Allspring Global Investments Holdings LLC Purchases 49,827 Shares of H&R Block, Inc. (NYSE:HRB)

Allspring Global Investments Holdings LLC increased its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 98.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,601 shares of the company's stock after buying an additional 49,827 shares during the period. Allspring Global Investments Holdings LLC owned about 0.08% of H&R Block worth $5,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HRB. Raymond James Financial Inc. acquired a new stake in shares of H&R Block during the 4th quarter worth approximately $10,725,000. Martingale Asset Management L P grew its holdings in H&R Block by 620.0% during the 4th quarter. Martingale Asset Management L P now owns 29,225 shares of the company's stock worth $1,544,000 after acquiring an additional 25,166 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of H&R Block in the 1st quarter valued at about $1,317,000. GAMMA Investing LLC lifted its position in shares of H&R Block by 12,484.2% during the 1st quarter. GAMMA Investing LLC now owns 82,804 shares of the company's stock worth $4,547,000 after buying an additional 82,146 shares during the last quarter. Finally, Ruffer LLP purchased a new stake in H&R Block in the fourth quarter valued at $4,203,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Performance

Shares of NYSE HRB traded down $1.13 during midday trading on Monday, reaching $54.99. 1,078,576 shares of the company's stock were exchanged, compared to its average volume of 1,393,396. H&R Block, Inc. has a 52-week low of $49.16 and a 52-week high of $68.45. The business's fifty day moving average price is $57.27 and its two-hundred day moving average price is $55.55. The stock has a market capitalization of $7.36 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.88 and a beta of 0.24.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.26. The firm 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 15.20% and a negative return on equity of 179.57%. The firm's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.94 earnings per share. Analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the stock in a transaction on Wednesday, April 16th. The stock was 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. This represents a 5.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Northcoast Research downgraded shares of H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. Barrington Research restated an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research report on Friday, April 25th. Wall Street Zen upgraded H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, 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 research note on Thursday, May 8th.

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.