Nordea Investment Management AB Sells 4,605 Shares of H&R Block, Inc. (NYSE:HRB)

Nordea Investment Management AB lowered its stake in shares of H&R Block, Inc. (NYSE:HRBFree Report) by 4.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,037 shares of the company’s stock after selling 4,605 shares during the quarter. Nordea Investment Management AB owned about 0.07% of H&R Block worth $4,671,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in H&R Block by 91.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock worth $25,000 after purchasing an additional 248 shares during the period. Mather Group LLC. bought a new stake in H&R Block during the first quarter worth approximately $28,000. Richardson Financial Services Inc. bought a new stake in H&R Block during the fourth quarter worth approximately $37,000. Assetmark Inc. bought a new stake in H&R Block during the fourth quarter worth approximately $43,000. Finally, Daiwa Securities Group Inc. bought a new stake in H&R Block during the fourth quarter worth approximately $48,000. Institutional investors own 90.14% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research increased their price objective on H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th.

View Our Latest Stock Analysis on HRB

Insider Activity

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

H&R Block Trading Down 1.1 %

HRB opened at $52.97 on Wednesday. The business has a 50 day moving average of $51.78 and a 200-day moving average of $48.97. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.92 and a beta of 0.68. H&R Block, Inc. has a 1-year low of $31.28 and a 1-year high of $56.63.

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

H&R Block Announces Dividend

The firm also recently announced 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 2.42%. H&R Block’s dividend payout ratio (DPR) is presently 29.29%.

H&R Block Company Profile

(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.

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

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