Wealth Enhancement Advisory Services LLC Has $876,000 Stake in H&R Block, Inc. (NYSE:HRB)

Wealth Enhancement Advisory Services LLC lowered its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 25.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,950 shares of the company's stock after selling 5,388 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in H&R Block were worth $876,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in H&R Block in the fourth quarter valued at approximately $46,000. Harbour Investments Inc. raised its stake in shares of H&R Block by 1,552.2% during the fourth quarter. Harbour Investments Inc. now owns 1,520 shares of the company's stock valued at $80,000 after acquiring an additional 1,428 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 850 shares during the last quarter. GeoWealth Management LLC raised its position in shares of H&R Block by 87.0% in the 4th quarter. GeoWealth Management LLC now owns 1,612 shares of the company's stock worth $85,000 after acquiring an additional 750 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of H&R Block during the 4th quarter valued at $85,000. Institutional investors own 90.14% of the company's stock.

H&R Block Stock Performance

Shares of NYSE:HRB opened at $55.91 on Thursday. H&R Block, Inc. has a 52-week low of $49.16 and a 52-week high of $68.45. The firm has a market capitalization of $7.48 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.87 and a beta of 0.24. The stock has a 50 day moving average price of $57.40 and a 200-day moving average price of $55.51.

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 for the quarter, beating analysts' consensus estimates of $5.12 by $0.26. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. H&R Block's revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $4.94 EPS. On average, equities analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Wednesday, June 4th. H&R Block's payout ratio is 36.76%.

Insider Transactions at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the 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 directly owned 844,790 shares of the company's stock, valued at $53,458,311.20. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on HRB shares. Barrington Research reissued an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research note on Friday, April 25th. Wall Street Zen upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Northcoast Research lowered H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their price target on H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a research note on Thursday, May 8th.

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.

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