Allspring Global Investments Holdings LLC Has $5.67 Million Position in H&R Block, Inc. (NYSE:HRB)

Allspring Global Investments Holdings LLC lifted its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 98.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 approximately 0.08% of H&R Block worth $5,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in HRB. SBI Securities Co. Ltd. bought a new stake in H&R Block during the fourth quarter worth $46,000. Harbour Investments Inc. lifted its stake in H&R Block by 1,552.2% during the fourth quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock worth $80,000 after purchasing an additional 1,428 shares during the last quarter. GAMMA Investing LLC lifted its stake in H&R Block by 129.2% during the first 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 lifted its stake in H&R Block by 87.0% during the fourth 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. Finally, Kapitalo Investimentos Ltda bought a new stake in H&R Block during the fourth quarter worth $85,000. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related 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 value of $3,405,096.80. Following the completion of the sale, the chief executive officer directly owned 844,790 shares in the company, valued at $53,458,311.20. This represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

H&R Block Stock Performance

Shares of HRB traded up $0.18 during trading hours on Friday, reaching $56.08. The stock had a trading volume of 522,877 shares, compared to its average volume of 1,394,660. 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 capitalization of $7.51 billion, a PE ratio of 13.75, a PEG ratio of 0.88 and a beta of 0.24. The company's 50-day moving average is $57.27 and its two-hundred day moving average is $55.54.

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. 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 during the quarter, compared to analysts' expectations of $2.25 billion. During the same period in the prior year, the company earned $4.94 EPS. H&R Block's revenue was up 4.2% compared to the same quarter last year. Equities 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were issued 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 2.67%. H&R Block's payout ratio is 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.