Kennondale Capital Management LLC Has $1.61 Million Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Kennondale Capital Management LLC boosted its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 885.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,286 shares of the company's stock after buying an additional 26,314 shares during the period. H&R Block makes up about 1.8% of Kennondale Capital Management LLC's holdings, making the stock its 22nd biggest position. Kennondale Capital Management LLC's holdings in H&R Block were worth $1,608,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in H&R Block by 98.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 100,601 shares of the company's stock valued at $5,667,000 after buying an additional 49,827 shares during the period. Truist Financial Corp raised its position in H&R Block by 13.5% during the first quarter. Truist Financial Corp now owns 767,369 shares of the company's stock valued at $42,136,000 after buying an additional 91,075 shares during the period. Envestnet Asset Management Inc. raised its position in H&R Block by 17.7% during the first quarter. Envestnet Asset Management Inc. now owns 703,672 shares of the company's stock valued at $38,639,000 after buying an additional 105,973 shares during the period. Asset Management One Co. Ltd. acquired a new position in H&R Block during the first quarter valued at $1,317,000. Finally, Martingale Asset Management L P raised its position in H&R Block by 620.0% during the fourth quarter. Martingale Asset Management L P now owns 29,225 shares of the company's stock valued at $1,544,000 after buying an additional 25,166 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

H&R Block Stock Performance

Shares of HRB traded down $0.42 during trading hours on Thursday, hitting $56.22. 493,790 shares of the company were exchanged, compared to its average volume of 1,450,192. The company has a market cap of $7.53 billion, a PE ratio of 13.78, a PEG ratio of 0.88 and a beta of 0.24. The firm's 50 day moving average is $56.21 and its 200-day moving average is $55.71. H&R Block, Inc. has a 52 week low of $49.16 and a 52 week 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.26. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. The firm's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.94 EPS. As a group, equities analysts forecast 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 paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.67%. H&R Block's dividend payout ratio (DPR) is presently 36.76%.

Wall Street Analyst Weigh In

HRB has been the topic of a number of recent research reports. Wall Street Zen upgraded H&R Block from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Northcoast Research downgraded H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group boosted their target price on 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 issued a $70.00 target price on shares of H&R Block in a research note 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.