D.A. Davidson & CO. Has $236,000 Position in H&R Block, Inc. (NYSE:HRB)

D.A. Davidson & CO. reduced its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 59.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,295 shares of the company's stock after selling 6,371 shares during the period. D.A. Davidson & CO.'s holdings in H&R Block were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HRB. Harbour Investments Inc. boosted its position in H&R Block by 1,552.2% during the 4th quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock worth $80,000 after buying an additional 1,428 shares during the period. GAMMA Investing LLC raised its holdings in H&R Block by 129.2% during the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock worth $83,000 after purchasing an additional 850 shares during the last quarter. GeoWealth Management LLC raised its holdings in H&R Block by 87.0% during the 4th quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock worth $85,000 after purchasing an additional 750 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in H&R Block during the 4th quarter worth approximately $85,000. Finally, CIBC Private Wealth Group LLC raised its holdings in H&R Block by 11.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock worth $144,000 after purchasing an additional 263 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer owned 844,790 shares in the company, valued at approximately $53,458,311.20. The trade was a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company's stock.

H&R Block Stock Down 1.1%

NYSE:HRB opened at $56.12 on Friday. The company has a fifty day moving average of $56.72 and a 200-day moving average of $55.58. The firm has a market capitalization of $7.51 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.89 and a beta of 0.24. H&R Block, Inc. has a twelve month low of $49.16 and a twelve month high of $68.45.

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

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.375 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.67%. H&R Block's dividend payout ratio (DPR) is presently 36.76%.

Wall Street Analysts Forecast Growth

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

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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