H&R Block, Inc. (NYSE:HRB) Shares Bought by DGS Capital Management LLC

DGS Capital Management LLC grew its holdings in H&R Block, Inc. (NYSE:HRB) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,251 shares of the company’s stock after buying an additional 298 shares during the quarter. DGS Capital Management LLC’s holdings in H&R Block were worth $270,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in H&R Block by 29.7% in the third quarter. Franklin Resources Inc. now owns 250,280 shares of the company’s stock valued at $15,179,000 after acquiring an additional 57,311 shares during the period. Tidal Investments LLC increased its holdings in shares of H&R Block by 70.1% in the 3rd quarter. Tidal Investments LLC now owns 19,495 shares of the company’s stock valued at $1,239,000 after purchasing an additional 8,036 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of H&R Block in the third quarter valued at about $169,000. World Investment Advisors LLC purchased a new stake in H&R Block during the third quarter worth about $201,000. Finally, TD Private Client Wealth LLC grew its position in H&R Block by 38.7% during the third quarter. TD Private Client Wealth LLC now owns 6,076 shares of the company’s stock worth $386,000 after buying an additional 1,695 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at H&R Block

In related news, VP Kellie J. Logerwell sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the completion of the sale, the vice president now directly owns 18,474 shares in the company, valued at approximately $1,189,910.34. The trade was a 30.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HRB shares. Barrington Research reissued an “outperform” rating and set a $70.00 price target on shares of H&R Block in a research note on Friday, November 8th. The Goldman Sachs Group boosted their price objective on shares of H&R Block from $39.00 to $44.00 and gave the stock a “sell” rating in a research report on Friday, August 16th. Finally, StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

H&R Block Trading Down 0.9 %

H&R Block stock opened at $55.50 on Friday. The stock has a 50-day moving average price of $59.53 and a 200 day moving average price of $58.31. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45. The stock has a market cap of $7.61 billion, a PE ratio of 13.54, a P/E/G ratio of 0.86 and a beta of 0.66. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). The firm had revenue of $193.81 million for the quarter, compared to analysts’ expectations of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same quarter last year, the firm earned ($1.05) earnings per share. Equities research analysts predict that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, December 5th. H&R Block’s dividend payout ratio is presently 36.59%.

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.