MML Investors Services LLC Acquires 1,020 Shares of H&R Block, Inc. (NYSE:HRB)

Posted by Defense World Staff on Mar 6th, 2023

MML Investors Services LLC increased its holdings in shares of H&R Block, Inc. (NYSE:HRB – Get Rating) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,732 shares of the company’s stock after buying an additional 1,020 shares during the quarter. MML Investors Services LLC’s holdings in H&R Block were worth $712,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HRB. Hanseatic Management Services Inc. bought a new stake in shares of H&R Block during the 3rd quarter worth $36,000. Belmont Capital LLC bought a new position in H&R Block in the third quarter valued at about $37,000. Absolute Capital Management LLC bought a new position in H&R Block in the third quarter valued at about $37,000. Ronald Blue Trust Inc. raised its position in H&R Block by 33.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,169 shares of the company’s stock valued at $41,000 after purchasing an additional 294 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in H&R Block by 56.8% in the third quarter. Quadrant Capital Group LLC now owns 955 shares of the company’s stock valued at $41,000 after purchasing an additional 346 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Transactions at H&R Block

In related news, CEO Jeffrey J. Jones II sold 18,009 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $42.11, for a total transaction of $758,358.99. Following the completion of the sale, the chief executive officer now owns 657,977 shares of the company’s stock, valued at $27,707,411.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on HRB. Barrington Research reiterated an “outperform” rating and issued a $48.00 target price on shares of H&R Block in a research report on Wednesday, February 8th. The Goldman Sachs Group increased their target price on H&R Block from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Wednesday, February 8th.

H&R Block Price Performance

Shares of HRB opened at $36.12 on Monday. H&R Block, Inc. has a 1 year low of $23.65 and a 1 year high of $48.76. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 0.75 and a beta of 0.67. The business has a 50-day moving average of $37.85 and a 200-day moving average of $40.79.

H&R Block (NYSE:HRB – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The company reported ($1.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.48) by $0.11. H&R Block had a negative return on equity of 337.61% and a net margin of 14.57%. The company had revenue of $166.40 million during the quarter, compared to the consensus estimate of $151.64 million. During the same period last year, the company earned ($1.02) earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that H&R Block, Inc. will post 3.84 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Tuesday, March 7th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, March 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.21%. H&R Block’s dividend payout ratio (DPR) is 40.00%.

H&R Block Profile

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H&R Block, Inc engages in the provision of tax preparation and other services. The firm offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail, and provides DIY tax services, including federal and state income tax returns, access to tax tips, advice, and tax-related news, use of calculators for tax planning, and error checking and electronic filing.