Cwm LLC Boosts Stock Position in H&R Block, Inc. (NYSE:HRB)

Cwm LLC increased its holdings in H&R Block, Inc. (NYSE:HRB) by 27.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,471 shares of the company’s stock after acquiring an additional 1,190 shares during the period. Cwm LLC’s holdings in H&R Block were worth $265,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HRB. Cambridge Investment Research Advisors Inc. grew its position in H&R Block by 28.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 23,808 shares of the company’s stock worth $1,025,000 after acquiring an additional 5,218 shares during the period. Xponance Inc. grew 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. Raymond James & Associates grew its position in H&R Block by 12.3% in the third quarter. Raymond James & Associates now owns 126,297 shares of the company’s stock worth $5,438,000 after acquiring an additional 13,839 shares during the period. Guyasuta Investment Advisors Inc. purchased a new position in H&R Block in the third quarter worth approximately $207,000. Finally, Brown Advisory Inc. grew its position in H&R Block by 7.2% in the third quarter. Brown Advisory Inc. now owns 11,902 shares of the company’s stock worth $512,000 after acquiring an additional 798 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the stock in a transaction 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 directly owns 755,359 shares in the company, valued at $37,171,216.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

H&R Block Stock Down 1.1 %

HRB opened at $47.52 on Friday. H&R Block, Inc. has a 52 week low of $28.83 and a 52 week high of $52.90. The business has a fifty day simple moving average of $47.76 and a 200-day simple moving average of $46.52. The firm has a market cap of $6.63 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.90 and a beta of 0.69.

H&R Block (NYSE:HRB) last announced its quarterly earnings data 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. 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 company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned ($1.37) earnings per share. Sell-side analysts expect that H&R Block, Inc. will post 4.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a research report 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. Finally, Barrington Research restated an “outperform” rating and set a $55.00 price target on shares of H&R Block in a research report on Wednesday.

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.