Alpha Omega Wealth Management buys $1,724,220 stake in H & R Block Inc (HRB)

H & R Block Inc (HRB) : Alpha Omega Wealth Management scooped up 3,941 additional shares in H & R Block Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 72,355 shares of H & R Block Inc which is valued at $1,724,220.H & R Block Inc makes up approximately 1.44% of Alpha Omega Wealth Management’s portfolio.

H & R Block Inc closed down -3.23 points or -13.56% at $20.59 with 1,61,32,224 shares getting traded on Wednesday. Post opening the session at $21.84, the shares hit an intraday low of $19.75 and an intraday high of $21.84 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in HRB by selling 5,871 shares or 85.1% in the most recent quarter. The Hedge Fund company now holds 1,028 shares of HRB which is valued at $24,497. Windward Capital Management Co Ca sold out all of its stake in HRB during the most recent quarter. The investment firm sold 7,284 shares of HRB which is valued $173,578. Simplex Trading added HRB to its portfolio by purchasing 2,076 company shares during the most recent quarter which is valued at $49,554. H & R Block Inc makes up approx 0.01% of Simplex Trading’s portfolio.Capital Investment Advisors boosted its stake in HRB in the latest quarter, The investment management firm added 8,730 additional shares and now holds a total of 20,815 shares of H & R Block Inc which is valued at $496,854. H & R Block Inc makes up approx 0.05% of Capital Investment Advisors’s portfolio.

On the company’s financial health, H & R Block Inc reported $-0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Mar 3, 2016. Analyst had a consensus of $-0.24. The company had revenue of $475.00 million for the quarter, compared to analysts expectations of $506.41 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on H & R Block Inc. H & R Block Inc was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016. Shares were Downgraded by Wedbush on Mar 4, 2016 to ” Neutral” and Lowered the Price Target to $ 32 from a previous price target of $46 .Shares were Downgraded by BMO Capital Markets on Mar 4, 2016 to ” Market Perform” and Lowered the Price Target to $ 32 from a previous price target of $40 .

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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