Louisiana State Employees Retirement System lifted its holdings in shares of H&R Block, Inc. (NYSE:HRB – Free Report) by 10.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,500 shares of the company’s stock after purchasing an additional 4,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in H&R Block were worth $1,418,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in shares of H&R Block during the first quarter worth about $29,000. OLD Mission Capital LLC bought a new position in H&R Block in the fourth quarter valued at approximately $33,000. Belpointe Asset Management LLC grew its stake in H&R Block by 68.3% in the first quarter. Belpointe Asset Management LLC now owns 998 shares of the company’s stock valued at $35,000 after purchasing an additional 405 shares in the last quarter. Tradition Wealth Management LLC grew its stake in H&R Block by 149.8% in the first quarter. Tradition Wealth Management LLC now owns 1,034 shares of the company’s stock valued at $36,000 after purchasing an additional 620 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in H&R Block by 149.5% in the first quarter. Global Retirement Partners LLC now owns 1,355 shares of the company’s stock valued at $44,000 after purchasing an additional 812 shares in the last quarter. Institutional investors and hedge funds own 90.89% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on HRB. Barrington Research raised their price target on H&R Block from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. StockNews.com assumed coverage on H&R Block in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group lifted their target price on H&R Block from $28.00 to $32.00 and gave the stock a “sell” rating in a research note on Wednesday, August 16th.
H&R Block Stock Performance
Shares of NYSE HRB opened at $41.41 on Wednesday. The company has a market capitalization of $6.05 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.83 and a beta of 0.60. The stock has a 50 day moving average of $38.57 and a 200-day moving average of $34.70. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 46.44. H&R Block, Inc. has a 12 month low of $28.83 and a 12 month high of $44.02.
H&R Block (NYSE:HRB – Get Free Report) last released its quarterly earnings results on Tuesday, August 15th. The company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.17. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. H&R Block had a negative return on equity of 263.99% and a net margin of 15.95%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $1.43 EPS. As a group, equities research analysts predict that H&R Block, Inc. will post 4.17 EPS for the current year.
H&R Block Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Thursday, September 7th will be issued a dividend of $0.32 per share. This is a boost from H&R Block’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, September 6th. H&R Block’s dividend payout ratio (DPR) is presently 35.85%.
Insider Buying and Selling
In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of H&R Block stock in a transaction on Monday, September 11th. The stock was sold at an average price of $39.61, for a total value of $316,880.00. Following the completion of the transaction, the vice president now directly owns 27,721 shares of the company’s stock, valued at approximately $1,098,028.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of H&R Block stock in a transaction on Monday, September 11th. The stock was sold at an average price of $39.61, for a total value of $316,880.00. Following the completion of the transaction, the vice president now directly owns 27,721 shares of the company’s stock, valued at approximately $1,098,028.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey J. Jones II sold 91,192 shares of H&R Block stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $38.00, for a total value of $3,465,296.00. Following the completion of the transaction, the chief executive officer now directly owns 812,150 shares of the company’s stock, valued at $30,861,700. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
About H&R Block
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. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.
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