Metropolitan Life Insurance Co NY cut its position in shares of H & R Block Inc (NYSE:HRB) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,653 shares of the company’s stock after selling 585 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in H & R Block were worth $748,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. acquired a new position in shares of H & R Block during the 3rd quarter valued at $33,000. Tiverton Asset Management LLC acquired a new stake in H & R Block in the 2nd quarter valued at $46,000. Pearl River Capital LLC purchased a new position in H & R Block in the second quarter valued at about $55,000. Rational Advisors LLC raised its position in H & R Block by 4,454.9% in the third quarter. Rational Advisors LLC now owns 2,323 shares of the company’s stock valued at $55,000 after purchasing an additional 2,272 shares during the period. Finally, North Star Investment Management Corp. purchased a new position in H & R Block in the third quarter valued at about $57,000.
Several equities research analysts have recently weighed in on HRB shares. TheStreet downgraded H & R Block from a “b” rating to a “c+” rating in a research report on Wednesday, August 28th. Barrington Research reiterated a “buy” rating and issued a $30.00 target price on shares of H & R Block in a research note on Monday, December 2nd. Jefferies Financial Group began coverage on H & R Block in a report on Wednesday, November 27th. They set a “hold” rating and a $28.00 target price on the stock. Morgan Stanley reduced their price target on H & R Block from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, ValuEngine upgraded H & R Block from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. H & R Block has a consensus rating of “Hold” and a consensus target price of $27.00.
H & R Block (NYSE:HRB) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.85) EPS for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.07. The firm had revenue of $161.00 million for the quarter, compared to analyst estimates of $162.90 million. H & R Block had a net margin of 13.28% and a return on equity of 332.04%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.83) EPS. On average, analysts forecast that H & R Block Inc will post 2.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.04 annualized dividend and a dividend yield of 4.50%. H & R Block’s dividend payout ratio is presently 48.37%.
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.
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