Gamco Investors INC. ET AL Reduces Holdings in H&R Block, Inc. (NYSE:HRB)

Posted by Defense World Staff on Jun 12th, 2023

Gamco Investors INC. ET AL cut its holdings in H&R Block, Inc. (NYSE:HRB – Get Rating) by 32.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,700 shares of the company’s stock after selling 2,800 shares during the period. Gamco Investors INC. ET AL’s holdings in H&R Block were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Quadrant Capital Group LLC increased its holdings in shares of H&R Block by 56.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 955 shares of the company’s stock worth $41,000 after buying an additional 346 shares during the last quarter. Dark Forest Capital Management LP bought a new position in shares of H&R Block during the fourth quarter worth about $50,000. CoreCap Advisors LLC bought a new position in shares of H&R Block during the fourth quarter worth about $62,000. Accurate Wealth Management LLC bought a new position in shares of H&R Block during the fourth quarter worth about $85,000. Finally, Ronald Blue Trust Inc. raised its stake in H&R Block by 77.9% during the fourth quarter. Ronald Blue Trust Inc. now owns 2,080 shares of the company’s stock worth $89,000 after acquiring an additional 911 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other H&R Block news, Director Richard A. Johnson purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average cost of $29.54 per share, with a total value of $295,400.00. Following the completion of the transaction, the director now owns 68,729 shares in the company, valued at $2,030,254.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

H&R Block Trading Up 0.1 %

Shares of HRB traded up $0.04 on Monday, reaching $31.79. 436,658 shares of the company’s stock were exchanged, compared to its average volume of 1,740,693. The stock has a market capitalization of $4.84 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 0.68 and a beta of 0.67. The business has a 50 day moving average price of $32.24 and a two-hundred day moving average price of $36.04. H&R Block, Inc. has a 12 month low of $28.83 and a 12 month 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). H&R Block had a net margin of 13.59% and a negative return on equity of 284.65%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the company earned $4.11 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that H&R Block, Inc. will post 3.72 EPS for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Wednesday, June 7th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Tuesday, June 6th. H&R Block’s payout ratio is presently 39.06%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barrington Research dropped their price objective 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 Profile

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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.