Jefferies Financial Group Inc. Has $961,000 Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Key Points

• Jefferies Financial Group Inc. significantly increased its holdings in H&R Block by 267.8% in the first quarter, now owning 17,499 shares valued at $961,000 as of its most recent SEC filing.
• Several hedge funds have also increased their stakes in H&R Block, with institutional investors now holding 90.14% of the company's stock.
• H&R Block reported $5.38 earnings per share for the last quarter, exceeding analyst expectations and reflecting a 4.2% year-over-year revenue increase.

Jefferies Financial Group Inc. increased its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 267.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,499 shares of the company's stock after purchasing an additional 12,741 shares during the quarter. Jefferies Financial Group Inc.'s holdings in H&R Block were worth $961,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HRB. Bogart Wealth LLC increased its position in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock worth $37,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its stake in H&R Block by 129.2% in the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock worth $83,000 after purchasing an additional 850 shares during the period. GeoWealth Management LLC increased its holdings in H&R Block by 87.0% during the 4th quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock worth $85,000 after purchasing an additional 750 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of H&R Block in the 4th quarter valued at about $85,000. Finally, CIBC Private Wealth Group LLC lifted 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 purchasing an additional 263 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

H&R Block Stock Performance

HRB opened at $55.00 on Tuesday. The business's 50-day simple moving average is $55.80 and its 200 day simple moving average is $55.78. H&R Block, Inc. has a 52-week low of $49.16 and a 52-week high of $68.45. The firm has a market capitalization of $7.36 billion, a PE ratio of 13.48, a PEG ratio of 0.85 and a beta of 0.24.

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

About H&R Block

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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