Allspring Global Investments Holdings LLC Acquires 24,949 Shares of H&R Block, Inc. (NYSE:HRB)

Posted by Defense World Staff on Oct 10th, 2023

Allspring Global Investments Holdings LLC increased its holdings in H&R Block, Inc. (NYSE:HRB – Free Report) by 98.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,360 shares of the company’s stock after buying an additional 24,949 shares during the period. Allspring Global Investments Holdings LLC’s holdings in H&R Block were worth $1,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HRB. FMR LLC raised its stake in H&R Block by 19.2% in the first quarter. FMR LLC now owns 22,837,684 shares of the company’s stock worth $805,028,000 after buying an additional 3,679,366 shares in the last quarter. Boston Partners bought a new position in H&R Block in the first quarter worth approximately $122,918,000. Charles Schwab Investment Management Inc. raised its stake in H&R Block by 186.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,969,445 shares of the company’s stock worth $77,325,000 after buying an additional 1,933,031 shares in the last quarter. Norges Bank bought a new position in H&R Block in the fourth quarter worth approximately $58,073,000. Finally, Lazard Asset Management LLC raised its stake in H&R Block by 49.1% in the fourth quarter. Lazard Asset Management LLC now owns 3,044,117 shares of the company’s stock worth $111,139,000 after buying an additional 1,002,316 shares in the last quarter. Institutional investors own 90.89% of the company’s stock.

Insider Activity

In other news, VP Kellie J. Logerwell sold 8,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $39.61, for a total transaction of $316,880.00. Following the sale, the vice president now directly owns 27,721 shares of the company’s stock, valued at $1,098,028.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other H&R Block news, CEO Jeffrey J. Jones II sold 91,192 shares of the company’s 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 sale, the chief executive officer now directly owns 812,150 shares of the company’s stock, valued at $30,861,700. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kellie J. Logerwell sold 8,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $39.61, for a total transaction of $316,880.00. Following the completion of the sale, the vice president now directly owns 27,721 shares in the company, valued at $1,098,028.81. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

H&R Block Stock Performance

Shares of HRB stock opened at $42.41 on Tuesday. The business’s fifty day simple moving average is $39.23 and its 200-day simple moving average is $34.90. The company has a market cap of $6.20 billion, a PE ratio of 11.88, a PEG ratio of 0.78 and a beta of 0.60. 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 announced its quarterly earnings data on Tuesday, August 15th. The company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.17. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. H&R Block had a net margin of 15.95% and a negative return on equity of 263.99%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 earnings per share. Analysts expect that H&R Block, Inc. will post 4.17 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Thursday, September 7th were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, September 6th. This is a positive change from H&R Block’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.02%. H&R Block’s payout ratio is 35.85%.

Wall Street Analysts Forecast Growth

HRB has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price target on H&R Block from $28.00 to $32.00 and gave the stock a “sell” rating in a research report on Wednesday, August 16th. StockNews.com initiated coverage on H&R Block in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Barrington Research upped their price target on H&R Block from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 16th.

Check Out Our Latest Analysis on HRB

H&R Block Profile

(Free Report)

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.