American International Group Inc. Sells 9,751 Shares of H&R Block, Inc. (NYSE:HRB)

American International Group Inc. reduced its position in shares of H&R Block, Inc. (NYSE:HRB) by 5.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 185,503 shares of the company’s stock after selling 9,751 shares during the quarter. American International Group Inc.’s holdings in H&R Block were worth $9,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in H&R Block during the 1st quarter worth about $28,000. Richardson Financial Services Inc. bought a new stake in H&R Block during the 4th quarter worth about $37,000. Assetmark Inc. bought a new stake in shares of H&R Block in the 4th quarter valued at about $43,000. Daiwa Securities Group Inc. bought a new stake in shares of H&R Block in the 4th quarter valued at about $48,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of H&R Block in the 1st quarter valued at about $49,000. 90.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other H&R Block news, CEO Jeffrey J. Jones II sold 44,975 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 712,386 shares of the company’s stock, valued at approximately $38,860,656.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

H&R Block Stock Up 1.2 %

Shares of HRB traded up $0.68 on Thursday, hitting $56.53. The company’s stock had a trading volume of 229,526 shares, compared to its average volume of 1,083,289. The firm’s fifty day moving average price is $52.90 and its 200-day moving average price is $49.51. H&R Block, Inc. has a fifty-two week low of $33.01 and a fifty-two week high of $57.69. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 0.95 and a beta of 0.68.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, May 9th. The company reported $4.94 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.28. H&R Block had a negative return on equity of 224.81% and a net margin of 17.87%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm posted $4.20 EPS. The business’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts predict that H&R Block, Inc. will post 4.29 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 5th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, June 5th. H&R Block’s dividend payout ratio (DPR) is currently 29.29%.

Analysts Set New Price Targets

A number of analysts have recently commented on HRB shares. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, July 18th. Barrington Research boosted their price objective 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.

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.