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.

Insider Buying and Selling by Quarter for H&R Block (NYSE:HRB)

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