Point72 Hong Kong Ltd Takes $6.06 Million Position in H&R Block, Inc. (NYSE:HRB)

Point72 Hong Kong Ltd purchased a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 95,425 shares of the company's stock, valued at approximately $6,064,000. Point72 Hong Kong Ltd owned 0.07% of H&R Block as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HRB. Charles Schwab Investment Management Inc. lifted its holdings in shares of H&R Block by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock valued at $313,735,000 after acquiring an additional 255,354 shares in the last quarter. Pacer Advisors Inc. raised its position in H&R Block by 52.2% in the second quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company's stock valued at $148,492,000 after purchasing an additional 939,270 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of H&R Block by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,484,417 shares of the company's stock worth $134,726,000 after purchasing an additional 23,792 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of H&R Block by 39.7% in the second quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company's stock worth $115,418,000 after buying an additional 606,250 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in shares of H&R Block by 1,630.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company's stock valued at $49,395,000 after buying an additional 732,359 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

H&R Block Stock Down 0.1 %

HRB stock traded down $0.05 during mid-day trading on Friday, hitting $59.28. 717,854 shares of the company were exchanged, compared to its average volume of 1,619,240. The firm has a fifty day simple moving average of $60.76 and a 200 day simple moving average of $58.03. The company has a market capitalization of $8.12 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.90 and a beta of 0.67. H&R Block, Inc. has a twelve month low of $42.28 and a twelve month high of $68.45. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The firm had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. During the same period in the prior year, the firm earned ($1.05) earnings per share. On average, research analysts forecast that H&R Block, Inc. will post 5.28 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.53%. H&R Block's payout ratio is 36.59%.

H&R Block announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, VP Kellie J. Logerwell sold 8,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the sale, the vice president now owns 18,474 shares of the company's stock, valued at $1,189,910.34. This trade represents a 30.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey J. Jones II sold 9,722 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total transaction of $613,166.54. Following the completion of the sale, the chief executive officer now owns 893,169 shares in the company, valued at $56,332,168.83. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.