Lindenwold Advisors INC Invests $351,000 in H&R Block, Inc. (NYSE:HRB)

Lindenwold Advisors INC purchased a new stake in shares of H&R Block, Inc. (NYSE:HRB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,523 shares of the company’s stock, valued at approximately $351,000.

Several other institutional investors have also recently bought and sold shares of HRB. Eastern Bank acquired a new stake in shares of H&R Block in the third quarter valued at $25,000. Bogart Wealth LLC increased its position in H&R Block by 606.1% in the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of H&R Block in the third quarter worth about $35,000. Versant Capital Management Inc lifted its position in shares of H&R Block by 4,152.9% during the second quarter. Versant Capital Management Inc now owns 723 shares of the company’s stock worth $39,000 after purchasing an additional 706 shares in the last quarter. Finally, Quest Partners LLC grew its stake in shares of H&R Block by 2,756.0% during the second quarter. Quest Partners LLC now owns 714 shares of the company’s stock valued at $39,000 after purchasing an additional 689 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

HRB has been the topic of several research reports. Barrington Research reaffirmed an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a report on Friday, November 8th. The Goldman Sachs Group raised their price target on H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a report on Friday, August 16th. Finally, StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a report on Friday, August 16th.

Insider Transactions at H&R Block

In other news, VP Kellie J. Logerwell sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $64.41, for a total transaction of $515,280.00. Following the sale, the vice president now owns 18,474 shares of the company’s stock, valued at $1,189,910.34. This trade represents a 30.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey J. Jones II sold 9,722 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 893,169 shares of the company’s stock, valued at $56,332,168.83. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

H&R Block Stock Performance

Shares of H&R Block stock opened at $60.39 on Tuesday. The firm has a fifty day moving average of $61.69 and a two-hundred day moving average of $57.58. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.91 and a beta of 0.67. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45.

H&R Block (NYSE:HRB) last released its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The company had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same period in the previous year, the company posted ($1.05) EPS. As a group, equities research analysts predict that H&R Block, Inc. will post 5.28 EPS for the current year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.48%. H&R Block’s dividend payout ratio (DPR) is presently 36.59%.

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

H&R Block 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.