National Bank of Canada FI Cuts Stake in H&R Block, Inc. (NYSE:HRB)

National Bank of Canada FI cut its holdings in H&R Block, Inc. (NYSE:HRB) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,843 shares of the company’s stock after selling 405 shares during the period. National Bank of Canada FI’s holdings in H&R Block were worth $371,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new stake in shares of H&R Block during the third quarter valued at approximately $1,821,000. Algert Global LLC grew its stake in H&R Block by 413.1% during the third quarter. Algert Global LLC now owns 72,110 shares of the company’s stock valued at $4,583,000 after acquiring an additional 58,057 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after acquiring an additional 255,354 shares during the last quarter. Caxton Associates LP lifted its stake in H&R Block by 280.5% in the 2nd quarter. Caxton Associates LP now owns 39,497 shares of the company’s stock worth $2,142,000 after purchasing an additional 29,117 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of H&R Block by 156.3% during the 2nd quarter. NewEdge Advisors LLC now owns 29,220 shares of the company’s stock valued at $1,585,000 after purchasing an additional 17,818 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Friday, November 8th.

H&R Block Trading Down 0.9 %

HRB stock opened at $55.50 on Monday. The firm has a fifty day moving average price of $59.53 and a 200 day moving average price of $58.43. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The firm has a market cap of $7.61 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 0.86 and a beta of 0.66. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The business had revenue of $193.81 million during the quarter, compared to analysts’ expectations of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same period in the previous year, the business earned ($1.05) earnings per share. Sell-side analysts anticipate that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.70%. H&R Block’s dividend payout ratio (DPR) is presently 36.59%.

H&R Block Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.