Investors Purchase High Volume of H&R Block Call Options (HRB)
H&R Block, Inc. (NYSE:HRB) saw unusually large options trading activity on Wednesday. Stock investors bought 4,078 call options on the company. This represents an increase of approximately 1,564% compared to the average volume of 245 call options.
Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of H&R Block by 58.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,567 shares of the company’s stock valued at $106,000 after buying an additional 1,682 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in shares of H&R Block by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 4,640 shares of the company’s stock valued at $108,000 after buying an additional 2,184 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of H&R Block by 15.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,343 shares of the company’s stock valued at $122,000 after buying an additional 695 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of H&R Block during the first quarter valued at $122,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of H&R Block during the first quarter valued at $136,000. 94.34% of the stock is owned by institutional investors and hedge funds.
Shares of H&R Block (NYSE:HRB) traded up 9.389% during trading on Wednesday, reaching $29.524. 9,764,011 shares of the company were exchanged. H&R Block has a one year low of $19.85 and a one year high of $29.89. The stock has a 50-day moving average price of $25.79 and a 200-day moving average price of $23.46. The stock has a market capitalization of $6.12 billion, a PE ratio of 19.841 and a beta of 0.58.
H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.53 by $0.23. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. H&R Block had a net margin of 10.85% and a negative return on equity of 89.55%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.16 EPS. Analysts forecast that H&R Block will post $1.84 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 23rd will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.56%. This is a boost from H&R Block’s previous quarterly dividend of $0.22. H&R Block’s dividend payout ratio is presently 63.31%.
HRB has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of H&R Block from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a report on Thursday, March 9th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of H&R Block in a report on Friday, March 10th. BMO Capital Markets reiterated a “hold” rating on shares of H&R Block in a report on Sunday, March 12th. Finally, BTIG Research reiterated a “buy” rating and set a $17.00 price target on shares of H&R Block in a report on Monday, March 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. H&R Block currently has an average rating of “Hold” and a consensus target price of $25.63.
About H&R Block
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.
Receive News & Ratings for H&R Block Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block Inc. and related companies with MarketBeat.com's FREE daily email newsletter.