Financial Counselors Inc. decreased its holdings in H & R Block Inc (NYSE:HRB) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 230,184 shares of the company’s stock after selling 1,934 shares during the quarter. Financial Counselors Inc. owned about 0.11% of H & R Block worth $5,840,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. IMS Capital Management acquired a new stake in H & R Block in the third quarter valued at $26,000. Tower Research Capital LLC TRC grew its holdings in H & R Block by 103.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock valued at $106,000 after purchasing an additional 2,369 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in H & R Block in the third quarter valued at $122,000. First Hawaiian Bank acquired a new stake in H & R Block in the third quarter valued at $137,000. Finally, Quantamental Technologies LLC acquired a new stake in H & R Block in the fourth quarter valued at $185,000. Hedge funds and other institutional investors own 94.88% of the company’s stock.
HRB opened at $23.93 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 7.79. The firm has a market cap of $4.85 billion, a P/E ratio of 8.03, a P/E/G ratio of 1.21 and a beta of 0.11. H & R Block Inc has a 52 week low of $22.45 and a 52 week high of $29.81.
H & R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, December 6th. The company reported ($0.83) EPS for the quarter, beating analysts’ consensus estimates of ($0.93) by $0.10. The business had revenue of $149.00 million for the quarter, compared to analyst estimates of $139.80 million. H & R Block had a negative return on equity of 1,624.01% and a net margin of 17.90%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.71) earnings per share. Equities analysts predict that H & R Block Inc will post 1.95 earnings per share for the current fiscal year.
Several research firms have weighed in on HRB. Zacks Investment Research reissued a “hold” rating on shares of H & R Block in a report on Tuesday, November 13th. Goldman Sachs Group lowered H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 target price on the stock. in a report on Thursday, January 31st. Morgan Stanley upped their target price on H & R Block from $26.00 to $27.00 and gave the company a “hold” rating in a report on Friday, December 7th. Finally, ValuEngine lowered H & R Block from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. H & R Block presently has a consensus rating of “Hold” and a consensus target price of $24.53.
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H & R Block 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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