H&R Block, Inc. (HRB) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in H&R Block, Inc. (NYSE:HRB) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,027,986 shares of the company’s stock after buying an additional 42,353 shares during the period. Dimensional Fund Advisors LP owned approximately 0.50% of H&R Block worth $23,900,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. IFC Holdings Incorporated FL raised its position in shares of H&R Block by 10.1% in the first quarter. IFC Holdings Incorporated FL now owns 21,221 shares of the company’s stock worth $493,000 after buying an additional 1,948 shares during the period. First Manhattan Co. raised its position in shares of H&R Block by 201.7% in the first quarter. First Manhattan Co. now owns 903,045 shares of the company’s stock worth $20,905,000 after buying an additional 603,708 shares during the period. Nationwide Fund Advisors raised its position in shares of H&R Block by 18.0% in the first quarter. Nationwide Fund Advisors now owns 385,443 shares of the company’s stock worth $8,962,000 after buying an additional 58,914 shares during the period. Retirement Systems of Alabama raised its position in shares of H&R Block by 16.2% in the first quarter. Retirement Systems of Alabama now owns 335,556 shares of the company’s stock worth $7,802,000 after buying an additional 46,778 shares during the period. Finally, DnB Asset Management AS raised its position in shares of H&R Block by 28.3% in the first quarter. DnB Asset Management AS now owns 17,666 shares of the company’s stock worth $411,000 after buying an additional 3,900 shares during the period. 91.45% of the stock is currently owned by institutional investors.

Shares of H&R Block, Inc. (HRB) opened at 29.78 on Friday. The stock has a 50 day moving average of $30.63 and a 200 day moving average of $25.99. H&R Block, Inc. has a 12 month low of $19.85 and a 12 month high of $31.80. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 15.64 and a beta of 0.54.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.23. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.16 EPS. On average, equities research analysts expect that H&R Block, Inc. will post $1.99 EPS for the current fiscal year.

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A number of equities analysts have recently issued reports on HRB shares. BidaskClub downgraded shares of H&R Block from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded shares of H&R Block from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Wednesday, May 24th. Morgan Stanley raised their target price on shares of H&R Block from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 14th. BMO Capital Markets raised their target price on shares of H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, June 16th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $29.00 price objective (up from $27.00) on shares of H&R Block in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.67.

In related news, insider William C. Cobb sold 750,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $30.40, for a total value of $22,800,000.00. Following the completion of the sale, the insider now owns 1,301,458 shares of the company’s stock, valued at approximately $39,564,323.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tom D. Seip sold 6,300 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $29.84, for a total value of $187,992.00. Following the completion of the sale, the director now directly owns 91,071 shares of the company’s stock, valued at approximately $2,717,558.64. The disclosure for this sale can be found here. Insiders sold a total of 1,473,471 shares of company stock worth $45,309,203 in the last quarter. 0.63% of the stock is owned by corporate insiders.

H&R Block Company Profile

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.

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

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