Allianz Asset Management GmbH Buys 5,038 Shares of H&R Block, Inc. (NYSE:HRB)

Allianz Asset Management GmbH grew its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 6.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 83,816 shares of the company's stock after purchasing an additional 5,038 shares during the period. Allianz Asset Management GmbH owned about 0.06% of H&R Block worth $4,602,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its holdings in H&R Block by 42.9% during the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock worth $37,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of H&R Block by 129.2% in the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock valued at $83,000 after acquiring an additional 850 shares in the last quarter. GeoWealth Management LLC grew its holdings in shares of H&R Block by 87.0% in the fourth quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock valued at $85,000 after acquiring an additional 750 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of H&R Block in the fourth quarter valued at approximately $85,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of H&R Block by 11.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock valued at $144,000 after acquiring an additional 263 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HRB. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a report on Friday, April 25th. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group upped their target price on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a report on Thursday, May 8th.

H&R Block Trading Down 0.4%

H&R Block stock opened at $55.61 on Tuesday. H&R Block, Inc. has a 12 month low of $49.16 and a 12 month high of $68.45. The business's 50 day simple moving average is $56.12 and its 200 day simple moving average is $55.79. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 0.87 and a beta of 0.24.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, beating the consensus estimate of $5.12 by $0.26. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the business earned $4.94 earnings per share. H&R Block's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were paid a $0.375 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $1.50 annualized dividend and a yield of 2.70%. H&R Block's payout ratio is 36.76%.

H&R Block Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.

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