Walleye Capital LLC Invests $695,000 in H&R Block, Inc. (NYSE:HRB)

Walleye Capital LLC bought a new stake in H&R Block, Inc. (NYSE:HRBGet Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,693 shares of the company’s stock, valued at approximately $695,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Mariner LLC grew its position 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 purchasing an additional 509 shares in the last quarter. Green Square Capital Advisors LLC grew its position 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 purchasing an additional 557 shares in the last quarter. OmniStar Financial Group Inc. grew its position 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 purchasing an additional 578 shares in the last quarter. Financial Counselors Inc. grew its position 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 purchasing an additional 779 shares in the last quarter. Finally, Ceera Investments LLC grew its position in H&R Block by 1.9% in the first quarter. Ceera Investments LLC now owns 47,129 shares of the company’s stock valued at $1,227,000 after purchasing an additional 865 shares in the last quarter. Institutional investors own 87.06% of the company’s stock.

Insider Transactions at H&R Block

In other news, insider Karen A. Orosco sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $45.00, for a total transaction of $2,250,000.00. Following the completion of the sale, the insider now owns 89,733 shares in the company, valued at approximately $4,037,985. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other H&R Block news, CFO Tony G. Bowen sold 64,741 shares of H&R Block stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $48.35, for a total value of $3,130,227.35. Following the completion of the sale, the chief financial officer now owns 79,794 shares in the company, valued at approximately $3,858,039.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karen A. Orosco sold 50,000 shares of H&R Block stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $45.00, for a total transaction of $2,250,000.00. Following the completion of the sale, the insider now owns 89,733 shares of the company’s stock, valued at approximately $4,037,985. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,821 shares of company stock worth $6,287,989. 0.98% of the stock is owned by insiders.

H&R Block Stock Performance

Shares of HRB opened at $44.94 on Wednesday. The firm has a 50-day moving average of $42.92 and a 200-day moving average of $34.70. H&R Block, Inc. has a one year low of $21.08 and a one year high of $48.76. The company has a market cap of $7.19 billion, a PE ratio of 12.99, 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 posted its earnings results on Tuesday, August 9th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.19. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $994.77 million. H&R Block had a net margin of 15.99% and a negative return on equity of 2,398.97%. H&R Block’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS. As a group, equities analysts forecast that H&R Block, Inc. will post 3.78 earnings per share for the current year.

H&R Block announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 9th that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the company to buy up to 17.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 8th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, September 7th. This is a boost from H&R Block’s previous quarterly dividend of $0.27. H&R Block’s dividend payout ratio (DPR) is currently 33.53%.

Wall Street Analysts Forecast Growth

HRB has been the subject of a number of analyst reports. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 19th. Barrington Research lifted their price objective on shares of H&R Block from $40.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, August 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of H&R Block from $20.00 to $22.60 and gave the company a “sell” rating in a research report on Wednesday, August 10th.

About H&R Block

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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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