H&R Block, Inc. (NYSE:HRB) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in shares of H&R Block, Inc. (NYSE:HRB) by 17.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,258 shares of the company’s stock after purchasing an additional 3,405 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in H&R Block were worth $1,125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HRB. Exchange Traded Concepts LLC grew its holdings in shares of H&R Block by 91.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock valued at $25,000 after purchasing an additional 248 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in H&R Block by 1,200.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock worth $28,000 after buying an additional 600 shares during the last quarter. Ronald Blue Trust Inc. lifted its stake in H&R Block by 129.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,077 shares of the company’s stock valued at $46,000 after buying an additional 608 shares during the last quarter. HM Payson & Co. acquired a new position in shares of H&R Block during the third quarter valued at $50,000. Finally, Acadian Asset Management LLC bought a new position in shares of H&R Block during the third quarter worth about $56,000. 90.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at H&R Block

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of H&R Block stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $49.21, for a total value of $4,228,172.41. Following the transaction, the chief executive officer now owns 755,359 shares of the company’s stock, valued at approximately $37,171,216.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by insiders.

H&R Block Stock Up 1.0 %

Shares of H&R Block stock opened at $47.29 on Tuesday. The business has a fifty day simple moving average of $47.70 and a 200-day simple moving average of $46.30. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.88 and a beta of 0.70. H&R Block, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $52.90.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.58) by $0.31. The company had revenue of $179.10 million during the quarter, compared to the consensus estimate of $169.45 million. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. H&R Block’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned ($1.37) EPS. Analysts anticipate that H&R Block, Inc. will post 4.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 5th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Monday, March 4th. H&R Block’s payout ratio is 35.26%.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. The Goldman Sachs Group raised their target price on shares of H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a research note on Wednesday, February 7th.

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.