H&R Block, Inc. (NYSE:HRB) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. grew its holdings in H&R Block, Inc. (NYSE:HRB) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,942 shares of the company’s stock after acquiring an additional 191 shares during the quarter. Brown Advisory Inc.’s holdings in H&R Block were worth $656,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of H&R Block by 129.2% during the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company’s stock worth $83,000 after purchasing an additional 850 shares during the period. Harbour Investments Inc. lifted its holdings in shares of H&R Block by 1,552.2% during the fourth quarter. Harbour Investments Inc. now owns 1,520 shares of the company’s stock worth $80,000 after purchasing an additional 1,428 shares during the period. GeoWealth Management LLC lifted its holdings in shares of H&R Block by 87.0% during the fourth quarter. GeoWealth Management LLC now owns 1,612 shares of the company’s stock worth $85,000 after purchasing an additional 750 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of H&R Block during the fourth quarter worth about $85,000. Finally, CIBC Private Wealth Group LLC lifted its holdings 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 worth $144,000 after purchasing an additional 263 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Friday, April 25th. The Goldman Sachs Group boosted their price target on H&R Block from $49.00 to $54.00 and gave the company a “sell” rating in a report on Thursday, May 8th. Wall Street Zen raised H&R Block from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Northcoast Research downgraded H&R Block from a “buy” rating to a “neutral” rating in a report on Friday, May 2nd.

Insider Activity at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the business’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the completion of the sale, the chief executive officer directly owned 844,790 shares in the company, valued at $53,458,311.20. The trade was a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.

H&R Block Trading Down 0.3%

Shares of NYSE:HRB opened at $55.95 on Tuesday. The company has a market capitalization of $7.49 billion, a PE ratio of 13.71, a PEG ratio of 0.88 and a beta of 0.24. H&R Block, Inc. has a 12-month low of $49.16 and a 12-month high of $68.45. The business has a 50 day moving average of $56.72 and a two-hundred day moving average of $55.60.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.26. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.94 earnings per share. Equities research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Wednesday, June 4th. H&R Block’s dividend payout ratio (DPR) is presently 36.76%.

About H&R Block

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.