H&R Block, Inc. (NYSE:HRB) Shares Bought by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC raised its position in H&R Block, Inc. (NYSE:HRBFree Report) by 1,200.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 650 shares of the company’s stock after acquiring an additional 600 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in H&R Block were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of H&R Block by 13.9% during the first quarter. State Street Corp now owns 7,889,986 shares of the company’s stock worth $207,444,000 after buying an additional 961,159 shares during the period. Lazard Asset Management LLC lifted its stake in shares of H&R Block by 29.6% during the second quarter. Lazard Asset Management LLC now owns 6,622,014 shares of the company’s stock worth $211,042,000 after buying an additional 1,512,508 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of H&R Block by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,844,387 shares of the company’s stock worth $165,539,000 after buying an additional 118,329 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of H&R Block by 110.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,768,425 shares of the company’s stock worth $119,208,000 after buying an additional 1,453,504 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of H&R Block by 4.5% during the second quarter. Geode Capital Management LLC now owns 2,331,904 shares of the company’s stock worth $74,318,000 after buying an additional 100,048 shares during the period. 90.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HRB shares. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group raised their target price on shares of H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a report on Wednesday, February 7th. Finally, Barrington Research raised their target price on shares of H&R Block from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th.

Get Our Latest Report on H&R Block

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $49.21, for a total transaction of $4,228,172.41. Following the completion of the sale, the chief executive officer now owns 755,359 shares of the company’s stock, valued at $37,171,216.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

H&R Block Stock Down 1.6 %

HRB opened at $48.15 on Friday. H&R Block, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $50.29. The company has a debt-to-equity ratio of 46.44, a quick ratio of 1.21 and a current ratio of 1.21. The company has a fifty day moving average of $47.36 and a two-hundred day moving average of $44.29. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.94 and a beta of 0.70.

H&R Block (NYSE:HRBGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported ($1.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.58) by $0.31. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The company had revenue of $179.10 million during the quarter, compared to analysts’ expectations of $169.45 million. During the same quarter in the previous year, the company earned ($1.37) earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 5th will be issued a $0.32 dividend. The ex-dividend date is Monday, March 4th. This represents a $1.28 dividend on an annualized basis and a yield of 2.66%. H&R Block’s payout ratio is 35.26%.

H&R Block Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding HRB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&R Block, Inc. (NYSE:HRBFree Report).

Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

Receive News & Ratings for H&R Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&R Block and related companies with MarketBeat.com's FREE daily email newsletter.