Allspring Global Investments Holdings LLC Buys 3,413 Shares of H&R Block, Inc. (NYSE:HRB)

Allspring Global Investments Holdings LLC grew its holdings in H&R Block, Inc. (NYSE:HRBFree Report) by 14.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,849 shares of the company’s stock after purchasing an additional 3,413 shares during the period. Allspring Global Investments Holdings LLC’s holdings in H&R Block were worth $1,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HRB. Exchange Traded Concepts LLC raised its holdings in shares of H&R Block by 91.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock valued at $25,000 after purchasing an additional 248 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of H&R Block in the first quarter valued at approximately $28,000. Richardson Financial Services Inc. acquired a new stake in shares of H&R Block in the fourth quarter valued at approximately $37,000. Assetmark Inc. acquired a new stake in shares of H&R Block in the fourth quarter valued at approximately $43,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of H&R Block in the fourth quarter valued at approximately $48,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barrington Research boosted their target price on shares of H&R Block from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th.

Check Out Our Latest Stock Report on H&R Block

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 44,975 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $54.55, for a total value of $2,453,386.25. Following the sale, the chief executive officer now directly owns 712,386 shares in the company, valued at approximately $38,860,656.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

H&R Block Trading Down 2.2 %

Shares of HRB opened at $54.72 on Friday. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 0.94 and a beta of 0.68. H&R Block, Inc. has a 1-year low of $30.66 and a 1-year high of $56.63. The company’s fifty day simple moving average is $51.54 and its 200 day simple moving average is $48.87.

H&R Block (NYSE:HRBGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $4.94 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.28. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.20 earnings per share. As a group, research analysts forecast that H&R Block, Inc. will post 4.29 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 5th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.34%. H&R Block’s payout ratio is currently 29.29%.

About H&R Block

(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.

Further Reading

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

Receive News & Ratings for H&R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block and related companies with MarketBeat.com's FREE daily email newsletter.