H&R Block, Inc. (NYSE:HRB) Stock Holdings Boosted by True Vision MN LLC

True Vision MN LLC grew its stake in shares of H&R Block, Inc. (NYSE:HRB) by 17.2% in the third quarter, Holdings Channel.com reports. The fund owned 7,306 shares of the company’s stock after buying an additional 1,072 shares during the quarter. True Vision MN LLC’s holdings in H&R Block were worth $467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eastern Bank acquired a new stake in shares of H&R Block in the third quarter valued at about $25,000. Bogart Wealth LLC lifted its stake in H&R Block by 606.1% during the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Darwin Wealth Management LLC bought a new position in shares of H&R Block in the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of H&R Block in the third quarter valued at approximately $35,000. Finally, Versant Capital Management Inc raised its stake in shares of H&R Block by 4,152.9% in the second quarter. Versant Capital Management Inc now owns 723 shares of the company’s stock valued at $39,000 after acquiring an additional 706 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Insider Activity at H&R Block

In related news, VP Kellie J. Logerwell sold 8,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the transaction, the vice president now owns 18,474 shares in the company, valued at approximately $1,189,910.34. This represents a 30.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey J. Jones II sold 9,722 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $63.07, for a total transaction of $613,166.54. Following the transaction, the chief executive officer now owns 893,169 shares in the company, valued at approximately $56,332,168.83. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

H&R Block Stock Up 0.1 %

NYSE:HRB traded up $0.04 on Wednesday, hitting $59.63. 33,977 shares of the company’s stock were exchanged, compared to its average volume of 1,199,767. The firm has a 50-day moving average price of $61.10 and a 200-day moving average price of $57.89. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45. The company has a market cap of $8.17 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 0.90 and a beta of 0.67.

H&R Block (NYSE:HRB) last released its quarterly earnings data 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 firm had revenue of $193.81 million for the quarter, compared to analyst estimates 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 in the prior year, the firm earned ($1.05) earnings per share. As a group, analysts expect that H&R Block, Inc. will post 5.28 EPS for the current fiscal year.

H&R Block declared that its Board of Directors has initiated a share buyback program on Thursday, August 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 16.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.52%. H&R Block’s dividend payout ratio is presently 36.59%.

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.