Robeco Institutional Asset Management B.V. lessened its stake in shares of H & R Block Inc (NYSE:HRB) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,300,116 shares of the company’s stock after selling 16,303 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.63% of H & R Block worth $32,987,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of HRB. IMS Capital Management purchased a new position in H & R Block in the third quarter worth $26,000. Enlightenment Research LLC purchased a new stake in shares of H & R Block during the fourth quarter valued at $38,000. Atlas Capital Advisors LLC purchased a new stake in shares of H & R Block during the third quarter valued at $122,000. ETF Managers Group LLC grew its holdings in shares of H & R Block by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 5,131 shares of the company’s stock valued at $130,000 after buying an additional 699 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in shares of H & R Block during the third quarter valued at $137,000. 99.12% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of H & R Block from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Monday. ValuEngine lowered shares of H & R Block from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Goldman Sachs Group lowered shares of H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 price objective on the stock. in a report on Thursday, January 31st. Finally, Morgan Stanley boosted their price objective on shares of H & R Block from $26.00 to $27.00 and gave the company a “hold” rating in a report on Friday, December 7th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.67.
H & R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.03). The firm had revenue of $468.00 million during the quarter, compared to analyst estimates of $465.48 million. H & R Block had a negative return on equity of 1,624.01% and a net margin of 17.90%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted ($1.16) EPS. Sell-side analysts anticipate that H & R Block Inc will post 1.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.14%. H & R Block’s dividend payout ratio (DPR) is currently 33.56%.
About H & R Block
H&R Block, Inc, through its subsidiaries, 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, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
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