Yousif Capital Management LLC Decreases Holdings in H&R Block, Inc. (NYSE:HRB)

Yousif Capital Management LLC reduced its position in H&R Block, Inc. (NYSE:HRB) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,086 shares of the company’s stock after selling 4,928 shares during the period. Yousif Capital Management LLC’s holdings in H&R Block were worth $3,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. CWM LLC boosted its position in H&R Block by 115.8% in the third quarter. CWM LLC now owns 4,281 shares of the company’s stock worth $184,000 after purchasing an additional 2,297 shares during the last quarter. SG Americas Securities LLC grew its position in H&R Block by 326.9% during the third quarter. SG Americas Securities LLC now owns 32,559 shares of the company’s stock valued at $1,402,000 after buying an additional 24,932 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in H&R Block by 28.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 23,808 shares of the company’s stock valued at $1,025,000 after buying an additional 5,218 shares during the last quarter. Xponance Inc. raised its position in H&R Block by 2.9% in the third quarter. Xponance Inc. now owns 29,736 shares of the company’s stock worth $1,280,000 after acquiring an additional 840 shares during the period. Finally, Tectonic Advisors LLC boosted its stake in shares of H&R Block by 3.8% during the 3rd quarter. Tectonic Advisors LLC now owns 94,967 shares of the company’s stock worth $4,089,000 after acquiring an additional 3,441 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $49.21, for a total value of $4,228,172.41. Following the transaction, the chief executive officer now owns 755,359 shares of the company’s stock, valued at $37,171,216.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HRB. The Goldman Sachs Group upped their price objective on H&R Block from $34.00 to $38.00 and gave the stock 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 report on Thursday, March 7th.

H&R Block Price Performance

Shares of HRB stock opened at $46.50 on Monday. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 0.88 and a beta of 0.70. The company’s fifty day moving average price is $47.70 and its 200-day moving average price is $46.44. H&R Block, Inc. has a one year low of $28.83 and a one year high of $52.90.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) EPS for the quarter, beating analysts’ consensus estimates of ($1.58) by $0.31. The business 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 business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned ($1.37) earnings per share. Equities research analysts expect 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. Shareholders of record on Tuesday, March 5th were paid a $0.32 dividend. The ex-dividend date was Monday, March 4th. This represents a $1.28 annualized dividend and a yield of 2.75%. H&R Block’s payout ratio is 35.26%.

About H&R Block

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.