The DnB Asset Management AS Has $314,000 Stake in H&R Block Inc. (HRB)

The DnB Asset Management AS Has $314,000 Stake in H&R Block Inc. (HRB)

DnB Asset Management AS maintained its position in shares of H&R Block Inc. (NYSE:HRB) during the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,566 shares of the company’s stock at the end of the third quarter. DnB Asset Management AS’s holdings in H&R Block were worth $314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC boosted its position in shares of H&R Block by 34.0% in the second quarter. FMR LLC now owns 17,027,724 shares of the company’s stock worth $391,638,000 after buying an additional 4,315,751 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of H&R Block by 21.4% in the second quarter. Artisan Partners Limited Partnership now owns 4,349,421 shares of the company’s stock valued at $100,037,000 after buying an additional 766,466 shares in the last quarter. BlackRock Investment Management LLC raised its position in shares of H&R Block by 6.6% in the second quarter. BlackRock Investment Management LLC now owns 2,391,426 shares of the company’s stock valued at $55,003,000 after buying an additional 149,056 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of H&R Block by 22.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,377,825 shares of the company’s stock valued at $54,689,000 after buying an additional 437,875 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of H&R Block by 23.4% in the second quarter. BlackRock Inc. now owns 2,070,049 shares of the company’s stock valued at $47,610,000 after buying an additional 392,604 shares in the last quarter. Institutional investors own 97.46% of the company’s stock.

Shares of H&R Block Inc. (NYSE:HRB) traded down 0.56% during mid-day trading on Friday, hitting $23.14. The stock had a trading volume of 1,399,236 shares. The stock’s 50-day moving average is $23.10 and its 200 day moving average is $23.16. H&R Block Inc. has a 1-year low of $19.18 and a 1-year high of $35.14. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 14.86 and a beta of 0.56.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Wednesday, December 7th. The company reported ($0.67) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.01. The business earned $131.30 million during the quarter, compared to the consensus estimate of $126.93 million. H&R Block had a net margin of 11.52% and a negative return on equity of 115.26%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.51) earnings per share. Equities research analysts predict that H&R Block Inc. will post $1.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Monday, December 5th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.80%. The ex-dividend date was Thursday, December 1st. H&R Block’s dividend payout ratio is presently 57.14%.

HRB has been the subject of several analyst reports. Zacks Investment Research raised H&R Block from a “sell” rating to a “hold” rating in a research report on Tuesday, November 1st. Morgan Stanley lowered H&R Block from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $26.00 to $25.00 in a research report on Wednesday, November 16th. BTIG Research lowered H&R Block from a “neutral” rating to a “sell” rating and set a $18.00 target price for the company. in a research report on Monday, November 28th. Wedbush reaffirmed a “neutral” rating and set a $25.00 target price on shares of H&R Block in a research report on Friday, December 9th. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of H&R Block in a research report on Friday, December 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. H&R Block currently has a consensus rating of “Hold” and a consensus price target of $25.63.

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.

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