Wells Fargo & Company MN Decreases Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Wells Fargo & Company MN lowered its position in H&R Block, Inc. (NYSE:HRB) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,872 shares of the company’s stock after selling 5,415 shares during the period. Wells Fargo & Company MN owned about 0.07% of H&R Block worth $5,224,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Huber Capital Management LLC grew its holdings in H&R Block by 14.9% during the fourth quarter. Huber Capital Management LLC now owns 23,200 shares of the company’s stock valued at $1,226,000 after purchasing an additional 3,000 shares during the period. Franklin Resources Inc. grew its holdings in H&R Block by 18.5% during the 4th quarter. Franklin Resources Inc. now owns 296,509 shares of the company’s stock valued at $15,668,000 after buying an additional 46,229 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of H&R Block by 11.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company’s stock valued at $144,000 after buying an additional 263 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of H&R Block by 12.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,050,678 shares of the company’s stock valued at $108,358,000 after purchasing an additional 232,095 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in H&R Block by 29.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 7,222 shares of the company’s stock valued at $382,000 after buying an additional 1,623 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

Insider Buying and Selling at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the completion of the sale, the chief executive officer now directly owns 844,790 shares of the company’s stock, valued at approximately $53,458,311.20. This represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

H&R Block Stock Performance

HRB stock opened at $63.03 on Monday. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 0.80 and a beta of 0.39. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month high of $68.45. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The business’s fifty day simple moving average is $54.58 and its two-hundred day simple moving average is $56.22.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. Analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Tuesday, March 4th. H&R Block’s payout ratio is currently 41.32%.

Analysts Set New Price Targets

HRB has been the topic of several recent research reports. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Barrington Research reissued an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.