Jupiter Asset Management LTD Raised Block H & R INC (HRB) Position by $7.91 Million

October 13, 2018 - By Darrin Black

H&R Block, Inc. (NYSE:HRB) LogoInvestors sentiment increased to 1.03 in 2018 Q2. Its up 0.04, from 0.99 in 2018Q1. It is positive, as 41 investors sold HRB shares while 116 reduced holdings. 52 funds opened positions while 109 raised stakes. 186.51 million shares or 3.98% less from 194.23 million shares in 2018Q1 were reported. Cibc Asset Mgmt has 26,146 shares for 0% of their portfolio. Hightower Advisors Limited Com holds 0.01% in H&R Block, Inc. (NYSE:HRB) or 35,717 shares. Gabelli Funds Limited Liability Company accumulated 680,800 shares or 0.09% of the stock. Cubist Systematic Strategies Limited Liability Com holds 0.22% or 193,132 shares. Bessemer accumulated 113,711 shares. Cibc Ww Markets accumulated 32,046 shares. 34,154 were reported by Meeder Asset Management. Texas Permanent School Fund holds 0.02% or 51,052 shares in its portfolio. Pennsylvania, Pennsylvania-based fund reported 39,500 shares. Commerzbank Aktiengesellschaft Fi accumulated 88,934 shares. M&R Mngmt Inc has 1,486 shares. Employees Retirement Sys Of Texas owns 0.07% invested in H&R Block, Inc. (NYSE:HRB) for 227,000 shares. Ubs Asset Management Americas Incorporated holds 0% of its portfolio in H&R Block, Inc. (NYSE:HRB) for 1.76M shares. Jupiter Asset Limited holds 2.9% of its portfolio in H&R Block, Inc. (NYSE:HRB) for 4.34M shares. Ledyard Retail Bank holds 0% or 600 shares.

Since June 22, 2018, it had 1 buy, and 1 insider sale for $1.83 million activity. Gerard Robert A also bought $23,180 worth of H&R Block, Inc. (NYSE:HRB) on Friday, June 22.

Jupiter Asset Management Ltd increased its stake in Block H & R Inc (HRB) by 9.04% based on its latest 2018Q2 regulatory filing with the SEC. Jupiter Asset Management Ltd bought 359,700 shares as the company’s stock rose 5.19% with the market. The institutional investor held 4.34 million shares of the consumer services company at the end of 2018Q2, valued at $98.83M, up from 3.98 million at the end of the previous reported quarter. Jupiter Asset Management Ltd who had been investing in Block H & R Inc for a number of months, seems to be bullish on the $5.28 billion market cap company. The stock decreased 1.08% or $0.28 during the last trading session, reaching $25.69. About 2.47 million shares traded. H&R Block, Inc. (NYSE:HRB) has declined 3.77% since October 13, 2017 and is downtrending. It has underperformed by 19.39% the S&P500.

Jupiter Asset Management Ltd, which manages about $3.42 billion US Long portfolio, decreased its stake in Dowdupont Inc by 48,341 shares to 76,022 shares, valued at $5.01 million in 2018Q2, according to the filing. It also reduced its holding in State Bk Finl Corp (NASDAQ:STBZ) by 116,375 shares in the quarter, leaving it with 48,132 shares, and cut its stake in Marketaxess Hldgs Inc (NASDAQ:MKTX).

Another recent and important H&R Block, Inc. (NYSE:HRB) news was published by Seekingalpha.com which published an article titled: “H&R Block: A Predictable Business With Minimal Growth Prospects” on September 30, 2018.

H&R Block, Inc. (NYSE:HRB) Ratings Coverage

Among 3 analysts covering H&R Block (NYSE:HRB), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. H&R Block had 6 analyst reports since April 18, 2018 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, April 18. On Wednesday, August 29 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The rating was maintained by BTIG Research on Wednesday, June 20 with “Sell”. The rating was maintained by BMO Capital Markets with “Market Perform” on Wednesday, June 13. On Wednesday, June 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of H&R Block, Inc. (NYSE:HRB) earned “Equal-Weight” rating by Morgan Stanley on Thursday, April 26.

H&R Block, Inc. (NYSE:HRB) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.