H&R Block, Inc. (NYSE:HRB) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 69.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,903 shares of the company's stock after selling 86,437 shares during the quarter. Teacher Retirement System of Texas' holdings in H&R Block were worth $2,136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its stake in H&R Block by 1,552.2% in the fourth quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock valued at $80,000 after buying an additional 1,428 shares during the last quarter. GAMMA Investing LLC raised its stake 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 stake in H&R Block by 87.0% in the fourth quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock valued at $85,000 after buying an additional 750 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in H&R Block in the fourth quarter valued at about $85,000. Finally, CIBC Private Wealth Group LLC raised its stake in H&R Block by 11.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock valued at $144,000 after buying an additional 263 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Trading Down 0.3%

Shares of HRB stock traded down $0.18 during mid-day trading on Monday, reaching $55.95. The stock had a trading volume of 962,490 shares, compared to its average volume of 1,401,662. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.88 and a beta of 0.24. H&R Block, Inc. has a 1-year low of $49.16 and a 1-year high of $68.45. The business's fifty day moving average is $56.72 and its 200-day moving average is $55.60.

H&R Block (NYSE:HRB - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $5.38 EPS for the quarter, topping the consensus estimate of $5.12 by $0.26. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. H&R Block's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $4.94 earnings per share. On average, analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Wednesday, June 4th. H&R Block's dividend payout ratio (DPR) is 36.76%.

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the sale, the chief executive officer directly owned 844,790 shares of the company's stock, valued at $53,458,311.20. This trade represents a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HRB. Wall Street Zen raised H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Barrington Research reissued an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a report on Friday, April 25th. Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group increased 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.

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.