DNB Asset Management AS trimmed its holdings in shares of H & R Block Inc (NYSE:HRB) by 49.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,266 shares of the company’s stock after selling 20,100 shares during the quarter. DNB Asset Management AS’s holdings in H & R Block were worth $522,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of H & R Block by 103.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock worth $106,000 after buying an additional 2,369 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of H & R Block during the 2nd quarter worth approximately $109,000. Caption Management LLC acquired a new position in shares of H & R Block during the 2nd quarter worth approximately $114,000. Flagship Harbor Advisors LLC acquired a new position in shares of H & R Block during the 2nd quarter worth approximately $137,000. Finally, Hikari Power Ltd acquired a new position in shares of H & R Block during the 2nd quarter worth approximately $222,000. 95.34% of the stock is owned by institutional investors and hedge funds.
Shares of HRB stock opened at $25.81 on Friday. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.27 and a quick ratio of 2.27. The company has a market cap of $5.45 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 1.39 and a beta of 0.18. H & R Block Inc has a 1-year low of $22.45 and a 1-year high of $29.81.
The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Wednesday, September 12th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Tuesday, September 11th. H & R Block’s payout ratio is 33.56%.
In related news, insider Thomas A. Gerke sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $26.54, for a total transaction of $1,857,800.00. Following the completion of the sale, the insider now directly owns 68,073 shares in the company, valued at $1,806,657.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.
HRB has been the subject of several research analyst reports. Zacks Investment Research raised H & R Block from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Barrington Research reaffirmed a “buy” rating and set a $27.00 target price on shares of H & R Block in a research note on Thursday, August 23rd. Morgan Stanley reduced their target price on H & R Block from $27.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, August 29th. Finally, ValuEngine raised H & R Block from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.67.
H & R Block Company Profile
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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