Redwood Investment Management LLC Purchases 26,102 Shares of H&R Block, Inc. (NYSE:HRB)

Redwood Investment Management LLC grew its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,452 shares of the company's stock after buying an additional 26,102 shares during the period. H&R Block comprises 0.5% of Redwood Investment Management LLC's portfolio, making the stock its 24th largest position. Redwood Investment Management LLC owned 0.07% of H&R Block worth $5,414,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in H&R Block during the 4th quarter worth approximately $27,000. Spire Wealth Management bought a new position in H&R Block during the 4th quarter worth approximately $28,000. Newbridge Financial Services Group Inc. bought a new position in H&R Block during the 4th quarter worth approximately $29,000. GAMMA Investing LLC lifted its holdings in H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after buying an additional 258 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of H&R Block by 52.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock worth $44,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 90.14% of the company's stock.

Insider Activity at H&R Block

In other H&R Block 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 transaction, the chief executive officer now directly owns 844,790 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company's stock.

H&R Block Price Performance

Shares of NYSE HRB traded up $0.92 during mid-day trading on Friday, reaching $57.65. The company had a trading volume of 1,358,220 shares, compared to its average volume of 1,380,608. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock has a market cap of $7.72 billion, a PE ratio of 15.88, a P/E/G ratio of 0.80 and a beta of 0.28. The company has a 50-day moving average price of $57.10 and a two-hundred day moving average price of $56.05. H&R Block, Inc. has a 1-year low of $48.23 and a 1-year high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.12 by $0.26. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.25 billion. H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.94 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.60%. H&R Block's payout ratio is 36.76%.

Analyst Upgrades and Downgrades

HRB has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on H&R Block from $49.00 to $54.00 and gave the stock a "sell" rating in a report on Thursday, May 8th. Barrington Research reissued an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a report on Friday, April 25th. StockNews.com raised H&R Block from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Northcoast Research downgraded H&R Block from a "buy" rating to a "neutral" rating in a report on Friday, May 2nd.

About H&R Block

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.