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

Allspring Global Investments Holdings LLC grew 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. The institutional investor owned 100,601 shares of the company's stock after purchasing an additional 49,827 shares during the quarter. 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.

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

H&R Block Stock Performance

Shares of NYSE:HRB traded up $0.26 on Tuesday, hitting $55.29. 469,105 shares of the company were exchanged, compared to its average volume of 1,389,818. The company's 50 day moving average price is $57.16 and its two-hundred day moving average price is $55.56. H&R Block, Inc. has a one year low of $49.16 and a one year high of $68.45. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.88 and a beta of 0.24.

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 net margin of 15.20% and a negative return on equity of 179.57%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the firm posted $4.94 EPS. The business's revenue was up 4.2% compared to the same quarter last year. Research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a dividend of $0.375 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.71%. H&R Block's dividend payout ratio (DPR) is currently 36.76%.

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction dated 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 sale, the chief executive officer directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

HRB has been the topic of a number of research analyst reports. Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a research note 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. The Goldman Sachs Group raised their target price 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. Finally, Barrington Research restated an "outperform" rating and set 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.