H&R Block, Inc. (NYSE:HRB) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 18.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 126,486 shares of the company's stock after acquiring an additional 19,411 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.09% of H&R Block worth $6,945,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of H&R Block during the 4th quarter valued at about $46,000. GAMMA Investing LLC grew its position in shares of H&R Block by 129.2% during the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock valued at $83,000 after acquiring an additional 850 shares during the period. Harbour Investments Inc. grew its position in shares of H&R Block by 1,552.2% during the 4th quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock valued at $80,000 after acquiring an additional 1,428 shares during the period. GeoWealth Management LLC grew its position in shares of H&R Block by 87.0% during the 4th quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock valued at $85,000 after acquiring an additional 750 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of H&R Block during the 4th quarter valued at about $85,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Trading Down 2.0%

HRB stock opened at $54.99 on Tuesday. H&R Block, Inc. has a 12-month low of $49.16 and a 12-month high of $68.45. The stock has a market cap 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 business's 50-day moving average is $57.16 and its 200 day moving average is $55.56.

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

H&R Block Dividend Announcement

The firm also recently announced 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 yield of 2.73%. The ex-dividend date was Wednesday, June 4th. H&R Block's dividend payout ratio (DPR) is 36.76%.

Insiders Place Their Bets

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of the firm's stock in a transaction that occurred 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 $53,458,311.20. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HRB shares. The Goldman Sachs Group raised their target price on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Northcoast Research cut H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Finally, Barrington Research reiterated an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a report on Friday, April 25th.

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.

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