Nomura Holdings Inc. raised its position in H&R Block, Inc. (NYSE:HRB) by 186.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,523 shares of the company’s stock after buying an additional 77,759 shares during the period. Nomura Holdings Inc.’s holdings in H&R Block were worth $2,779,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock worth $762,078,000 after buying an additional 31,852,089 shares during the last quarter. Vanguard Group Inc. raised its stake in H&R Block by 1.7% in the first quarter. Vanguard Group Inc. now owns 20,813,812 shares of the company’s stock worth $483,921,000 after buying an additional 348,330 shares in the last quarter. State Street Corp raised its stake in H&R Block by 6.3% in the first quarter. State Street Corp now owns 10,668,894 shares of the company’s stock worth $248,052,000 after buying an additional 636,772 shares in the last quarter. Bank of New York Mellon Corp raised its stake in H&R Block by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 7,932,832 shares of the company’s stock worth $184,439,000 after buying an additional 685,702 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in H&R Block by 3.3% in the first quarter. First Eagle Investment Management LLC now owns 5,941,335 shares of the company’s stock worth $138,136,000 after buying an additional 191,368 shares in the last quarter. Hedge funds and other institutional investors own 94.34% of the company’s stock.
H&R Block, Inc. (NYSE HRB) traded down 0.30% during mid-day trading on Friday, hitting $29.92. 4,868,461 shares of the stock were exchanged. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 15.71 and a beta of 0.58. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $30.08. The stock has a 50 day moving average of $26.10 and a 200-day moving average of $23.55. H&R Block also was the recipient of some unusual options trading on Tuesday. Investors bought 4,672 put options on the stock. This represents an increase of approximately 373% compared to the typical daily volume of 987 put options.
H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, June 13th. The company reported $3.76 EPS for the quarter, beating the consensus estimate of $3.53 by $0.23. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.16 earnings per share. Equities analysts predict that H&R Block, Inc. will post $2.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 23rd will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, June 21st. This represents a $0.96 annualized dividend and a dividend yield of 3.21%. This is a positive change from H&R Block’s previous quarterly dividend of $0.22. H&R Block’s dividend payout ratio (DPR) is currently 43.78%.
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A number of research firms recently commented on HRB. BMO Capital Markets upped their price target on shares of H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a report on Friday. Credit Suisse Group reiterated a “neutral” rating and set a $29.00 price target (up from $27.00) on shares of H&R Block in a report on Wednesday. Morgan Stanley upped their price target on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday. BTIG Research upped their price target on shares of H&R Block from $17.00 to $19.00 and gave the company a “sell” rating in a report on Wednesday. Finally, Zacks Investment Research lowered shares of H&R Block from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.13.
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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