Brinker Capital Inc. lowered its position in H&R Block, Inc. (NYSE:HRB) by 11.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,185 shares of the company’s stock after selling 3,153 shares during the period. Brinker Capital Inc.’s holdings in H&R Block were worth $589,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in HRB. Bronfman E.L. Rothschild L.P. raised its stake in shares of H&R Block by 4.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,531 shares of the company’s stock worth $128,000 after buying an additional 222 shares during the period. Virtus Investment Advisers Inc. bought a new stake in shares of H&R Block during the third quarter worth about $131,000. Toronto Dominion Bank raised its stake in shares of H&R Block by 397.0% in the third quarter. Toronto Dominion Bank now owns 6,446 shares of the company’s stock worth $149,000 after buying an additional 5,149 shares during the period. MSI Financial Services Inc raised its stake in shares of H&R Block by 122.4% in the third quarter. MSI Financial Services Inc now owns 7,438 shares of the company’s stock worth $172,000 after buying an additional 4,094 shares during the period. Finally, Creative Planning raised its stake in shares of H&R Block by 79.8% in the third quarter. Creative Planning now owns 8,235 shares of the company’s stock worth $191,000 after buying an additional 3,656 shares during the period. 96.63% of the stock is currently owned by institutional investors.
H&R Block, Inc. (NYSE:HRB) opened at 20.97 on Wednesday. H&R Block, Inc. has a 12 month low of $19.18 and a 12 month high of $35.14. The firm has a 50-day moving average price of $22.61 and a 200 day moving average price of $22.91. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 13.47 and a beta of 0.57.
H&R Block (NYSE:HRB) last posted its earnings results on Wednesday, December 7th. The company reported ($0.67) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.01. The firm had revenue of $131.30 million for the quarter, compared to analyst estimates of $126.93 million. H&R Block had a negative return on equity of 115.26% and a net margin of 11.52%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.51) earnings per share. On average, equities analysts forecast that H&R Block, Inc. will post $1.63 EPS for the current year.
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A number of equities research analysts have recently issued reports on the company. Wedbush reaffirmed a “neutral” rating and set a $25.00 target price on shares of H&R Block in a research report on Friday, December 9th. Credit Suisse Group reaffirmed a “hold” rating and set a $24.00 target price on shares of H&R Block in a research report on Monday, December 19th. BTIG Research lowered H&R Block from a “neutral” rating to a “sell” rating and set a $18.00 target price on the stock. in a research report on Monday, November 28th. Zacks Investment Research lowered H&R Block from a “hold” rating to a “sell” rating in a research report on Friday, February 10th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of H&R Block in a research report on Friday, December 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. H&R Block has an average rating of “Hold” and a consensus target price of $25.63.
About H&R Block
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company 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, Australia and their respective territories.
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