H&R Block, Inc. (NYSE:HRB - Get Free Report) CEO Jeffrey J. Jones II sold 53,810 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the sale, the chief executive officer now directly owns 844,790 shares of the company's stock, valued at $53,458,311.20. The trade was a 5.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
H&R Block Trading Up 0.0 %
H&R Block stock opened at $63.03 on Friday. The stock has a 50-day moving average price of $54.58 and a 200 day moving average price of $56.31. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46.
H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing analysts' consensus estimates of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. Sell-side analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.
H&R Block Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were given a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.38%. H&R Block's dividend payout ratio is presently 41.32%.
Institutional Trading of H&R Block
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new stake in H&R Block in the fourth quarter valued at approximately $27,000. Spire Wealth Management purchased a new stake in H&R Block during the 4th quarter worth approximately $28,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of H&R Block during the fourth quarter worth approximately $29,000. GAMMA Investing LLC lifted its holdings in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of H&R Block by 52.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock worth $44,000 after buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.
Analyst Upgrades and Downgrades
HRB has been the subject of several analyst reports. StockNews.com lowered H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research reiterated an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th.
View Our Latest Report on HRB
H&R Block Company Profile
(
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H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.
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