Cambridge Investment Research Advisors Inc. Acquires 684 Shares of H&R Block, Inc. (NYSE:HRB)

Cambridge Investment Research Advisors Inc. raised its holdings in H&R Block, Inc. (NYSE:HRBGet Rating) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,123 shares of the company’s stock after buying an additional 684 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in H&R Block were worth $771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ellevest Inc. raised its stake in H&R Block by 33.0% in the second quarter. Ellevest Inc. now owns 1,101 shares of the company’s stock valued at $39,000 after buying an additional 273 shares during the period. Yousif Capital Management LLC increased its stake in shares of H&R Block by 0.4% during the second quarter. Yousif Capital Management LLC now owns 93,911 shares of the company’s stock worth $3,317,000 after purchasing an additional 385 shares during the period. Mariner LLC increased its stake in shares of H&R Block by 2.3% during the first quarter. Mariner LLC now owns 22,632 shares of the company’s stock worth $589,000 after purchasing an additional 509 shares during the period. One Wealth Advisors LLC increased its stake in shares of H&R Block by 4.7% during the second quarter. One Wealth Advisors LLC now owns 12,202 shares of the company’s stock worth $431,000 after purchasing an additional 552 shares during the period. Finally, CWM LLC increased its stake in shares of H&R Block by 394.1% during the second quarter. CWM LLC now owns 751 shares of the company’s stock worth $27,000 after purchasing an additional 599 shares during the period. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HRB shares. The Goldman Sachs Group increased their target price on H&R Block from $22.60 to $25.00 and gave the stock a “sell” rating in a research note on Thursday, November 3rd. TheStreet lowered H&R Block from a “b” rating to a “d+” rating in a research note on Tuesday, November 1st. Finally, StockNews.com started coverage on H&R Block in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

Insider Buying and Selling at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 18,009 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $42.11, for a total value of $758,358.99. Following the sale, the chief executive officer now owns 657,977 shares of the company’s stock, valued at approximately $27,707,411.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

H&R Block Trading Up 2.7 %

Shares of NYSE:HRB opened at $36.68 on Friday. The company has a market capitalization of $5.70 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.75 and a beta of 0.65. H&R Block, Inc. has a 1 year low of $21.08 and a 1 year high of $48.76. The company has a debt-to-equity ratio of 7.03, a current ratio of 0.92 and a quick ratio of 0.92. The business’s 50 day simple moving average is $40.34 and its 200 day simple moving average is $40.94.

H&R Block (NYSE:HRBGet Rating) last issued its quarterly earnings results on Tuesday, November 1st. The company reported ($0.99) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.05. The business had revenue of $179.99 million for the quarter, compared to the consensus estimate of $200.14 million. H&R Block had a negative return on equity of 613.29% and a net margin of 15.56%. During the same quarter in the prior year, the business posted ($0.78) earnings per share. On average, research analysts anticipate that H&R Block, Inc. will post 3.8 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Tuesday, December 6th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Monday, December 5th. H&R Block’s dividend payout ratio is presently 35.69%.

H&R Block Company Profile

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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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