H&R Block, Inc. (NYSE:HRB) Shares Purchased by Invst LLC

Invst LLC boosted its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 5.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,015 shares of the company’s stock after purchasing an additional 998 shares during the period. Invst LLC’s holdings in H&R Block were worth $986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HRB. Russell Investments Group Ltd. lifted its holdings in shares of H&R Block by 42.3% in the 1st quarter. Russell Investments Group Ltd. now owns 49,650 shares of the company’s stock valued at $2,438,000 after buying an additional 14,760 shares during the period. CWM LLC raised its stake in shares of H&R Block by 270.7% during the 2nd quarter. CWM LLC now owns 16,319 shares of the company’s stock worth $885,000 after buying an additional 11,917 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of H&R Block by 576.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 580,227 shares of the company’s stock valued at $28,496,000 after buying an additional 494,457 shares in the last quarter. Dorsey Wright & Associates acquired a new stake in H&R Block in the 4th quarter valued at $1,096,000. Finally, Janus Henderson Group PLC increased its holdings in H&R Block by 24.5% in the 1st quarter. Janus Henderson Group PLC now owns 94,270 shares of the company’s stock worth $4,629,000 after acquiring an additional 18,556 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HRB has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on H&R Block from $39.00 to $44.00 and gave the stock a “sell” rating in a research report on Friday, August 16th. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of H&R Block in a research report on Wednesday, August 14th.

Insider Transactions at H&R Block

In related news, CEO Jeffrey J. Jones II sold 9,722 shares of H&R Block stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total value of $613,166.54. Following the completion of the sale, the chief executive officer now owns 893,169 shares in the company, valued at approximately $56,332,168.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other H&R Block news, insider Dara S. Redler sold 9,100 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $64.10, for a total transaction of $583,310.00. Following the sale, the insider now directly owns 22,066 shares in the company, valued at approximately $1,414,430.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jeffrey J. Jones II sold 9,722 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total transaction of $613,166.54. Following the completion of the transaction, the chief executive officer now directly owns 893,169 shares of the company’s stock, valued at approximately $56,332,168.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 115,927 shares of company stock worth $7,517,056. 1.20% of the stock is currently owned by insiders.

H&R Block Trading Up 0.3 %

Shares of H&R Block stock opened at $63.64 on Monday. The stock has a 50 day moving average of $60.99 and a 200 day moving average of $54.12. The company has a debt-to-equity ratio of 16.46, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.98 and a beta of 0.66. H&R Block, Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $68.45.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, August 15th. The company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.15. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 EPS. As a group, research analysts predict that H&R Block, Inc. will post 5.22 earnings per share for the current year.

H&R Block Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 5th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.36%. This is an increase from H&R Block’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, September 5th. H&R Block’s payout ratio is 34.32%.

H&R Block declared that its board has initiated a share buyback plan on Thursday, August 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

H&R Block Company 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.