H&R Block, Inc. (NYSE:HRB) Shares Sold by Oak Thistle LLC

Oak Thistle LLC cut its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 34.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,023 shares of the company's stock after selling 10,504 shares during the quarter. Oak Thistle LLC's holdings in H&R Block were worth $1,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HRB. Brown Advisory Inc. lifted its holdings in shares of H&R Block by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 11,942 shares of the company's stock valued at $656,000 after buying an additional 191 shares during the period. Bogart Wealth LLC raised its holdings in H&R Block by 42.9% in the 1st quarter. Bogart Wealth LLC now owns 666 shares of the company's stock worth $37,000 after purchasing an additional 200 shares during the period. Bank of Nova Scotia raised its holdings in H&R Block by 4.4% in the 4th quarter. Bank of Nova Scotia now owns 6,170 shares of the company's stock worth $326,000 after purchasing an additional 261 shares during the period. CIBC Private Wealth Group LLC raised its holdings in H&R Block by 11.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock worth $144,000 after purchasing an additional 263 shares during the period. Finally, Invst LLC raised its holdings in H&R Block by 1.5% in the 4th quarter. Invst LLC now owns 18,187 shares of the company's stock worth $961,000 after purchasing an additional 274 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Price Performance

Shares of HRB traded down $0.37 during midday trading on Friday, reaching $55.86. 1,043,305 shares of the stock were exchanged, compared to its average volume of 1,075,134. The business's 50-day moving average price is $56.17 and its 200 day moving average price is $55.77. H&R Block, Inc. has a twelve month low of $49.16 and a twelve month high of $68.45. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.87 and a beta of 0.24.

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 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 firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the company posted $4.94 earnings per share. The business's revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Wednesday, June 4th. H&R Block's dividend payout ratio is presently 36.76%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Northcoast Research cut H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Barrington Research reissued an "outperform" rating and set a $70.00 target price on shares of H&R Block in a report on Friday, April 25th. The Goldman Sachs Group increased their target price on H&R Block from $49.00 to $54.00 and gave the company a "sell" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th.

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.