Insider Selling: H&R Block, Inc. (NYSE:HRB) CEO Sells 44,975 Shares of Stock

H&R Block, Inc. (NYSE:HRB) CEO Jeffrey J. Jones II sold 44,975 shares of H&R Block stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $54.55, for a total transaction of $2,453,386.25. Following the transaction, the chief executive officer now directly owns 712,386 shares in the company, valued at $38,860,656.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

H&R Block Price Performance

Shares of HRB opened at $55.10 on Wednesday. The firm has a 50-day simple moving average of $51.03 and a two-hundred day simple moving average of $48.71. The stock has a market cap of $7.69 billion, a PE ratio of 12.61, a P/E/G ratio of 1.01 and a beta of 0.68. H&R Block, Inc. has a 1-year low of $30.66 and a 1-year high of $55.43.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, May 9th. The company reported $4.94 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.28. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $4.20 EPS. As a group, sell-side analysts expect that H&R Block, Inc. will post 4.29 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors 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 dividend yield of 2.32%. H&R Block’s dividend payout ratio is presently 29.29%.

Hedge Funds Weigh In On H&R Block

Several hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its stake in H&R Block by 91.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock worth $25,000 after purchasing an additional 248 shares during the period. Eagle Bay Advisors LLC increased its stake in H&R Block by 5.5% during the 1st quarter. Eagle Bay Advisors LLC now owns 5,035 shares of the company’s stock worth $249,000 after buying an additional 263 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in H&R Block by 2.5% during the 4th quarter. First Citizens Bank & Trust Co. now owns 11,966 shares of the company’s stock worth $579,000 after buying an additional 291 shares in the last quarter. Truist Financial Corp boosted its position in H&R Block by 4.1% in the 4th quarter. Truist Financial Corp now owns 7,617 shares of the company’s stock valued at $368,000 after buying an additional 301 shares during the period. Finally, Stratos Wealth Advisors LLC grew its stake in shares of H&R Block by 1.0% in the fourth quarter. Stratos Wealth Advisors LLC now owns 34,273 shares of the company’s stock worth $1,658,000 after acquiring an additional 328 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com raised shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Barrington Research lifted their target price on H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th.

About H&R Block

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.