Raiffeisen Bank International AG Purchases Shares of 5,114 H&R Block, Inc. (NYSE:HRB)

Raiffeisen Bank International AG acquired a new position in H&R Block, Inc. (NYSE:HRB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,114 shares of the company's stock, valued at approximately $267,000.

Other large investors have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in H&R Block in the fourth quarter worth $27,000. Spire Wealth Management purchased a new position in H&R Block in the fourth quarter worth $28,000. Newbridge Financial Services Group Inc. purchased a new position in H&R Block in the fourth quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. raised its position in H&R Block by 52.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock worth $44,000 after acquiring an additional 289 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of H&R Block in the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

Insider Activity at H&R Block

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were 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 now owns 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

H&R Block Price Performance

Shares of HRB stock traded up $0.20 during mid-day trading on Friday, reaching $57.80. The stock had a trading volume of 891,607 shares, compared to its average volume of 1,383,276. H&R Block, Inc. has a 12-month low of $48.23 and a 12-month high of $68.45. The company has a market cap of $7.74 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 0.80 and a beta of 0.28. The business has a 50-day simple moving average of $57.80 and a 200 day simple moving average of $55.95. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.26. H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the company posted $4.94 EPS. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, June 4th. H&R Block's payout ratio is 36.76%.

H&R Block 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.