H&R Block, Inc. (NYSE:HRB) Shares Sold by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. reduced its stake in shares of H&R Block, Inc. (NYSE:HRB) by 1.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 46,734 shares of the company’s stock after selling 641 shares during the period. H&R Block comprises approximately 1.3% of Tealwood Asset Management Inc.’s portfolio, making the stock its 8th biggest position. Tealwood Asset Management Inc.’s holdings in H&R Block were worth $2,970,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HRB. Mather Group LLC. purchased a new stake in H&R Block in the 1st quarter valued at $28,000. Richardson Financial Services Inc. bought a new stake in shares of H&R Block in the 4th quarter worth $37,000. Versant Capital Management Inc raised its holdings in shares of H&R Block by 4,152.9% in the second quarter. Versant Capital Management Inc now owns 723 shares of the company’s stock valued at $39,000 after purchasing an additional 706 shares during the last quarter. Quest Partners LLC lifted its position in shares of H&R Block by 2,756.0% during the second quarter. Quest Partners LLC now owns 714 shares of the company’s stock valued at $39,000 after purchasing an additional 689 shares in the last quarter. Finally, Quarry LP purchased a new position in H&R Block during the second quarter worth about $85,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HRB has been the subject of several analyst reports. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of H&R Block in a research note on Wednesday, August 14th. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group upped their price objective on H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, August 16th.

Insider Transactions at H&R Block

In related news, insider Dara S. Redler sold 9,100 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $64.10, for a total transaction of $583,310.00. Following the sale, the insider now owns 22,066 shares of the company’s stock, valued at approximately $1,414,430.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other H&R Block news, CFO Tony G. Bowen sold 79,259 shares of H&R Block stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $65.17, for a total transaction of $5,165,309.03. Following the completion of the sale, the chief financial officer now directly owns 90,095 shares in the company, valued at $5,871,491.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dara S. Redler sold 9,100 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $64.10, for a total transaction of $583,310.00. Following the completion of the transaction, the insider now owns 22,066 shares of the company’s stock, valued at $1,414,430.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,927 shares of company stock valued at $7,517,056. 1.20% of the stock is currently owned by corporate insiders.

H&R Block Stock Performance

Shares of HRB stock traded up $0.33 during trading hours on Tuesday, hitting $62.06. 106,268 shares of the company were exchanged, compared to its average volume of 1,154,578. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 16.46. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 0.98 and a beta of 0.66. The firm has a fifty day simple moving average of $61.71 and a 200 day simple moving average of $54.77. H&R Block, Inc. has a 52-week low of $39.20 and a 52-week high of $68.45.

H&R Block (NYSE:HRB) last issued its earnings results on Thursday, August 15th. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.15. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Research analysts predict that H&R Block, Inc. will post 5.22 earnings per share for the current fiscal year.

H&R Block Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 5th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, September 5th. This is a boost from H&R Block’s previous quarterly dividend of $0.32. This represents a $1.50 annualized dividend and a dividend yield of 2.42%. H&R Block’s dividend payout ratio is currently 34.32%.

H&R Block declared that its Board of Directors has approved a share repurchase plan on Thursday, August 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

H&R Block Profile

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.