WBI Investments Inc. Invests $3.57 Million in H&R Block, Inc. (NYSE:HRB)

WBI Investments Inc. acquired a new stake in shares of H&R Block, Inc. (NYSE:HRBFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 82,948 shares of the company’s stock, valued at approximately $3,572,000. WBI Investments Inc. owned approximately 0.06% of H&R Block as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. First Republic Investment Management Inc. grew its holdings in H&R Block by 5.0% during the fourth quarter. First Republic Investment Management Inc. now owns 5,927 shares of the company’s stock worth $216,000 after buying an additional 284 shares in the last quarter. CreativeOne Wealth LLC grew its stake in H&R Block by 3.9% in the 3rd quarter. CreativeOne Wealth LLC now owns 8,117 shares of the company’s stock valued at $350,000 after purchasing an additional 302 shares during the period. Thrivent Financial for Lutherans grew its stake in H&R Block by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 42,239 shares of the company’s stock valued at $1,797,000 after purchasing an additional 369 shares during the period. M&T Bank Corp grew its stake in H&R Block by 1.0% in the 3rd quarter. M&T Bank Corp now owns 38,947 shares of the company’s stock valued at $1,677,000 after purchasing an additional 380 shares during the period. Finally, Fifth Third Bancorp grew its stake in H&R Block by 4.0% in the 3rd quarter. Fifth Third Bancorp now owns 10,364 shares of the company’s stock valued at $446,000 after purchasing an additional 395 shares during the period. Institutional investors and hedge funds own 90.89% of the company’s stock.

Insider Buying and Selling at H&R Block

In other H&R Block news, CFO Tony G. Bowen sold 46,892 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $47.10, for a total value of $2,208,613.20. Following the sale, the chief financial officer now owns 125,591 shares of the company’s stock, valued at approximately $5,915,336.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. The Goldman Sachs Group upped their price objective on H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a research note on Wednesday, February 7th. Finally, Barrington Research upped their price objective on H&R Block from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th.

Get Our Latest Report on HRB

H&R Block Stock Up 2.7 %

HRB stock opened at $46.93 on Monday. The company has a debt-to-equity ratio of 46.44, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.89 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 $49.14. The stock has a fifty day moving average of $46.95 and a 200-day moving average of $43.10.

H&R Block (NYSE:HRBGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.58) by $0.31. The business had revenue of $179.10 million for the quarter, compared to analysts’ expectations of $169.45 million. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.37) EPS. As a group, equities research analysts predict that H&R Block, Inc. will post 4.22 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 5th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, March 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.73%. H&R Block’s payout ratio is currently 35.26%.

H&R Block Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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