Public Employees Retirement Association of Colorado Sells 1,849 Shares of H&R Block, Inc. (NYSE:HRB)

Posted by Defense World Staff on Jun 11th, 2023

Public Employees Retirement Association of Colorado cut its holdings in H&R Block, Inc. (NYSE:HRB – Get Rating) by 7.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,121 shares of the company’s stock after selling 1,849 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in H&R Block were worth $808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EMC Capital Management lifted its position in H&R Block by 3.9% in the 4th quarter. EMC Capital Management now owns 8,651 shares of the company’s stock valued at $316,000 after acquiring an additional 327 shares in the last quarter. Quadrant Capital Group LLC lifted its position in 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 acquiring an additional 346 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in H&R Block by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 42,239 shares of the company’s stock valued at $1,797,000 after acquiring an additional 369 shares in the last quarter. Range Financial Group LLC lifted its position in H&R Block by 1.9% in the 4th quarter. Range Financial Group LLC now owns 21,303 shares of the company’s stock valued at $778,000 after acquiring an additional 398 shares in the last quarter. Finally, Convergence Investment Partners LLC lifted its position in H&R Block by 1.2% in the 4th quarter. Convergence Investment Partners LLC now owns 36,032 shares of the company’s stock valued at $1,316,000 after acquiring an additional 412 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard A. Johnson acquired 10,000 shares of the company’s stock in a transaction on Friday, May 19th. The stock was acquired at an average price of $29.54 per share, with a total value of $295,400.00. Following the acquisition, the director now directly owns 68,729 shares of the company’s stock, valued at $2,030,254.66. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

HRB has been the subject of a number of research reports. Barrington Research decreased their target price on shares of H&R Block from $48.00 to $42.00 in a research note on Wednesday, May 10th. StockNews.com lowered shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, May 19th.

H&R Block Price Performance

NYSE:HRB opened at $31.75 on Friday. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 0.68 and a beta of 0.67. H&R Block, Inc. has a one year low of $28.83 and a one year high of $48.76. The business has a fifty day moving average price of $32.24 and a 200-day moving average price of $36.09.

H&R Block (NYSE:HRB – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $4.20 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.26). The company had revenue of $2.10 billion during 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 company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $4.11 earnings per share. On average, equities research analysts expect that H&R Block, Inc. will post 3.72 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, June 6th. H&R Block’s dividend payout ratio is currently 39.06%.

About H&R Block

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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. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.