H&R Block, Inc. (NYSE:HRB) CEO Sells $2,453,386.25 in Stock

H&R Block, Inc. (NYSE:HRB) CEO Jeffrey J. Jones II sold 44,975 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $54.55, for a total transaction of $2,453,386.25. Following the sale, the chief executive officer now owns 712,386 shares in the company, valued at approximately $38,860,656.30. The transaction was disclosed in a document filed with the SEC, which is available at this link.

H&R Block Price Performance

Shares of H&R Block stock opened at $56.04 on Thursday. The company’s 50 day moving average price is $51.19 and its two-hundred day moving average price is $48.77. The firm has a market capitalization of $7.82 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.01 and a beta of 0.68. H&R Block, Inc. has a fifty-two week low of $30.66 and a fifty-two week high of $56.63.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Thursday, May 9th. The company reported $4.94 EPS for the quarter, beating analysts’ consensus estimates of $4.66 by $0.28. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. H&R Block had a negative return on equity of 224.81% and a net margin of 17.87%. H&R Block’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $4.20 EPS. On average, analysts expect that H&R Block, Inc. will post 4.29 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 5th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Wednesday, June 5th. H&R Block’s payout ratio is 29.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HRB. Exchange Traded Concepts LLC raised 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 period. Eagle Bay Advisors LLC boosted its holdings in H&R Block by 5.5% in the first quarter. Eagle Bay Advisors LLC now owns 5,035 shares of the company’s stock worth $249,000 after acquiring an additional 263 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in H&R Block by 2.5% in the fourth quarter. First Citizens Bank & Trust Co. now owns 11,966 shares of the company’s stock worth $579,000 after acquiring an additional 291 shares in the last quarter. Truist Financial Corp grew its stake in H&R Block by 4.1% in the fourth quarter. Truist Financial Corp now owns 7,617 shares of the company’s stock valued at $368,000 after acquiring an additional 301 shares during the period. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of H&R Block by 1.0% during the fourth quarter. Stratos Wealth Advisors LLC now owns 34,273 shares of the company’s stock valued at $1,658,000 after acquiring an additional 328 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HRB. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Barrington Research lifted their target price on H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th.

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.