H&R Block, Inc. (NYSE:HRB) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in H&R Block, Inc. (NYSE:HRB) by 33.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,436 shares of the company’s stock after selling 11,579 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in H&R Block were worth $1,134,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in H&R Block by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,844,387 shares of the company’s stock valued at $165,539,000 after acquiring an additional 118,329 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in H&R Block by 110.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,768,425 shares of the company’s stock valued at $119,208,000 after acquiring an additional 1,453,504 shares during the last quarter. Pacer Advisors Inc. raised its stake in H&R Block by 0.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,574,162 shares of the company’s stock valued at $76,142,000 after acquiring an additional 14,268 shares during the last quarter. NewEdge Wealth LLC raised its stake in H&R Block by 22.9% during the 3rd quarter. NewEdge Wealth LLC now owns 1,007,746 shares of the company’s stock valued at $43,394,000 after acquiring an additional 188,023 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in H&R Block by 7.4% during the 3rd quarter. HighTower Advisors LLC now owns 954,038 shares of the company’s stock valued at $41,105,000 after acquiring an additional 65,478 shares during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at H&R Block

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

Analyst Ratings Changes

Several analysts have commented on the company. 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 raised H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

H&R Block Trading Up 0.8 %

Shares of HRB stock opened at $47.65 on Wednesday. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.88 and a beta of 0.70. The stock has a 50 day simple moving average of $47.72 and a 200-day simple moving average of $46.35. H&R Block, Inc. has a 12-month low of $28.83 and a 12-month high of $52.90.

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

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 5th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, March 4th. H&R Block’s dividend payout ratio (DPR) is 35.26%.

H&R Block 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.