Rockland Trust Co. Purchases 200 Shares of H&R Block, Inc. (NYSE:HRB)

Rockland Trust Co. boosted its position in H&R Block, Inc. (NYSE:HRB) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,866 shares of the company’s stock after purchasing an additional 200 shares during the period. Rockland Trust Co.’s holdings in H&R Block were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. TFO Wealth Partners LLC grew its stake in H&R Block by 42,333.3% in the fourth quarter. TFO Wealth Partners LLC now owns 1,273 shares of the company’s stock worth $62,000 after purchasing an additional 1,270 shares in the last quarter. Sage Rock Capital Management LP bought a new position in H&R Block during the 4th quarter worth about $160,000. Bridgewater Associates LP increased its position in H&R Block by 15.4% during the 4th quarter. Bridgewater Associates LP now owns 381,030 shares of the company’s stock valued at $18,430,000 after purchasing an additional 50,946 shares during the period. Redwood Investment Management LLC raised its holdings in shares of H&R Block by 239.4% in the 4th quarter. Redwood Investment Management LLC now owns 125,101 shares of the company’s stock valued at $6,051,000 after purchasing an additional 88,246 shares in the last quarter. Finally, Point72 Europe London LLP purchased a new stake in shares of H&R Block in the 4th quarter worth approximately $1,275,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Insiders Place Their Bets

In related news, VP Kellie J. Logerwell sold 8,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $64.41, for a total value of $515,280.00. Following the transaction, the vice president now directly owns 18,474 shares of the company’s stock, valued at $1,189,910.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jeffrey J. Jones II sold 9,722 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total value of $613,166.54. Following the sale, the chief executive officer now owns 893,169 shares in the company, valued at $56,332,168.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kellie J. Logerwell sold 8,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $64.41, for a total transaction of $515,280.00. Following the transaction, the vice president now directly owns 18,474 shares of the company’s stock, valued at approximately $1,189,910.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,927 shares of company stock valued at $7,517,056. Insiders own 1.20% of the company’s stock.

H&R Block Stock Performance

NYSE:HRB remained flat at $62.48 during midday trading on Friday. 665,875 shares of the company were exchanged, compared to its average volume of 1,160,739. The firm has a 50-day moving average price of $61.63 and a 200-day moving average price of $54.58. The company has a debt-to-equity ratio of 16.46, a current ratio of 1.27 and a quick ratio of 1.27. H&R Block, Inc. has a 12 month low of $39.20 and a 12 month high of $68.45. The company has a market cap of $8.72 billion, a PE ratio of 14.30, a PEG ratio of 0.98 and a beta of 0.66.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, August 15th. The company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.15. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $2.05 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Research analysts anticipate that H&R Block, Inc. will post 5.22 earnings per share for the current year.

H&R Block declared that its Board of Directors has initiated a stock buyback plan on Thursday, August 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to buy up to 16.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 5th were paid a $0.375 dividend. The ex-dividend date was Thursday, September 5th. This is a boost from H&R Block’s previous quarterly dividend of $0.32. This represents a $1.50 dividend on an annualized basis and a yield of 2.40%. H&R Block’s dividend payout ratio (DPR) is 34.32%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HRB shares. The Goldman Sachs Group lifted their price objective on shares of H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a report on Friday, August 16th. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of H&R Block in a research report on Wednesday, August 14th.

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.