Robeco Institutional Asset Management B.V.
Increased its holdings in H&R Block, INC (NYSE: HRB) during the third quarter by 105.6%, as stated in the most recent 13F filing with the Securities and Exchange Commission (SEC).
The corporation increased the total number of shares it owned at the end of the quarter to 985,038 by purchasing an additional 505,888 shares.
According to the most recent report that Robeco Institutional Asset Management B.V. submitted to the SEC, the company owned approximately 0.63% of H&R Block, which had a market value of $41,902,000 at the time of the report.
H&R Block (NYSE: HRB) released its most recent quarterly earnings report on February 7th, which was a Tuesday.
The company’s earnings per share for the quarter came in at $1.37%, which was $0.11 more than the consensus estimate of profits per share for the quarter, which was $1.48%.
The earnings for the quarter were reported in millions of dollars.
The company had a negative return on equity, totaling 337.61%, and the net margin for H&R Block was 14.57 percent.
The company’s quarterly sales brought in $166.40 million, which is significantly higher than the average prediction of $151.64 million based on the company’s previous performance.
Compared to the same period the previous year, the company’s earnings per share were down by $0.02 in the negative.
The growth in revenue for the third quarter was 4.8% higher than during the same period the previous year.
According to forecasts provided by specialists in the field of research, when the current financial year of H&R Block, INC comes to a close, the company will have generated earnings of $3.84 per share.
At the beginning of trading on Thursday, HRB share prices were sitting at $34.79 per share.
At the moment, the share price of the company is trading at $37.70, which is lower than the company’s 200-day simple moving average price of $40.24. Over the past 52 weeks, the share price of H&R Block, INC has moved in a range that has spanned from a low of $23.65 to a high of $48.76.
There is a correlation of 1.20 between the quick ratio and the current ratio, and there is a correlation of 7.03 between the debt-to-equity ratio.
Both ratios measure liquidity.
The company has a market value of $5.30 billion and a price-to-earnings ratio of 12.00.
These numbers indicate that the company is very valuable.
It has a beta of 0.67 and a price-to-earnings-growth ratio of 0.67, but its price-to-earnings-growth ratio is 0.74.
The company’s stock has recently been bought and sold by several other institutional investors and hedge funds.
These investors have been active in the market.
During the third quarter, BlackRock INC grew its holdings of H&R Block stock by 3.9%, bringing the total number of shares it possessed to a total of 1.1 million.
BlackRock INC now has 19,856,128 shares of the company’s stock, currently valued at $844,678,000, after purchasing an additional 751,766 shares during the period in question.
During the second quarter, FMR LLC increased the proportion of H&R Block stock owned by 58.0%. FMR LLC now has 12,781,335 shares of the company’s stock, valued at $451,436,000, after purchasing an additional 4,690,930 shares during the period in question. FMR LLC purchased these shares. State Street Corporation purchased a further 13.9% stake in H&R Block during the first three months of 2018.
After acquiring an additional 961,159 shares during the most recent period, State Street Corp. now holds 7,889,986 shares.
The value of these shares, when added together, equals $207,444,000.
During the first three months of this year, Lazard Asset Management LLC increased the percentage of H&R Block stock that it held by 0.7%.
Lazard Asset Management LLC now has 5,944,998 shares of the company’s stock, currently valued at $154,807,000, following the acquisition of an additional 40,977 shares during the most recent period.
During the first three months of this year, Charles Schwab Investment Management INC increased the amount of H&R Block stock owned by 186.5%, making this the last and most important point. Charles Schwab Investment Management INC now has 2,969,445 shares of the company’s stock, currently valued at $77,325,000, following the acquisition of an additional 1,933,031 shares throughout the most recent period. Hedge funds and other institutional investors have a combined ownership stake in the company equal to 90.05 percent of its total shares.
In addition, the business has recently announced that it will provide shareholders with a dividend every quarter, and the first one of these payments is scheduled to be made on April 5th.
There will be a dividend payment of $0.29 per share, and it will be distributed to shareholders of record on March 7th.
This equates to a dividend payment of $1.16 per year and a yield of 3.33% when expressed in terms of a year’s worth of dividends.
The outcome of the vote to determine whether or not this dividend will be distributed will take place on Monday, March 6th.
The dividend payout ratio (DPR) for H&R Block has been recently established at 40 percent.
Several research analysts working on the project have written and distributed recent reports on the company.
Barrington Research reaffirmed its “outperform” rating on shares of H&R Block and set a price objective of $48.00 for the company in a research note published on February 8th.
The research note also included an objective price for the company’s stock of $48.00. Goldman Sachs Group raised its price objective for H&R Block from $25.00 to $28.00 and assigned the company a “sell” rating in a research report that was made public on February 8th.
The company was the subject of the study.
In the end, it was revealed that StockNews.com would cover H&R Block in a research note published on Thursday.
They encouraged shareholders to “keep” the stock in their holdings rather than sell it.