Allspring Global Investments Holdings LLC increased its holdings in H&R Block Inc. (NYSE:HRB – free report ) by 14.6% during the first quarter, according to its latest disclosure with the Securities and Exchange Commission. The fund bought an additional 3,413 shares during the period, giving it a holding of 26,849 shares of the company. Allspring Global Investments Holdings LLC’s holdings in H&R Block were worth $1,319,000 at the end of the most recent quarter.
Other hedge funds and institutional investors also recently modified their holdings in HRB. Exchange Traded Concepts LLC increased its holdings in shares of H&R Block by 91.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock, valued at $25,000, after purchasing an additional 248 shares in the last quarter. Mather Group LLC acquired a new stake in H&R Block in the first quarter, valued at approximately $28,000. Richardson Financial Services Inc. acquired a new stake in H&R Block in the fourth quarter, valued at approximately $37,000. Assetmark Inc. acquired a new stake in H&R Block in the fourth quarter, valued at approximately $43,000. Finally, Daiwa Securities Group Inc. acquired a new stake in H&R Block in the fourth quarter, valued at approximately $48,000. Currently, 90.14% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Meanwhile, Barrington Research increased their price objective on shares of H&R Block from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th.
Check out the latest H&R Block stock report
Insider Activities
In other news, CEO Jeffrey J. Jones II sold 44,975 shares of the company’s 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 sale, the CEO now directly owns 712,386 shares of the company’s stock, valued at approximately $38,860,656.30. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. 1.20% of the stock is now owned by company insiders.
H&R Block trading down 2.2%
HRB shares opened trading at $54.72 on Friday. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 0.94 and a beta of 0.68. H&R Block, Inc.’s one-year low is $30.66 and its one-year high is $56.63. The company’s 50-day simple moving average is $51.54 and its 200-day simple moving average is $48.87.
H&R Block (NYSE:HRB – Get Free Report) last released its earnings results on Thursday, May 9th. The company reported quarterly earnings of $4.94, beating analysts’ consensus estimates of $4.66 by $0.28. The company’s quarterly revenue was $2.18 billion, beating the consensus estimate of $2.14 billion. H&R Block had a net margin of 17.87% and a return on equity of -224.81%. The company’s quarterly revenue grew 4.4% year-over-year. During the same period last year, the company posted earnings per share of $4.20. Research analysts expect that H&R Block will post earnings per share of $4.29 for the current year.
H&R Block announces dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 5th were paid a $0.32 dividend. The ex-dividend date for this dividend was Wednesday, June 5th. This equates to a $1.28 dividend on an annualized basis, or a dividend yield of 2.34%. H&R Block’s dividend payout ratio is currently 29.29%.
About H&R Block
(Free report)
H&R Block, Inc., through its subsidiaries, provides income tax preparation assistance and do-it-yourself (DIY) return preparation services and products to the public primarily in the United States, Canada and Australia. The company provides income tax preparation assistance and related services through a system of retail offices operated directly by the company or its franchisees.
References
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