World Investment Advisors Invests $261,000 in H&R Block, Inc. (NYSE:HRB)

World Investment Advisors purchased a new position in H&R Block, Inc. (NYSE:HRB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,757 shares of the company's stock, valued at approximately $261,000.

Other large investors have also recently made changes to their positions in the company. Truist Financial Corp grew its position in H&R Block by 13.5% during the first quarter. Truist Financial Corp now owns 767,369 shares of the company's stock valued at $42,136,000 after buying an additional 91,075 shares during the period. Miller Howard Investments Inc. NY bought a new stake in H&R Block during the first quarter valued at approximately $30,429,000. Kendall Capital Management grew its position in H&R Block by 4.2% during the first quarter. Kendall Capital Management now owns 54,750 shares of the company's stock valued at $3,006,000 after buying an additional 2,215 shares during the period. Convergence Financial LLC bought a new stake in H&R Block during the first quarter valued at approximately $246,000. Finally, CWC Advisors LLC. grew its position in H&R Block by 31.9% during the first quarter. CWC Advisors LLC. now owns 10,359 shares of the company's stock valued at $569,000 after buying an additional 2,507 shares during the period. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a research report on Friday, May 2nd. 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. The Goldman Sachs Group upped their price target on shares of H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a research report on Thursday, May 8th. Finally, Barrington Research reiterated an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research report on Friday, April 25th.

H&R Block Stock Performance

Shares of HRB traded down $0.18 during mid-day trading on Monday, reaching $55.95. The stock had a trading volume of 962,486 shares, compared to its average volume of 1,487,283. 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 12 month low of $49.16 and a 12 month high of $68.45. The business has a fifty day moving average of $56.72 and a 200 day moving average of $55.60.

H&R Block (NYSE:HRB - Get Free Report) last released 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. H&R Block had a net margin of 15.20% and a negative return on equity of 179.57%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the firm earned $4.94 earnings per share. The company's quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

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

Insider Transactions at H&R Block

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the company's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the sale, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.

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.