Tower Research Capital LLC TRC decreased its stake in shares of H & R Block Inc (NYSE:HRB) by 59.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,910 shares of the company’s stock after selling 10,224 shares during the period. Tower Research Capital LLC TRC’s holdings in H & R Block were worth $202,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. CENTRAL TRUST Co increased its position in H & R Block by 83.0% during the second quarter. CENTRAL TRUST Co now owns 915 shares of the company’s stock worth $26,000 after acquiring an additional 415 shares during the period. Rational Advisors LLC lifted its holdings in H & R Block by 8,750.0% during 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 acquired a new stake in H & R Block during the 2nd quarter valued at $46,000. CSat Investment Advisory L.P. lifted its holdings in H & R Block by 36.3% during the 1st quarter. CSat Investment Advisory L.P. now owns 2,253 shares of the company’s stock valued at $54,000 after purchasing an additional 600 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in H & R Block during the 2nd quarter valued at $55,000.
HRB stock traded up $0.39 during trading hours on Monday, hitting $23.81. 69,281 shares of the stock were exchanged, compared to its average volume of 3,865,376. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 6.14. The firm has a market capitalization of $4.77 billion, a P/E ratio of 11.07, a P/E/G ratio of 1.20 and a beta of 0.27. The company has a 50-day simple moving average of $25.90 and a two-hundred day simple moving average of $26.50. H & R Block Inc has a 12 month low of $22.96 and a 12 month high of $29.62.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Thursday, September 12th. H & R Block’s payout ratio is currently 48.37%.
In related news, VP Kellie J. Logerwell sold 3,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $28.68, for a total value of $86,040.00. Following the transaction, the vice president now owns 7,941 shares in the company, valued at $227,747.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is currently owned by company insiders.
Several equities research analysts have issued reports on the company. Morgan Stanley cut their price target on H & R Block from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. ValuEngine cut H & R Block from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. TheStreet cut H & R Block from a “b” rating to a “c+” rating in a research report on Wednesday, August 28th. Northcoast Research cut H & R Block from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 9th. Finally, Barrington Research lowered their price objective on H & R Block from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. H & R Block presently has an average rating of “Hold” and a consensus target price of $27.00.
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.
Featured Article: Asset Allocation and Your Retirement
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).
Receive News & Ratings for H & R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H & R Block and related companies with MarketBeat.com's FREE daily email newsletter.