H&R Block, Inc. (NYSE:HRB) Shares Sold by Aviva PLC

Posted by on May 22nd, 2023

Aviva PLC trimmed its stake in shares of H&R Block, Inc. (NYSE:HRB – Get Rating) by 73.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,968 shares of the company’s stock after selling 53,557 shares during the quarter. Aviva PLC’s holdings in H&R Block were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. acquired a new stake in shares of H&R Block in the 3rd quarter valued at approximately $36,000. Quadrant Capital Group LLC lifted its holdings in shares of H&R Block by 56.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 955 shares of the company’s stock valued at $41,000 after buying an additional 346 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of H&R Block in the 3rd quarter valued at approximately $43,000. Ronald Blue Trust Inc. lifted its holdings in shares of H&R Block by 77.9% in the 4th quarter. Ronald Blue Trust Inc. now owns 2,080 shares of the company’s stock valued at $89,000 after buying an additional 911 shares during the period. Finally, Accurate Wealth Management LLC acquired a new stake in shares of H&R Block in the 4th quarter valued at approximately $85,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on HRB shares. The Goldman Sachs Group raised their price target on H&R Block from $25.00 to $28.00 and gave the company a “sell” rating in a report on Wednesday, February 8th. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Barrington Research dropped their price objective on H&R Block from $48.00 to $42.00 in a research note on Wednesday, May 10th.

H&R Block Stock Performance

H&R Block stock opened at $29.62 on Monday. The stock has a fifty day moving average of $33.52 and a two-hundred day moving average of $37.18. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.63 and a beta of 0.67. H&R Block, Inc. has a fifty-two week low of $29.14 and a fifty-two week high of $48.76.

H&R Block (NYSE:HRB – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The company reported $4.20 earnings per share for the quarter, missing the consensus estimate of $4.46 by ($0.26). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. H&R Block had a negative return on equity of 284.65% and a net margin of 13.59%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.11 EPS. On average, analysts forecast that H&R Block, Inc. will post 3.73 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Wednesday, June 7th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Tuesday, June 6th. H&R Block’s dividend payout ratio is currently 39.06%.

H&R Block Company 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.

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Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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