Kellie J. Logerwell Sells 800 Shares of H&R Block, Inc. (NYSE:HRB) Stock
H&R Block, Inc. (NYSE:HRB) VP Kellie J. Logerwell sold 800 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $30.71, for a total value of $24,568.00. Following the completion of the transaction, the vice president now directly owns 4,410 shares of the company’s stock, valued at $135,431.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of H&R Block, Inc. (NYSE HRB) traded down 0.72% during mid-day trading on Monday, hitting $30.31. The stock had a trading volume of 2,816,642 shares. H&R Block, Inc. has a 1-year low of $19.85 and a 1-year high of $31.70. The stock’s 50-day moving average price is $27.73 and its 200 day moving average price is $24.16. The company has a market capitalization of $6.28 billion, a P/E ratio of 15.92 and a beta of 0.54.
H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, June 13th. The company reported $3.76 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.23. H&R Block had a negative return on equity of 104.14% and a net margin of 13.47%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company earned $3.16 EPS. H&R Block’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that H&R Block, Inc. will post $1.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 23rd were given a dividend of $0.24 per share. This is an increase from H&R Block’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Wednesday, June 21st. H&R Block’s dividend payout ratio is currently 47.76%.
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Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of H&R Block by 3,441.6% in the first quarter. BlackRock Inc. now owns 32,777,593 shares of the company’s stock worth $762,078,000 after buying an additional 31,852,089 shares during the last quarter. Norges Bank purchased a new position in shares of H&R Block during the fourth quarter worth about $49,036,000. Ameriprise Financial Inc. boosted its position in shares of H&R Block by 1,108.4% in the first quarter. Ameriprise Financial Inc. now owns 977,722 shares of the company’s stock worth $22,736,000 after buying an additional 896,811 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of H&R Block by 658.1% in the first quarter. JPMorgan Chase & Co. now owns 883,278 shares of the company’s stock worth $20,535,000 after buying an additional 766,763 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of H&R Block during the first quarter worth about $17,768,000. Institutional investors and hedge funds own 92.91% of the company’s stock.
Several research analysts recently commented on HRB shares. Morgan Stanley raised their target price on H&R Block from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 14th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $29.00 target price (up from $27.00) on shares of H&R Block in a research report on Wednesday, June 14th. Zacks Investment Research cut H&R Block from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. BMO Capital Markets lifted their price objective on H&R Block from $26.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, June 16th. Finally, BTIG Research reissued a “sell” rating and set a $17.00 price objective on shares of H&R Block in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. H&R Block presently has a consensus rating of “Hold” and an average target price of $27.67.
H&R Block Company Profile
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.
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