SG Americas Securities LLC Trims Stock Position in H&R Block, Inc. (NYSE:HRB)

SG Americas Securities LLC cut its stake in shares of H&R Block, Inc. (NYSE:HRBFree Report) by 59.5% in the 4th quarter, Holdings Channel reports. The fund owned 13,186 shares of the company’s stock after selling 19,373 shares during the quarter. SG Americas Securities LLC’s holdings in H&R Block were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Burns Matteson Capital Management LLC purchased a new stake in H&R Block during the 4th quarter valued at approximately $737,000. BCS Wealth Management purchased a new stake in H&R Block during the 4th quarter valued at approximately $223,000. Handelsinvest Investeringsforvaltning purchased a new stake in H&R Block during the 4th quarter valued at approximately $224,000. Wedmont Private Capital purchased a new stake in H&R Block during the 4th quarter valued at approximately $584,000. Finally, Diversified Trust Co purchased a new stake in H&R Block during the 4th quarter valued at approximately $249,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HRB has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a research note on Wednesday, February 7th. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th.

Check Out Our Latest Report on H&R Block

H&R Block Trading Down 1.3 %

NYSE HRB opened at $46.80 on Thursday. The business’s 50 day moving average is $47.76 and its two-hundred day moving average is $45.83. H&R Block, Inc. has a 12-month low of $28.83 and a 12-month high of $52.90. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.91 and a beta of 0.70.

H&R Block (NYSE:HRBGet Free Report) last released its earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.58) by $0.31. The company had revenue of $179.10 million for the quarter, compared to analysts’ expectations of $169.45 million. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.37) EPS. Equities analysts forecast that H&R Block, Inc. will post 4.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 5th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Monday, March 4th. H&R Block’s dividend payout ratio is currently 35.26%.

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $49.21, for a total value of $4,228,172.41. Following the sale, the chief executive officer now owns 755,359 shares in the company, valued at approximately $37,171,216.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

H&R Block Company Profile

(Free Report)

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.

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

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