H&R Block, Inc. (NYSE:HRB) Shares Acquired by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC grew its holdings in H&R Block, Inc. (NYSE:HRB) by 12.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,395 shares of the company’s stock after purchasing an additional 2,089 shares during the period. Measured Wealth Private Client Group LLC’s holdings in H&R Block were worth $952,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in H&R Block during the 4th quarter worth about $82,605,000. BNP Paribas Financial Markets lifted its stake in H&R Block by 415.0% during the 4th quarter. BNP Paribas Financial Markets now owns 782,288 shares of the company’s stock worth $37,839,000 after acquiring an additional 630,384 shares in the last quarter. Prevatt Capital Ltd acquired a new position in H&R Block during the 4th quarter worth about $17,413,000. Blue Whale Capital LLP lifted its stake in H&R Block by 636.4% during the 4th quarter. Blue Whale Capital LLP now owns 405,000 shares of the company’s stock worth $19,590,000 after acquiring an additional 350,000 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in H&R Block by 91.6% during the 4th quarter. California Public Employees Retirement System now owns 551,156 shares of the company’s stock worth $26,659,000 after acquiring an additional 263,546 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 44,975 shares of the firm’s stock in a transaction that occurred on 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 owns 712,386 shares in the company, valued at approximately $38,860,656.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HRB shares. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Barrington Research increased their price target 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.

H&R Block Price Performance

Shares of HRB traded up $0.37 during mid-day trading on Tuesday, reaching $55.10. The company’s stock had a trading volume of 1,057,691 shares, compared to its average volume of 1,118,433. H&R Block, Inc. has a 12-month low of $30.66 and a 12-month high of $55.43. The stock has a market cap of $7.69 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 1.01 and a beta of 0.68. The company’s 50 day moving average is $51.03 and its 200 day moving average is $48.71.

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

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $1.28 dividend on an annualized basis and a yield of 2.32%. H&R Block’s dividend payout ratio is presently 29.29%.

H&R Block Company 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.