SG Americas Securities LLC grew its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 140.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,514 shares of the company's stock after acquiring an additional 8,482 shares during the quarter. SG Americas Securities LLC's holdings in H&R Block were worth $797,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in H&R Block in the 4th quarter valued at about $46,000. Harbour Investments Inc. raised its stake in H&R Block by 1,552.2% in 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 boosted its position in H&R Block by 129.2% in the first quarter. GAMMA Investing LLC now owns 1,508 shares of the company's stock valued at $83,000 after buying an additional 850 shares during the last quarter. GeoWealth Management LLC raised its holdings in shares of H&R Block by 87.0% during the fourth quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock worth $85,000 after purchasing an additional 750 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of H&R Block in the 4th quarter valued at about $85,000. Hedge funds and other institutional investors own 90.14% of the company's stock.
Analyst Ratings Changes
HRB has been the subject of a number of analyst reports. Northcoast Research downgraded shares of H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a report on Friday, April 25th. The Goldman Sachs Group upped their price objective 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 shares of H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.
View Our Latest Stock Analysis on H&R Block
Insider Buying and Selling
In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 844,790 shares in the company, valued at approximately $53,458,311.20. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.
H&R Block Price Performance
HRB stock opened at $55.09 on Friday. The business's 50-day moving average is $58.49 and its two-hundred day moving average is $55.62. H&R Block, Inc. has a 1 year low of $49.16 and a 1 year high of $68.45. The firm has a market capitalization of $7.38 billion, a P/E ratio of 13.50, a P/E/G ratio of 0.84 and a beta of 0.25.
H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.28 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.94 EPS. On average, analysts expect that H&R Block, Inc. will post 5.25 EPS 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 given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.72%. H&R Block's dividend payout ratio (DPR) is presently 36.76%.
About H&R Block
(
Free Report)
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.
Further Reading
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