Two Sigma Advisers LP lifted its position in H & R Block Inc (NYSE:HRB) by 63.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 283,800 shares of the company’s stock after purchasing an additional 110,308 shares during the period. Two Sigma Advisers LP owned about 0.14% of H & R Block worth $7,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IMS Capital Management bought a new stake in shares of H & R Block in the 3rd quarter worth about $26,000. Enlightenment Research LLC bought a new stake in H & R Block during the 4th quarter valued at about $38,000. ETF Managers Group LLC lifted its holdings in H & R Block by 15.8% during the 4th 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 in the last quarter. Atlas Capital Advisors LLC lifted its holdings in H & R Block by 21.6% during the 4th quarter. Atlas Capital Advisors LLC now owns 5,861 shares of the company’s stock valued at $149,000 after buying an additional 1,041 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new stake in H & R Block during the 4th quarter valued at about $185,000. 98.03% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on HRB shares. Goldman Sachs Group lowered shares of H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 price target for the company. in a report on Thursday, January 31st. Zacks Investment Research upgraded shares of H & R Block from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Thursday, January 24th. Finally, ValuEngine lowered shares of H & R Block from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $24.67.
H & R Block (NYSE:HRB) last released its earnings results on Thursday, March 7th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.03). The company had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $465.48 million. H & R Block had a return on equity of 829.18% and a net margin of 21.79%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.16) EPS. As a group, equities research analysts forecast that H & R Block Inc will post 1.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Friday, March 15th. H & R Block’s dividend payout ratio is presently 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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