Some Traders See Unusual Bullish Options Activity in H & R Block Inc

 Some Traders See Unusual Bullish Options Activity in H & R Block Inc

In today’s session H & R Block Inc (HRB) registered an unusually high (500) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious HRB increase. With 500 contracts traded and 59134 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: HRB170120C00025000 closed last at: $0.3 or 60% down. About 107,729 shares traded hands. H & R Block Inc (NYSE:HRB) has risen 8.69% since April 27, 2016 and is uptrending. It has outperformed by 3.47% the S&P500.

Analysts await H & R Block Inc (NYSE:HRB) to report earnings on December, 7 after the close. They expect $-0.68 earnings per share, down 33.33% or $0.17 from last year’s $-0.51 per share. After $-0.55 actual earnings per share reported by H & R Block Inc for the previous quarter, Wall Street now forecasts 23.64% negative EPS growth.

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

Out of 10 analysts covering H & R Block (NYSE:HRB), 4 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 40% are positive. $46 is the highest target while $18 is the lowest. The $32.88 average target is 47.38% above today’s ($22.31) stock price. H & R Block has been the topic of 16 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The stock of H & R Block Inc (NYSE:HRB) earned “Buy” rating by BTIG Research on Thursday, September 3. The company was downgraded on Monday, November 28 by BTIG Research. The company was maintained on Thursday, September 3 by Piper Jaffray. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, November 16. On Friday, September 4 the stock rating was maintained by Barrington Research with “Outperform”. The stock of H & R Block Inc (NYSE:HRB) has “Buy” rating given on Tuesday, August 25 by BTIG Research. The firm earned “Buy” rating on Thursday, September 3 by Oppenheimer. Sterne Agee CRT initiated it with “Neutral” rating and $33 target price in Tuesday, May 3 report. On Wednesday, April 27 the stock rating was downgraded by Oppenheimer to “Perform”. Macquarie Research initiated the stock with “Outperform” rating in Friday, August 26 report.

According to Zacks Investment Research, “H&R Block Inc. is a diversified company involved in tax return preparation, electronic filing of income tax returns and other tax-related services. The Company’s subsidiaries also offer investment services through broker-dealers, originate, purchase, service, sell and securitize mortgages, offer personal productivity software, purchase participation interests in refund anticipation loans made by a third-party lender, and offer accounting, tax and consulting services to business clients.”

Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.05, from 1.01 in 2016Q1. The ratio dropped, as 66 funds sold all H & R Block Inc shares owned while 117 reduced positions. 51 funds bought stakes while 134 increased positions. They now own 197.59 million shares or 2.23% less from 202.10 million shares in 2016Q1.
Aqr Cap Mngmt Lc, a Connecticut-based fund reported 1.00M shares. Hbk Invs Lp has invested 0.07% of its portfolio in H & R Block Inc (NYSE:HRB). Citigroup, a New York-based fund reported 88,264 shares. Hm Payson Company accumulated 0.01% or 9,871 shares. Mufg Americas Hldg owns 322 shares or 0% of their US portfolio. The United Kingdom-based Gulf Savings Bank (Uk) has invested 0.03% in H & R Block Inc (NYSE:HRB). Moreover, Bartlett & Ltd has 0% invested in H & R Block Inc (NYSE:HRB) for 1,963 shares. Gemmer Asset Mgmt Limited Company, a California-based fund reported 72 shares. Keybank Association Oh holds 0% of its portfolio in H & R Block Inc (NYSE:HRB) for 27,306 shares. Villere St Denis J & Ltd Liability Corporation holds 168,200 shares or 0.23% of its portfolio. Rhumbline Advisers owns 325,566 shares or 0.02% of their US portfolio. Glg Limited holds 14,858 shares or 0.03% of its portfolio. Ns Advisors Limited Liability Com has invested 15.3% of its portfolio in H & R Block Inc (NYSE:HRB). Veritable Limited Partnership accumulated 0.01% or 12,325 shares. Atwood & Palmer owns 1,146 shares or 0% of their US portfolio.

Insider Transactions: Since June 13, 2016, the stock had 3 insider purchases, and 1 sale for $160,699 net activity. 16,067 shares were sold by Brown Jeffrey, worth $367,263. The insider Gerard Robert A bought $46,652. 4,618 shares were bought by Macfarlane Gregory J, worth $99,999 on Thursday, September 1. $59,913 worth of H & R Block Inc (NYSE:HRB) was bought by Brown Paul J.

H&R Block, Inc. , through its subsidiaries, provides tax preparation and other services. The company has a market cap of $5.01 billion. The Firm 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, Canada, Australia and their respective territories. It has a 13.68 P/E ratio. Assisted income tax return preparation and related services are provided by tax professionals through a system of retail offices operated directly by the Company or its franchisees.

HRB Company Profile

H&R Block, Inc. (H&R Block), incorporated on July 27, 1955, through its subsidiaries, provides tax preparation and other services. The Firm 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, Canada, Australia and their respective territories. Assisted income tax return preparation and related services are provided by tax professionals through a system of retail offices operated directly by the Company or its franchisees. It offers tax support, planning, and business accounting and advisory services to its clients. The Firm offers a range of online tax services, including preparation of federal and state income tax returns, review of tax returns by a tax professional, access to tax tips, advice and tax-related news, use of calculators for tax planning, error checking and electronic filing.

More news for H & R Block Inc (NYSE:HRB) were recently published by: Investorplace.com, which released: “Why Palo Alto Networks Inc (PANW), H & R Block Inc (HRB) and Trina Solar …” on November 28, 2016. Prnewswire.com‘s article titled: “Technical Reports on Personal Services Stocks — H&R Block, Service, Weight …” and published on November 21, 2016 is yet another important article.

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