Loudon Investment Management LLC decreased its stake in shares of H & R Block Inc (NYSE:HRB) by 94.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,265 shares of the company’s stock after selling 40,515 shares during the quarter. Loudon Investment Management LLC’s holdings in H & R Block were worth $528,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in HRB. Bank of New York Mellon Corp increased its stake in H & R Block by 19.2% during the fourth quarter. Bank of New York Mellon Corp now owns 8,417,662 shares of the company’s stock worth $213,556,000 after acquiring an additional 1,355,760 shares during the last quarter. Swedbank grew its stake in shares of H & R Block by 0.4% in the first quarter. Swedbank now owns 5,195,264 shares of the company’s stock valued at $124,375,000 after buying an additional 18,193 shares in the last quarter. Northern Trust Corp grew its stake in shares of H & R Block by 18.4% in the fourth quarter. Northern Trust Corp now owns 4,052,563 shares of the company’s stock valued at $102,813,000 after buying an additional 628,483 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of H & R Block by 233.5% in the third quarter. JPMorgan Chase & Co. now owns 3,768,828 shares of the company’s stock valued at $97,048,000 after buying an additional 2,638,607 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of H & R Block by 12.0% in the fourth quarter. Geode Capital Management LLC now owns 3,253,810 shares of the company’s stock valued at $82,432,000 after buying an additional 349,292 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Goldman Sachs Group cut H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 price objective for the company. in a research note on Thursday, January 31st. Zacks Investment Research upgraded H & R Block from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Thursday, January 24th. Finally, ValuEngine lowered H & R Block from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. H & R Block presently has a consensus rating of “Hold” and an average price target of $24.67.
H & R Block (NYSE:HRB) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.03). The business had revenue of $468.00 million for the quarter, compared to analysts’ expectations of $465.48 million. H & R Block had a return on equity of 829.18% and a net margin of 21.79%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm earned ($1.16) earnings per share. Equities analysts anticipate that H & R Block Inc will post 1.98 earnings per share for the current year.
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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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