82,600 Shares in H&R Block, Inc. (NYSE:HRB) Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec purchased a new position in H&R Block, Inc. (NYSE:HRB - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 82,600 shares of the company's stock, valued at approximately $5,249,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.06% of H&R Block as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of HRB. CWM LLC increased its holdings in shares of H&R Block by 270.7% in the 2nd quarter. CWM LLC now owns 16,319 shares of the company's stock valued at $885,000 after acquiring an additional 11,917 shares during the last quarter. Algert Global LLC increased its stake in H&R Block by 413.1% during the third quarter. Algert Global LLC now owns 72,110 shares of the company's stock valued at $4,583,000 after purchasing an additional 58,057 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock worth $313,735,000 after purchasing an additional 255,354 shares during the period. Caxton Associates LP lifted its position in shares of H&R Block by 280.5% in the 2nd quarter. Caxton Associates LP now owns 39,497 shares of the company's stock worth $2,142,000 after buying an additional 29,117 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of H&R Block by 156.3% in the 2nd quarter. NewEdge Advisors LLC now owns 29,220 shares of the company's stock valued at $1,585,000 after buying an additional 17,818 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Stock Performance

NYSE HRB traded down $0.96 on Tuesday, hitting $58.15. The stock had a trading volume of 1,398,212 shares, compared to its average volume of 1,623,893. The company's 50-day moving average is $60.66 and its two-hundred day moving average is $58.11. H&R Block, Inc. has a one year low of $42.28 and a one year high of $68.45. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 0.90 and a beta of 0.66. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.04). The business had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same period last year, the company earned ($1.05) earnings per share. On average, analysts expect that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block declared that its board has initiated a share repurchase program on Thursday, August 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 16.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be given a $0.375 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.58%. H&R Block's dividend payout ratio is presently 36.59%.

Insider Buying and Selling at H&R Block

In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $64.41, for a total transaction of $515,280.00. Following the completion of the transaction, the vice president now directly owns 18,474 shares of the company's stock, valued at approximately $1,189,910.34. This trade represents a 30.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of H&R Block from $39.00 to $44.00 and gave the stock a "sell" rating in a research note on Friday, August 16th. StockNews.com downgraded H&R Block from a "buy" rating to a "hold" rating in a report on Friday, August 16th. Finally, Barrington Research restated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a research note on Friday, November 8th.

H&R Block Company Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.