Skandinaviska Enskilda Banken AB publ Purchases 5,300 Shares of H&R Block, Inc. (NYSE:HRB)

Posted by Defense World Staff on Feb 24th, 2023

Skandinaviska Enskilda Banken AB publ grew its stake in H&R Block, Inc. (NYSE:HRB – Get Rating) by 29.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,300 shares of the company’s stock after purchasing an additional 5,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in H&R Block were worth $991,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HRB. FMR LLC raised its holdings in H&R Block by 58.0% in the 2nd quarter. FMR LLC now owns 12,781,335 shares of the company’s stock worth $451,436,000 after purchasing an additional 4,690,930 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in H&R Block by 186.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,969,445 shares of the company’s stock worth $77,325,000 after purchasing an additional 1,933,031 shares in the last quarter. Renaissance Technologies LLC bought a new position in H&R Block in the 2nd quarter worth $47,428,000. State Street Corp raised its holdings in H&R Block by 13.9% in the 1st quarter. State Street Corp now owns 7,889,986 shares of the company’s stock worth $207,444,000 after purchasing an additional 961,159 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of H&R Block by 514.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,043,634 shares of the company’s stock worth $36,298,000 after buying an additional 873,787 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 18,009 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $42.11, for a total transaction of $758,358.99. Following the sale, the chief executive officer now owns 657,977 shares of the company’s stock, valued at approximately $27,707,411.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

H&R Block Stock Performance

Shares of HRB stock opened at $37.66 on Friday. H&R Block, Inc. has a one year low of $23.03 and a one year high of $48.76. The company’s 50-day moving average is $38.19 and its 200 day moving average is $41.17. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 0.78 and a beta of 0.67. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.20 and a current ratio of 1.20.

H&R Block (NYSE:HRB – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The company reported ($1.37) EPS for the quarter, beating the consensus estimate of ($1.48) by $0.11. H&R Block had a net margin of 14.57% and a negative return on equity of 337.61%. The company had revenue of $166.40 million for the quarter, compared to the consensus estimate of $151.64 million. During the same period in the prior year, the firm posted ($1.02) EPS. H&R Block’s revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts expect that H&R Block, Inc. will post 3.81 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Tuesday, March 7th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Monday, March 6th. H&R Block’s payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HRB shares. The Goldman Sachs Group upped their target price on shares of H&R Block from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Wednesday, February 8th. Barrington Research reaffirmed an “outperform” rating and issued a $48.00 target price on shares of H&R Block in a research report on Wednesday, February 8th. Finally, TheStreet downgraded shares of H&R Block from a “b” rating to a “d+” rating in a research report on Tuesday, November 1st.

H&R Block Company Profile

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H&R Block, Inc engages in the provision of tax preparation and other services. The firm offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail, and provides DIY tax services, including federal and state income tax returns, access to tax tips, advice, and tax-related news, use of calculators for tax planning, and error checking and electronic filing.

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

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