H&R Block, Inc. (NYSE:HRB) Shares Sold by Xponance Inc.

Xponance Inc. lowered its stake in shares of H&R Block, Inc. (NYSE:HRB) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,424 shares of the company’s stock after selling 2,312 shares during the quarter. Xponance Inc.’s holdings in H&R Block were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Trexquant Investment LP increased its holdings in H&R Block by 198.1% during the 3rd quarter. Trexquant Investment LP now owns 223,138 shares of the company’s stock worth $9,608,000 after purchasing an additional 148,274 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of H&R Block by 33.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 155,054 shares of the company’s stock worth $7,500,000 after buying an additional 38,476 shares during the period. Assenagon Asset Management S.A. acquired a new stake in H&R Block in the fourth quarter valued at approximately $1,228,000. American Century Companies Inc. lifted its stake in H&R Block by 14.2% in the third quarter. American Century Companies Inc. now owns 514,674 shares of the company’s stock worth $22,162,000 after acquiring an additional 63,942 shares during the last quarter. Finally, AXQ Capital LP acquired a new position in H&R Block during the 3rd quarter worth approximately $1,184,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HRB has been the topic of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a report on Wednesday, February 7th. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

H&R Block Stock Up 0.6 %

Shares of H&R Block stock opened at $47.93 on Thursday. The firm has a market capitalization of $6.69 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.89 and a beta of 0.70. H&R Block, Inc. has a 52 week low of $28.83 and a 52 week high of $52.90. The firm’s 50 day moving average is $47.72 and its two-hundred day moving average is $46.35.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) EPS for the quarter, topping the consensus estimate of ($1.58) by $0.31. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The firm had revenue of $179.10 million for the quarter, compared to analyst estimates of $169.45 million. During the same period last year, the business earned ($1.37) EPS. H&R Block’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts expect that H&R Block, Inc. will post 4.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 5th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.67%. H&R Block’s dividend payout ratio (DPR) is presently 35.26%.

Insider Buying and Selling

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 755,359 shares of the company’s stock, valued at $37,171,216.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

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.