NBC Securities Inc. Has $889,000 Holdings in H&R Block, Inc. (NYSE:HRB)

NBC Securities Inc. boosted its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 107,926.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,204 shares of the company's stock after buying an additional 16,189 shares during the period. NBC Securities Inc.'s holdings in H&R Block were worth $889,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. CIBC Asset Management Inc lifted its position in H&R Block by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock valued at $225,000 after purchasing an additional 222 shares during the period. US Bancorp DE lifted its position in H&R Block by 1.9% during the 4th quarter. US Bancorp DE now owns 12,358 shares of the company's stock valued at $653,000 after purchasing an additional 233 shares during the period. Avantax Advisory Services Inc. lifted its position in H&R Block by 3.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 6,909 shares of the company's stock valued at $365,000 after purchasing an additional 259 shares during the period. Bank of Nova Scotia lifted its position in H&R Block by 4.4% during the 4th quarter. Bank of Nova Scotia now owns 6,170 shares of the company's stock valued at $326,000 after purchasing an additional 261 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in 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 valued at $144,000 after purchasing an additional 263 shares during the period. Institutional investors and hedge funds own 90.14% of the company's stock.

Wall Street Analyst Weigh In

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

H&R Block Stock Up 0.8%

NYSE HRB traded up $0.49 during trading hours on Friday, reaching $58.24. 1,049,395 shares of the company's stock were exchanged, compared to its average volume of 1,388,030. The company's 50-day moving average is $58.60 and its two-hundred day moving average is $55.83. H&R Block, Inc. has a one year low of $48.78 and a one year high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.80 and a beta of 0.25.

H&R Block (NYSE:HRB - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.12 by $0.26. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The business 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 business earned $4.94 EPS. H&R Block's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.58%. H&R Block's dividend payout ratio is currently 36.76%.

Insider Transactions at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 844,790 shares of the company's stock, valued at $53,458,311.20. This trade represents a 5.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company's stock.

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.