Intech Investment Management LLC Has $800,000 Stock Position in H&R Block, Inc. (NYSE:HRB)

Intech Investment Management LLC lowered its stake in H&R Block, Inc. (NYSE:HRB) by 53.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,588 shares of the company’s stock after selling 14,188 shares during the period. Intech Investment Management LLC’s holdings in H&R Block were worth $800,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in H&R Block during the third quarter valued at approximately $34,000. Advisors Asset Management Inc. increased its stake in shares of H&R Block by 176.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,712 shares of the company’s stock valued at $172,000 after purchasing an additional 1,730 shares during the last quarter. Commerce Bank raised its holdings in shares of H&R Block by 18.3% during the 3rd quarter. Commerce Bank now owns 55,079 shares of the company’s stock worth $3,500,000 after buying an additional 8,513 shares in the last quarter. Strategy Asset Managers LLC bought a new stake in shares of H&R Block during the 3rd quarter worth $246,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in H&R Block in the third quarter valued at about $6,045,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

Insider Activity at H&R Block

In related news, VP Kellie J. Logerwell sold 8,000 shares of H&R Block stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $64.41, for a total value of $515,280.00. Following the transaction, the vice president now directly owns 18,474 shares of the company’s stock, valued at $1,189,910.34. The trade was a 30.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey J. Jones II sold 9,722 shares of the 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 sale, the chief executive officer now directly owns 893,169 shares of the company’s stock, valued at $56,332,168.83. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

H&R Block Price Performance

H&R Block stock opened at $59.29 on Friday. The stock has a 50-day moving average price of $60.87 and a two-hundred day moving average price of $57.95. H&R Block, Inc. has a 12 month low of $42.28 and a 12 month high of $68.45. The company has a market capitalization of $8.13 billion, a PE ratio of 14.46, a P/E/G ratio of 0.90 and a beta of 0.67. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The business had revenue of $193.81 million during the quarter, compared to the consensus estimate of $188.78 million. During the same quarter last year, the business earned ($1.05) EPS. Analysts expect that H&R Block, Inc. will post 5.28 EPS for the current year.

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

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be paid a $0.375 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.53%. H&R Block’s dividend payout ratio is 36.59%.

Analyst Upgrades and Downgrades

Several research analysts have commented on HRB shares. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Barrington Research reiterated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research report on Friday, November 8th. Finally, The Goldman Sachs Group raised their target price on shares of H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Friday, August 16th.

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.