Toroso Investments LLC Sells 15,088 Shares of H&R Block, Inc. (NYSE:HRB)

Toroso Investments LLC trimmed its position in H&R Block, Inc. (NYSE:HRB) by 16.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 76,967 shares of the company’s stock after selling 15,088 shares during the period. Toroso Investments LLC owned about 0.05% of H&R Block worth $2,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HRB. Ameritas Advisory Services LLC bought a new position in shares of H&R Block in the first quarter valued at approximately $29,000. OLD Mission Capital LLC bought a new position in H&R Block in the 4th quarter valued at $33,000. Belpointe Asset Management LLC increased its position in shares of H&R Block by 68.3% during the 1st quarter. Belpointe Asset Management LLC now owns 998 shares of the company’s stock valued at $35,000 after purchasing an additional 405 shares during the last quarter. Tradition Wealth Management LLC raised its stake in shares of H&R Block by 149.8% during the 1st quarter. Tradition Wealth Management LLC now owns 1,034 shares of the company’s stock worth $36,000 after purchasing an additional 620 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of H&R Block by 149.5% in the 1st quarter. Global Retirement Partners LLC now owns 1,355 shares of the company’s stock worth $44,000 after buying an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey J. Jones II sold 91,192 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $38.00, for a total transaction of $3,465,296.00. Following the sale, the chief executive officer now directly owns 812,150 shares in the company, valued at $30,861,700. The sale was disclosed in a document filed with the SEC, which is available at this link. In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $39.61, for a total value of $316,880.00. Following the completion of the transaction, the vice president now directly owns 27,721 shares of the company’s stock, valued at approximately $1,098,028.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey J. Jones II sold 91,192 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $38.00, for a total transaction of $3,465,296.00. Following the completion of the transaction, the chief executive officer now directly owns 812,150 shares in the company, valued at approximately $30,861,700. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

H&R Block Price Performance

Shares of NYSE:HRB opened at $39.40 on Friday. The company has a 50-day moving average price of $36.24 and a two-hundred day moving average price of $34.18. H&R Block, Inc. has a twelve month low of $28.83 and a twelve month high of $45.93. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 46.44. The firm has a market capitalization of $5.79 billion, a PE ratio of 11.04, a P/E/G ratio of 0.75 and a beta of 0.63.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, August 15th. The company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.17. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. H&R Block had a net margin of 15.95% and a negative return on equity of 263.99%. H&R Block’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. Equities analysts forecast that H&R Block, Inc. will post 4.17 EPS for the current year.

H&R Block Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Thursday, September 7th will be issued a dividend of $0.32 per share. This is a boost from H&R Block’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $1.28 dividend on an annualized basis and a yield of 3.25%. H&R Block’s dividend payout ratio is 35.85%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com initiated coverage on shares of H&R Block in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. The Goldman Sachs Group upped their price objective on H&R Block from $28.00 to $32.00 and gave the company a “sell” rating in a research note on Wednesday, August 16th. Finally, Barrington Research raised their target price on H&R Block from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 16th.

H&R Block Company Profile

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. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.