H&R Block, Inc. (NYSE:HRB) Shares Sold by AE Wealth Management LLC
AE Wealth Management LLC trimmed its position in H&R Block, Inc. (NYSE:HRB – Get Rating) by 19.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,075 shares of the company's stock after selling 4,025 shares during the quarter. AE Wealth Management LLC's holdings in H&R Block were worth $726,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of HRB. FMR LLC raised its stake in H&R Block by 58.0% during the 2nd quarter. FMR LLC now owns 12,781,335 shares of the company's stock worth $451,436,000 after acquiring an additional 4,690,930 shares in the last quarter. State Street Corp raised its stake in H&R Block by 13.9% during the 1st quarter. State Street Corp now owns 7,889,986 shares of the company's stock worth $207,444,000 after acquiring an additional 961,159 shares in the last quarter. Lazard Asset Management LLC raised its stake in H&R Block by 0.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,944,998 shares of the company's stock worth $154,807,000 after acquiring an additional 40,977 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in H&R Block by 186.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,969,445 shares of the company's stock worth $77,325,000 after acquiring an additional 1,933,031 shares in the last quarter. Finally, Northern Trust Corp raised its stake in H&R Block by 16.9% during the 2nd quarter. Northern Trust Corp now owns 2,301,459 shares of the company's stock worth $81,287,000 after acquiring an additional 331,972 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.
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H&R Block Stock Up 0.7 %
H&R Block stock opened at $37.85 on Friday. H&R Block, Inc. has a twelve month low of $21.08 and a twelve month high of $48.76. The stock has a 50 day moving average of $40.06 and a two-hundred day moving average of $40.98. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 7.03. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 0.77 and a beta of 0.65.
H&R Block (NYSE:HRB – Get Rating) last posted its quarterly earnings data on Tuesday, November 1st. The company reported ($0.99) earnings per share for the quarter, topping analysts' consensus estimates of ($1.04) by $0.05. H&R Block had a negative return on equity of 613.29% and a net margin of 15.56%. The company had revenue of $179.99 million during the quarter, compared to analysts' expectations of $200.14 million. During the same period last year, the firm earned ($0.78) EPS. As a group, research analysts expect that H&R Block, Inc. will post 3.8 earnings per share for the current year.
H&R Block Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Tuesday, December 6th were issued a $0.29 dividend. The ex-dividend date was Monday, December 5th. This represents a $1.16 annualized dividend and a dividend yield of 3.06%. H&R Block's dividend payout ratio is currently 35.69%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. TheStreet cut shares of H&R Block from a "b" rating to a "d+" rating in a report on Tuesday, November 1st. The Goldman Sachs Group upped their price objective on H&R Block from $22.60 to $25.00 and gave the company a "sell" rating in a research note on Thursday, November 3rd. Finally, StockNews.com assumed coverage on H&R Block in a research report on Wednesday, October 12th. They set a "hold" rating for the company.
In other news, CEO Jeffrey J. Jones II sold 18,009 shares of the firm's stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $42.11, for a total value of $758,358.99. Following the completion of the sale, the chief executive officer now directly owns 657,977 shares of the company's stock, valued at approximately $27,707,411.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company's stock.
H&R Block Company Profile
H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.
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