Private Advisor Group LLC Sells 1,517 Shares of H&R Block, Inc. (NYSE:HRB)

Private Advisor Group LLC cut its stake in shares of H&R Block, Inc. (NYSE:HRB) by 24.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,800 shares of the company’s stock after selling 1,517 shares during the quarter. Private Advisor Group LLC’s holdings in H&R Block were worth $305,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in shares of H&R Block by 42.3% during the first quarter. Russell Investments Group Ltd. now owns 49,650 shares of the company’s stock valued at $2,438,000 after acquiring an additional 14,760 shares during the period. CWM LLC increased its stake in shares of H&R Block by 270.7% in the second quarter. CWM LLC now owns 16,319 shares of the company’s stock valued at $885,000 after buying an additional 11,917 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of H&R Block by 576.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 580,227 shares of the company’s stock valued at $28,496,000 after buying an additional 494,457 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of H&R Block by 24.5% in the first quarter. Janus Henderson Group PLC now owns 94,270 shares of the company’s stock valued at $4,629,000 after buying an additional 18,556 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of H&R Block in the first quarter valued at $10,581,000. 90.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HRB shares. Barrington Research restated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research note on Monday, October 28th. The Goldman Sachs Group raised their target price 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. Finally, StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

H&R Block Price Performance

H&R Block stock opened at $62.53 on Thursday. The firm has a market capitalization of $8.65 billion, a P/E ratio of 14.45, a PEG ratio of 0.91 and a beta of 0.67. H&R Block, Inc. has a 1 year low of $39.20 and a 1 year high of $68.45. The business has a 50-day moving average of $62.21 and a 200-day moving average of $56.74. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 16.46.

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

H&R Block Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 5th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, September 5th. This is a boost from H&R Block’s previous quarterly dividend of $0.32. H&R Block’s payout ratio is 35.55%.

H&R Block announced that its board has approved a stock buyback plan on Thursday, August 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 16.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, VP Kellie J. Logerwell sold 9,846 shares of H&R Block stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $65.00, for a total transaction of $639,990.00. Following the transaction, the vice president now owns 25,028 shares in the company, valued at $1,626,820. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $64.41, for a total value of $515,280.00. Following the sale, the vice president now owns 18,474 shares in the company, valued at approximately $1,189,910.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kellie J. Logerwell sold 9,846 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $65.00, for a total value of $639,990.00. Following the completion of the sale, the vice president now owns 25,028 shares in the company, valued at $1,626,820. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 115,927 shares of company stock worth $7,517,056 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

H&R Block Company 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.