Css LLC Il Boosts Stock Position in H&R Block, Inc. (NYSE:HRB)

Css LLC Il raised its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 118.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,138 shares of the company's stock after buying an additional 14,690 shares during the period. Css LLC Il's holdings in H&R Block were worth $1,434,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of H&R Block by 17.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 822,378 shares of the company's stock worth $43,454,000 after acquiring an additional 124,277 shares in the last quarter. Vident Advisory LLC increased its stake in H&R Block by 280.9% in the fourth quarter. Vident Advisory LLC now owns 20,094 shares of the company's stock valued at $1,062,000 after purchasing an additional 14,819 shares during the last quarter. Sovereign s Capital Management LLC acquired a new stake in H&R Block during the fourth quarter worth approximately $842,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of H&R Block during the 4th quarter worth approximately $933,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of H&R Block during the 4th quarter worth approximately $267,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Down 0.1%

Shares of NYSE:HRB opened at $57.96 on Wednesday. H&R Block, Inc. has a 1-year low of $48.23 and a 1-year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $7.76 billion, a P/E ratio of 15.97, a P/E/G ratio of 0.80 and a beta of 0.28. The firm has a fifty day moving average price of $57.42 and a 200 day moving average price of $56.02.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.26. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.94 earnings per share. Sell-side analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.59%. H&R Block's payout ratio is currently 36.76%.

Insider Transactions at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the transaction, the chief executive officer now directly owns 844,790 shares in the company, valued at $53,458,311.20. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Northcoast Research downgraded shares of H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. StockNews.com raised H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. The Goldman Sachs Group boosted their target price on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a report on Thursday, May 8th. Finally, Barrington Research reissued an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a research report on Friday, April 25th.

H&R Block Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.

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