Element Capital Management adds H & R Block Inc (HRB) to its portfolio

H & R Block Inc (HRB) : Element Capital Management added new position in H & R Block Inc during the most recent quarter end. The investment management firm now holds 629,338 shares of H & R Block Inc which is valued at $15,456,541 , the company said in a statement filed on Aug 15, 2016 with the SEC.H & R Block Inc makes up approximately 2.02% of Element Capital Management’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp sold out all of its stake in HRB during the most recent quarter. The investment firm sold 28,283 shares of HRB which is valued $694,630.Citadel Advisors boosted its stake in HRB in the latest quarter, The investment management firm added 149,019 additional shares and now holds a total of 1,135,813 shares of H & R Block Inc which is valued at $27,895,567. H & R Block Inc makes up approx 0.07% of Citadel Advisors’s portfolio.Pacad Investment Ltd. boosted its stake in HRB in the latest quarter, The investment management firm added 78,429 additional shares and now holds a total of 135,429 shares of H & R Block Inc which is valued at $3,326,136. H & R Block Inc makes up approx 0.44% of Pacad Investment Ltd.’s portfolio.Commerce Bank boosted its stake in HRB in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 70,485 shares of H & R Block Inc which is valued at $1,694,459. H & R Block Inc makes up approx 0.03% of Commerce Bank’s portfolio.

H & R Block Inc closed down -0.09 points or -0.42% at $21.57 with 49,78,080 shares getting traded on Thursday. Post opening the session at $21.7, the shares hit an intraday low of $21.49 and an intraday high of $21.91 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, H & R Block Inc reported $-0.55 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 30, 2016. Analyst had a consensus of $-0.54. The company had revenue of $125.00 million for the quarter, compared to analysts expectations of $132.20 million. The company’s revenue was down -9.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.35 EPS.

Investors should note that on Aug 25, 2016, H & R Block Inc announced a cash dividend of $0.2200. The company’s management has announced Sep 12, 2016 as the ex-dividend date and fixed the record date on Sep 14, 2016. The payable date has been fixed on Oct 3, 2016.

Many Wall Street Analysts have commented on H & R Block Inc. Macquarie Initiated H & R Block Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $28.

H&R Block Inc. (H&R Block) is a holding company. The Company through its subsidiaries provides tax preparation and other services. The Company provides assisted income tax return preparation digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States and its territories Canada and Australia. The Company offers a range of online tax services from tax advice to complete professional and DIY tax return preparation and electronic filing through its Website at www.hrblock.com. Services available at this Website allow clients to prepare their federal and state income tax returns using online tax program access tax tips advice and tax-related news and use calculators for tax planning. The Company develops and markets DIY desktop income tax preparation software. It develops and offers applications for mobile devices which provide tax and related services to clients.

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