CWA Asset Management Group LLC Has $1.23 Million Stake in H&R Block, Inc. (NYSE:HRB)

CWA Asset Management Group LLC boosted its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 32.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,426 shares of the company's stock after acquiring an additional 5,539 shares during the period. CWA Asset Management Group LLC's holdings in H&R Block were worth $1,231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ritholtz Wealth Management lifted its position in H&R Block by 1.3% during the 1st quarter. Ritholtz Wealth Management now owns 32,605 shares of the company's stock worth $1,790,000 after acquiring an additional 410 shares during the last quarter. Fifth Third Bancorp lifted its position in H&R Block by 3.9% during the 1st quarter. Fifth Third Bancorp now owns 10,864 shares of the company's stock worth $597,000 after acquiring an additional 405 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of H&R Block by 140.6% during the 1st quarter. SG Americas Securities LLC now owns 14,514 shares of the company's stock worth $797,000 after purchasing an additional 8,482 shares during the period. Abacus FCF Advisors LLC increased its holdings in shares of H&R Block by 14.8% during the 1st quarter. Abacus FCF Advisors LLC now owns 74,038 shares of the company's stock worth $4,065,000 after purchasing an additional 9,527 shares during the period. Finally, Ibex Wealth Advisors increased its holdings in shares of H&R Block by 0.7% during the 1st quarter. Ibex Wealth Advisors now owns 194,888 shares of the company's stock worth $10,701,000 after purchasing an additional 1,280 shares during the period. Institutional investors and hedge funds own 90.14% of the company's stock.

Analyst Ratings Changes

HRB has been the topic of several research reports. Barrington Research restated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a report on Friday, April 25th. Wall Street Zen upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Northcoast Research downgraded shares of H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group boosted their price objective on shares of H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a report on Thursday, May 8th.

Insider Buying and Selling at H&R Block

In other H&R Block 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company's stock.

H&R Block Trading Up 0.8%

NYSE HRB traded up $0.42 on Monday, reaching $55.30. The company's stock had a trading volume of 1,121,242 shares, compared to its average volume of 1,390,326. The firm has a market cap of $7.40 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.84 and a beta of 0.25. The business has a 50-day moving average price of $58.30 and a 200 day moving average price of $55.55. H&R Block, Inc. has a 52 week low of $49.16 and a 52 week high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share for the quarter, beating analysts' consensus estimates of $5.12 by $0.26. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.25 billion. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.94 earnings per share. Analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be given a $0.375 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.71%. H&R Block's dividend payout ratio (DPR) is presently 36.76%.

About H&R Block

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.