325,323 Shares in H & R Block Inc (NYSE:HRB) Bought by MUFG Securities EMEA plc

MUFG Securities EMEA plc acquired a new position in H & R Block Inc (NYSE:HRB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 325,323 shares of the company’s stock, valued at approximately $9,532,000. MUFG Securities EMEA plc owned 0.16% of H & R Block at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. CENTRAL TRUST Co boosted its holdings in shares of H & R Block by 83.0% during the second quarter. CENTRAL TRUST Co now owns 915 shares of the company’s stock valued at $26,000 after acquiring an additional 415 shares during the period. Quadrant Capital Group LLC lifted its position in H & R Block by 233.4% in the 1st quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock valued at $31,000 after purchasing an additional 950 shares during the last quarter. Rational Advisors LLC lifted its position in H & R Block by 8,750.0% in the 1st quarter. Rational Advisors LLC now owns 1,416 shares of the company’s stock valued at $34,000 after purchasing an additional 1,400 shares during the last quarter. Tiverton Asset Management LLC bought a new stake in H & R Block in the 2nd quarter valued at about $46,000. Finally, Pearl River Capital LLC acquired a new position in H & R Block during the 2nd quarter valued at about $55,000.

In related news, VP Kellie J. Logerwell sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $28.68, for a total transaction of $86,040.00. Following the transaction, the vice president now owns 7,941 shares in the company, valued at $227,747.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is owned by company insiders.

HRB has been the subject of several recent analyst reports. Barrington Research decreased their target price on shares of H & R Block from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Northcoast Research cut H & R Block from a “buy” rating to a “neutral” rating in a report on Tuesday, July 9th. Morgan Stanley reduced their price objective on H & R Block from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Zacks Investment Research lowered H & R Block from a “hold” rating to a “sell” rating and set a $28.00 price objective for the company. in a report on Wednesday, May 29th. Finally, ValuEngine cut H & R Block from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Shares of NYSE HRB traded up $0.14 during midday trading on Wednesday, reaching $24.59. 2,357,472 shares of the company traded hands, compared to its average volume of 3,499,448. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.22 and a beta of 0.27. The stock has a 50-day moving average price of $26.55 and a 200 day moving average price of $26.51. H & R Block Inc has a 52 week low of $22.96 and a 52 week high of $29.62. The company has a debt-to-equity ratio of 6.14, a current ratio of 1.29 and a quick ratio of 2.16.

H & R Block (NYSE:HRB) last announced its earnings results on Wednesday, August 28th. The company reported ($0.72) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.75) by $0.03. The firm had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.35 million. H & R Block had a net margin of 13.71% and a return on equity of 305.29%. H & R Block’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.72) EPS. As a group, analysts expect that H & R Block Inc will post 1.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Thursday, September 12th. H & R Block’s dividend payout ratio (DPR) is presently 48.37%.

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

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