H&R Block, Inc. (NYSE:HRB) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in H&R Block, Inc. (NYSE:HRB) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 379,919 shares of the company’s stock after purchasing an additional 3,721 shares during the period. Victory Capital Management Inc. owned 0.26% of H&R Block worth $18,377,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. grew its position in shares of H&R Block by 110.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,768,425 shares of the company’s stock valued at $119,208,000 after buying an additional 1,453,504 shares during the last quarter. California Public Employees Retirement System increased its stake in H&R Block by 91.6% in the 4th quarter. California Public Employees Retirement System now owns 551,156 shares of the company’s stock valued at $26,659,000 after buying an additional 263,546 shares during the period. Ibex Wealth Advisors acquired a new stake in shares of H&R Block in the 3rd quarter worth $9,438,000. NewEdge Wealth LLC boosted its holdings in shares of H&R Block by 22.9% in the third quarter. NewEdge Wealth LLC now owns 1,007,746 shares of the company’s stock valued at $43,394,000 after acquiring an additional 188,023 shares in the last quarter. Finally, Paradiem LLC acquired a new position in shares of H&R Block during the fourth quarter worth about $7,671,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Trading Up 1.4 %

HRB stock opened at $49.21 on Friday. The company’s 50-day moving average price is $47.69 and its 200 day moving average price is $46.69. H&R Block, Inc. has a 52 week low of $28.83 and a 52 week high of $52.90. The company has a market cap of $6.87 billion, a P/E ratio of 13.56, a P/E/G ratio of 0.89 and a beta of 0.69.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Thursday, May 9th. The company reported $4.94 EPS for the quarter, topping the consensus estimate of $4.66 by $0.28. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company earned $4.20 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that H&R Block, Inc. will post 4.25 earnings per share for the current year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 5th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.28 annualized dividend and a yield of 2.60%. H&R Block’s dividend payout ratio (DPR) is presently 35.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a report on Wednesday, February 7th. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, Barrington Research reiterated an “outperform” rating and issued a $55.00 price objective on shares of H&R Block in a research report on Wednesday, May 1st.

Insiders Place Their Bets

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $49.21, for a total value of $4,228,172.41. Following the completion of the transaction, the chief executive officer now directly owns 755,359 shares in the company, valued at $37,171,216.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

H&R Block 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. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.