Handelsinvest Investeringsforvaltning Sells 1,585 Shares of H&R Block, Inc. (NYSE:HRB)

Handelsinvest Investeringsforvaltning trimmed its position in shares of H&R Block, Inc. (NYSE:HRB) by 34.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,055 shares of the company’s stock after selling 1,585 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in H&R Block were worth $150,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in shares of H&R Block by 33.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 155,054 shares of the company’s stock valued at $7,500,000 after purchasing an additional 38,476 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of H&R Block by 0.7% during the fourth quarter. Corient Private Wealth LLC now owns 156,036 shares of the company’s stock valued at $7,547,000 after purchasing an additional 1,039 shares during the last quarter. Dorsey Wright & Associates purchased a new position in shares of H&R Block during the fourth quarter valued at approximately $1,096,000. Optimist Retirement Group LLC purchased a new position in shares of H&R Block during the fourth quarter valued at approximately $2,503,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of H&R Block during the fourth quarter valued at approximately $2,805,000. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other H&R Block news, CEO Jeffrey J. Jones II sold 44,975 shares of H&R Block stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $54.55, for a total value of $2,453,386.25. Following the completion of the sale, the chief executive officer now owns 712,386 shares of the company’s stock, valued at approximately $38,860,656.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

H&R Block Stock Up 1.7 %

Shares of NYSE HRB opened at $56.04 on Thursday. H&R Block, Inc. has a twelve month low of $30.66 and a twelve month high of $56.63. The firm has a market cap of $7.82 billion, a P/E ratio of 12.82, a PEG ratio of 1.01 and a beta of 0.68. The company has a 50 day moving average of $51.19 and a 200 day moving average of $48.77.

H&R Block (NYSE:HRB) last posted its earnings results on Thursday, May 9th. The company reported $4.94 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $0.28. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm posted $4.20 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts expect that H&R Block, Inc. will post 4.29 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 5th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Wednesday, June 5th. H&R Block’s dividend payout ratio (DPR) is presently 29.29%.

Wall Street Analysts Forecast Growth

HRB has been the subject of several recent research reports. Barrington Research lifted their target price on shares of H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, May 28th. StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

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.