NN Investment Partners Holdings N.V. decreased its holdings in H & R Block Inc (NYSE:HRB) by 98.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,591 shares of the company’s stock after selling 251,387 shares during the period. NN Investment Partners Holdings N.V.’s holdings in H & R Block were worth $118,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Capital Fund Management S.A. acquired a new position in shares of H & R Block in the second quarter worth $5,308,000. Dimensional Fund Advisors LP grew its stake in shares of H & R Block by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,183,315 shares of the company’s stock worth $26,956,000 after acquiring an additional 10,824 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in shares of H & R Block in the second quarter worth $1,024,000. Northern Trust Corp grew its stake in shares of H & R Block by 5.3% in the second quarter. Northern Trust Corp now owns 3,284,789 shares of the company’s stock worth $74,828,000 after acquiring an additional 166,316 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of H & R Block by 2.8% in the second quarter. Great West Life Assurance Co. Can now owns 722,401 shares of the company’s stock worth $16,489,000 after acquiring an additional 19,670 shares in the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.
Shares of HRB stock opened at $28.33 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 firm has a market cap of $5.63 billion, a P/E ratio of 9.51, a PEG ratio of 1.43 and a beta of 0.07. H & R Block Inc has a 12 month low of $22.45 and a 12 month high of $29.81.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.53%. H & R Block’s payout ratio is currently 33.56%.
In related news, insider Thomas A. Gerke sold 70,000 shares of the business’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $26.54, for a total transaction of $1,857,800.00. Following the completion of the transaction, the insider now owns 68,073 shares in the company, valued at $1,806,657.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.
Several research firms have commented on HRB. ValuEngine upgraded shares of H & R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Zacks Investment Research upgraded shares of H & R Block from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, October 9th. Morgan Stanley lowered their target price on shares of 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, Barrington Research reiterated a “buy” rating and set a $27.00 target price on shares of H & R Block in a research note on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. H & R Block currently has an average rating of “Hold” and a consensus price target of $25.67.
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About H & R Block
H&R Block, Inc engages in the provision of tax preparation and other services. It offers assisted and do-it-yourself tax return preparation solutions through multiple channels and distribute the H&R block-branded financial products and services, including those of its financial partners, to the general public primarily in the United States, Canada, and Australia.
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