H&R Block, Inc. (NYSE:HRB) Shares Sold by Ceera Investments LLC

Ceera Investments LLC cut its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,314 shares of the company’s stock after selling 435 shares during the period. Ceera Investments LLC’s holdings in H&R Block were worth $1,156,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HRB. TriaGen Wealth Management LLC boosted its holdings in shares of H&R Block by 2.4% during the second quarter. TriaGen Wealth Management LLC now owns 8,642 shares of the company’s stock worth $469,000 after purchasing an additional 203 shares during the period. Eagle Bay Advisors LLC boosted its stake in shares of H&R Block by 5.5% during the 1st quarter. Eagle Bay Advisors LLC now owns 5,035 shares of the company’s stock valued at $249,000 after buying an additional 263 shares during the period. Truist Financial Corp grew its holdings in shares of H&R Block by 4.1% during the 4th quarter. Truist Financial Corp now owns 7,617 shares of the company’s stock valued at $368,000 after acquiring an additional 301 shares in the last quarter. Burney Co. increased its stake in shares of H&R Block by 0.6% in the second quarter. Burney Co. now owns 57,327 shares of the company’s stock worth $3,109,000 after acquiring an additional 349 shares during the last quarter. Finally, Ascent Group LLC raised its holdings in shares of H&R Block by 2.8% during the first quarter. Ascent Group LLC now owns 18,451 shares of the company’s stock worth $906,000 after acquiring an additional 498 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on HRB. The Goldman Sachs Group boosted their target price on H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, August 16th. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of H&R Block in a research report on Wednesday, August 14th.

Insider Activity

In other H&R Block news, CFO Tony G. Bowen sold 79,259 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.17, for a total value of $5,165,309.03. Following the sale, the chief financial officer now directly owns 90,095 shares in the company, valued at approximately $5,871,491.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Dara S. Redler sold 9,100 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $64.10, for a total transaction of $583,310.00. Following the sale, the insider now directly owns 22,066 shares in the company, valued at $1,414,430.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Tony G. Bowen sold 79,259 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.17, for a total value of $5,165,309.03. Following the completion of the transaction, the chief financial officer now owns 90,095 shares of the company’s stock, valued at $5,871,491.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,902 shares of company stock valued at $9,455,162. 1.20% of the stock is owned by company insiders.

H&R Block Stock Performance

Shares of NYSE HRB traded down $0.63 during trading hours on Friday, hitting $62.92. 1,380,892 shares of the stock were exchanged, compared to its average volume of 1,158,265. H&R Block, Inc. has a one year low of $38.78 and a one year high of $68.45. The company’s 50 day moving average is $58.38 and its 200 day moving average is $52.48. The company has a debt-to-equity ratio of 16.46, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $8.78 billion, a P/E ratio of 14.40, a P/E/G ratio of 0.96 and a beta of 0.66.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Thursday, August 15th. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.15. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. H&R Block had a net margin of 16.49% and a negative return on equity of 220.05%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 earnings per share. On average, research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, September 5th. This is a positive change from H&R Block’s previous quarterly dividend of $0.32. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.38%. H&R Block’s payout ratio is 34.32%.

H&R Block declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to reacquire up to 16.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.