H&R Block, Inc. (NYSE:HRB) Shares Sold by Xponance Inc.

Xponance Inc. cut its stake in shares of H&R Block, Inc. (NYSE:HRB) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,424 shares of the company’s stock after selling 2,312 shares during the period. Xponance Inc.’s holdings in H&R Block were worth $1,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Trexquant Investment LP grew its position in H&R Block by 198.1% during the third quarter. Trexquant Investment LP now owns 223,138 shares of the company’s stock valued at $9,608,000 after acquiring an additional 148,274 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of H&R Block by 33.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 155,054 shares of the company’s stock worth $7,500,000 after purchasing an additional 38,476 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of H&R Block in the 4th quarter valued at about $1,228,000. American Century Companies Inc. grew its holdings in shares of H&R Block by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 514,674 shares of the company’s stock worth $22,162,000 after purchasing an additional 63,942 shares during the period. Finally, AXQ Capital LP acquired a new stake in H&R Block during the 3rd quarter worth approximately $1,184,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 85,921 shares of H&R Block stock in a transaction 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 sale, the chief executive officer now 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

H&R Block Stock Performance

H&R Block stock opened at $47.93 on Thursday. H&R Block, Inc. has a one year low of $28.83 and a one year high of $52.90. The firm has a market capitalization of $6.69 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70. The stock’s 50 day moving average price is $47.72 and its 200 day moving average price is $46.35.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.58) by $0.31. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The company had revenue of $179.10 million during the quarter, compared to the consensus estimate of $169.45 million. During the same quarter in the previous year, the company posted ($1.37) earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, 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 declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.67%. H&R Block’s dividend payout ratio (DPR) is presently 35.26%.

Analyst Ratings Changes

HRB has been the topic of a number of recent research reports. StockNews.com raised shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. The Goldman Sachs Group lifted their target price on shares of H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a report on Wednesday, February 7th.

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.