ING Groep NV Has $355,000 Position in H&R Block, Inc. (NYSE:HRB)

ING Groep NV increased its position in H&R Block, Inc. (NYSE:HRB) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,470 shares of the company’s stock after buying an additional 13 shares during the period. ING Groep NV’s holdings in H&R Block were worth $355,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Manhattan Co. increased its stake 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 in the last quarter. Nationwide Fund Advisors increased its stake 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 in the last quarter. Retirement Systems of Alabama increased its stake 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 in the last quarter. DnB Asset Management AS increased its stake 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 in the last quarter. Finally, National Investment Services Inc. WI increased its stake in shares of H&R Block by 19.9% in the first quarter. National Investment Services Inc. WI now owns 79,723 shares of the company’s stock worth $1,854,000 after buying an additional 13,230 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of H&R Block, Inc. (NYSE HRB) traded down 1.39% during midday trading on Friday, hitting $29.78. The company’s stock had a trading volume of 2,392,512 shares. The stock’s 50 day moving average is $30.63 and its 200-day moving average is $25.99. H&R Block, Inc. has a 52-week low of $19.85 and a 52-week high of $31.80. The firm has a market cap of $6.17 billion, a P/E ratio of 15.64 and a beta of 0.54.

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

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A number of equities research analysts recently issued reports on the company. BidaskClub raised H&R Block from a “hold” rating to a “buy” rating in a research report on Wednesday. BMO Capital Markets increased their price target on H&R Block from $26.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, June 16th. Barrington Research increased their price target on H&R Block from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, June 19th. Credit Suisse Group reissued a “neutral” rating and set a $29.00 price target (up previously from $27.00) on shares of H&R Block in a research report on Wednesday, June 14th. Finally, Morgan Stanley increased their price target on H&R Block from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. H&R Block presently has an average rating of “Hold” and an average target price of $27.67.

In other news, SVP Kathryn M. Collins sold 2,931 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $30.35, for a total transaction of $88,955.85. Following the completion of the transaction, the senior vice president now directly owns 17,372 shares in the company, valued at approximately $527,240.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William C. Cobb sold 300,700 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $31.11, for a total transaction of $9,354,777.00. Following the transaction, the insider now owns 852,158 shares of the company’s stock, valued at $26,510,635.38. The disclosure for this sale can be found here. Insiders have sold a total of 1,473,471 shares of company stock valued at $45,309,203 over the last 90 days. Company insiders own 0.63% of the company’s stock.

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.

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

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