now owns 17,372 shares of the company’s stock, valued at $527,240.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.63% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/05/hr-block-inc-hrb-shares-bought-by-cornerstone-capital-management-holdings-llc.html.

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.

Want to see what other hedge funds are holding HRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&R Block, Inc. (NYSE:HRB).

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

Receive News & Stock Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related stocks with our FREE daily email newsletter.