Robeco Institutional Asset Management B.V. Has $16.11 Million Stock Position in H&R Block, Inc. (NYSE:HRB)

Robeco Institutional Asset Management B.V. cut its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 38.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 293,294 shares of the company's stock after selling 179,818 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.22% of H&R Block worth $16,105,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. US Bancorp DE boosted its holdings in shares of H&R Block by 1.9% in the fourth quarter. US Bancorp DE now owns 12,358 shares of the company's stock valued at $653,000 after buying an additional 233 shares during the period. Avantax Advisory Services Inc. boosted its stake in H&R Block by 3.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 6,909 shares of the company's stock worth $365,000 after purchasing an additional 259 shares during the period. Bank of Nova Scotia increased its holdings in H&R Block by 4.4% during the 4th quarter. Bank of Nova Scotia now owns 6,170 shares of the company's stock worth $326,000 after purchasing an additional 261 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of H&R Block by 11.0% in the 4th 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 during the period. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of H&R Block by 7.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,846 shares of the company's stock valued at $203,000 after purchasing an additional 274 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

H&R Block Stock Performance

NYSE HRB traded up $0.09 during trading hours on Wednesday, hitting $55.87. 755,446 shares of the company traded hands, compared to its average volume of 1,392,915. The business's 50-day moving average is $57.47 and its 200-day moving average is $55.51. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 0.84 and a beta of 0.24. H&R Block, Inc. has a twelve month low of $49.16 and a twelve month high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last released 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. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.94 EPS. Analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be paid a $0.375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.50 annualized dividend and a yield of 2.68%. H&R Block's dividend payout ratio (DPR) is currently 36.76%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the sale, the chief executive officer owned 844,790 shares in the company, valued at $53,458,311.20. This represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company's stock.

H&R Block Company 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.