Norinchukin Bank The Raises Holdings in H & R Block Inc (HRB)

Norinchukin Bank The grew its holdings in shares of H & R Block Inc (NYSE:HRB) by 11.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,434 shares of the company’s stock after purchasing an additional 2,733 shares during the quarter. Norinchukin Bank The’s holdings in H & R Block were worth $681,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HRB. Acadian Asset Management LLC boosted its holdings in H & R Block by 162.3% in the second quarter. Acadian Asset Management LLC now owns 192,538 shares of the company’s stock valued at $4,385,000 after acquiring an additional 119,140 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in H & R Block by 6.8% in the second quarter. Meeder Asset Management Inc. now owns 34,154 shares of the company’s stock valued at $778,000 after acquiring an additional 2,172 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in H & R Block by 2.4% in the second quarter. Janney Montgomery Scott LLC now owns 120,172 shares of the company’s stock valued at $2,738,000 after acquiring an additional 2,814 shares during the last quarter. Bessemer Group Inc. boosted its holdings in H & R Block by 30.3% in the second quarter. Bessemer Group Inc. now owns 113,711 shares of the company’s stock valued at $2,590,000 after acquiring an additional 26,455 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in H & R Block by 93.3% in the second quarter. BNP Paribas Arbitrage SA now owns 494,120 shares of the company’s stock valued at $11,256,000 after acquiring an additional 238,468 shares during the last quarter. Hedge funds and other institutional investors own 96.55% of the company’s stock.

NYSE:HRB opened at $27.95 on Monday. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.27 and a current ratio of 2.27. H & R Block Inc has a 12 month low of $22.45 and a 12 month high of $29.81. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 1.46 and a beta of 0.07.

H & R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, August 28th. The company reported ($0.72) EPS for the quarter, beating the consensus estimate of ($0.77) by $0.05. H & R Block had a negative return on equity of 461.55% and a net margin of 18.66%. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $137.57 million. During the same period last year, the company posted ($0.62) earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that H & R Block Inc will post 1.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, November 30th. H & R Block’s dividend payout ratio (DPR) is presently 33.56%.

In other H & R Block news, insider Thomas A. Gerke sold 70,000 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $26.54, for a total value of $1,857,800.00. Following the transaction, the insider now directly owns 68,073 shares of the company’s stock, valued at $1,806,657.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

HRB has been the topic of a number of research analyst reports. Zacks Investment Research reiterated a “hold” rating on shares of H & R Block in a report on Tuesday, November 13th. Morgan Stanley cut their price objective on H & R Block from $27.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, August 29th. ValuEngine raised H & R Block from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Barrington Research reissued a “buy” rating and issued a $27.00 price objective on shares of H & R Block in a research report on Thursday, August 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.67.

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H & R Block Profile

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

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