H&R Block, Inc. (NYSE:HRB) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 16.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 60,885 shares of the company's stock after selling 11,597 shares during the period. Nisa Investment Advisors LLC's holdings in H&R Block were worth $3,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HRB. Harbour Investments Inc. lifted its stake 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 worth $80,000 after acquiring an additional 1,428 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 worth $83,000 after acquiring an additional 850 shares during the last quarter. GeoWealth Management LLC lifted its stake 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 worth $85,000 after acquiring an additional 750 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of H&R Block during the 4th quarter worth approximately $85,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of H&R Block by 11.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock worth $144,000 after acquiring an additional 263 shares during the last quarter. 90.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised their price target 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. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Barrington Research reaffirmed an "outperform" rating and set a $70.00 target price on shares of H&R Block in a research report on Friday, April 25th. Finally, Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd.

H&R Block Stock Performance

NYSE HRB traded down $0.40 on Monday, reaching $55.74. 134,700 shares of the stock traded hands, compared to its average volume of 1,483,762. The company has a fifty day moving average price of $56.72 and a 200-day moving average price of $55.60. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 0.88 and a beta of 0.24. 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 results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping the consensus estimate of $5.12 by $0.26. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.94 EPS. As a group, research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Wednesday, June 4th. H&R Block's payout ratio is 36.76%.

Insider Activity at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the business's 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 transaction, the chief executive officer directly owned 844,790 shares of the company's stock, valued at approximately $53,458,311.20. The trade was a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company's stock.

H&R Block Company 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.