97,547 Shares in H&R Block, Inc. (NYSE:HRB) Acquired by Range Financial Group LLC

Range Financial Group LLC acquired a new stake in H&R Block, Inc. (NYSE:HRBGet Rating) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 97,547 shares of the company’s stock, valued at approximately $2,540,000. H&R Block comprises 1.6% of Range Financial Group LLC’s holdings, making the stock its 6th biggest position. Range Financial Group LLC owned approximately 0.06% of H&R Block as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mariner LLC lifted its stake in H&R Block by 2.3% in the first quarter. Mariner LLC now owns 22,632 shares of the company’s stock valued at $589,000 after buying an additional 509 shares during the last quarter. Green Square Capital Advisors LLC lifted its stake in H&R Block by 0.8% in the fourth quarter. Green Square Capital Advisors LLC now owns 74,034 shares of the company’s stock valued at $1,744,000 after buying an additional 557 shares during the last quarter. OmniStar Financial Group Inc. lifted its stake in H&R Block by 2.6% in the first quarter. OmniStar Financial Group Inc. now owns 22,519 shares of the company’s stock valued at $586,000 after buying an additional 578 shares during the last quarter. Financial Counselors Inc. lifted its stake in H&R Block by 0.3% in the first quarter. Financial Counselors Inc. now owns 237,984 shares of the company’s stock valued at $6,197,000 after buying an additional 779 shares during the last quarter. Finally, Ceera Investments LLC raised its stake in shares of H&R Block by 1.9% during the first quarter. Ceera Investments LLC now owns 47,129 shares of the company’s stock worth $1,227,000 after purchasing an additional 865 shares during the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

H&R Block Price Performance

H&R Block stock opened at $44.82 on Wednesday. The business has a 50 day simple moving average of $42.08 and a 200-day simple moving average of $34.02. H&R Block, Inc. has a 12 month low of $21.08 and a 12 month high of $48.76. The stock has a market capitalization of $7.17 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.95 and a beta of 0.63. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.39 and a quick ratio of 1.39.

H&R Block (NYSE:HRBGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. H&R Block had a negative return on equity of 2,398.97% and a net margin of 15.99%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $994.77 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. H&R Block’s quarterly revenue was up .4% on a year-over-year basis. Equities analysts predict that H&R Block, Inc. will post 3.78 earnings per share for the current year.

H&R Block Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 8th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Wednesday, September 7th. This is a positive change from H&R Block’s previous quarterly dividend of $0.27. H&R Block’s dividend payout ratio is currently 33.53%.

H&R Block announced that its board has authorized a stock buyback plan on Tuesday, August 9th that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 17.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HRB. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. The Goldman Sachs Group upped their price target on H&R Block from $20.00 to $22.60 and gave the stock a “sell” rating in a research note on Wednesday, August 10th. Finally, Barrington Research upped their price target on H&R Block from $40.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 10th.

Insider Buying and Selling

In related news, CFO Tony G. Bowen sold 64,741 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $48.35, for a total transaction of $3,130,227.35. Following the transaction, the chief financial officer now owns 79,794 shares of the company’s stock, valued at $3,858,039.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other H&R Block news, CFO Tony G. Bowen sold 64,741 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $48.35, for a total value of $3,130,227.35. Following the sale, the chief financial officer now owns 79,794 shares of the company’s stock, valued at $3,858,039.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kellie J. Logerwell sold 6,500 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $48.77, for a total value of $317,005.00. Following the completion of the sale, the vice president now directly owns 18,791 shares in the company, valued at approximately $916,437.07. The disclosure for this sale can be found here. Insiders have sold 133,821 shares of company stock valued at $6,287,989 over the last quarter. Company insiders own 0.98% of the company’s stock.

About H&R Block

(Get Rating)

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.

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Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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