Financial Counselors Inc. Has $9.76 Million Holdings in H&R Block, Inc. (NYSE:HRB)

Financial Counselors Inc. cut its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,709 shares of the company's stock after selling 5,714 shares during the quarter. Financial Counselors Inc. owned about 0.13% of H&R Block worth $9,758,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC increased its position in shares of H&R Block by 25.6% during the first quarter. TD Private Client Wealth LLC now owns 8,745 shares of the company's stock worth $480,000 after buying an additional 1,784 shares during the period. Envestnet Asset Management Inc. increased its position in shares of H&R Block by 17.7% during the first quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company's stock worth $38,639,000 after buying an additional 105,973 shares during the period. World Investment Advisors acquired a new stake in shares of H&R Block during the first quarter worth $261,000. Truist Financial Corp grew its holdings in H&R Block by 13.5% in the first quarter. Truist Financial Corp now owns 767,369 shares of the company's stock worth $42,136,000 after purchasing an additional 91,075 shares during the period. Finally, Miller Howard Investments Inc. NY acquired a new stake in H&R Block in the first quarter worth $30,429,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

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 firm's stock in a transaction on 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 directly owned 844,790 shares of the company's stock, valued at approximately $53,458,311.20. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

HRB has been the subject of a number of research reports. The Goldman Sachs Group raised their price target 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. Northcoast Research cut 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 report on Friday, May 9th. Finally, Barrington Research restated an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a report on Friday, April 25th.

H&R Block Trading Down 2.0%

NYSE:HRB opened at $54.99 on Tuesday. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 0.88 and a beta of 0.24. The firm has a fifty day simple moving average of $57.16 and a two-hundred day simple moving average of $55.56. H&R Block, Inc. has a 12 month low of $49.16 and a 12 month high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data 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. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the firm earned $4.94 earnings per share. The business's quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Wednesday, June 4th. H&R Block's dividend payout ratio (DPR) is 36.76%.

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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