Pallas Capital Advisors LLC Has $692,000 Holdings in H&R Block, Inc. (NYSE:HRB)

Pallas Capital Advisors LLC lifted its stake in shares of H&R Block, Inc. (NYSE:HRB) by 67.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,538 shares of the company’s stock after buying an additional 4,652 shares during the quarter. Pallas Capital Advisors LLC’s holdings in H&R Block were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Rockland Trust Co. raised its holdings in shares of H&R Block by 1.2% in the 3rd quarter. Rockland Trust Co. now owns 16,866 shares of the company’s stock worth $1,072,000 after acquiring an additional 200 shares during the last quarter. TriaGen Wealth Management LLC raised its stake in shares of H&R Block by 2.4% in 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 last quarter. Bank of Montreal Can lifted its holdings in shares of H&R Block by 1.0% in the second quarter. Bank of Montreal Can now owns 24,467 shares of the company’s stock valued at $1,327,000 after purchasing an additional 251 shares in the last quarter. Eagle Bay Advisors LLC boosted its position in shares of H&R Block by 5.5% during the first 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 last quarter. Finally, Axiom Advisory LLC grew its holdings in H&R Block by 1.6% during the third quarter. Axiom Advisory LLC now owns 18,048 shares of the company’s stock worth $1,076,000 after buying an additional 282 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of H&R Block stock opened at $60.70 on Thursday. The firm has a market capitalization of $8.47 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 0.95 and a beta of 0.66. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 16.46. The business’s fifty day simple moving average is $62.51 and its 200 day simple moving average is $56.30. H&R Block, Inc. has a 12 month low of $39.20 and a 12 month high of $68.45.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Thursday, August 15th. The company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.15. H&R Block had a net margin of 16.49% and a negative return on equity of 220.05%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $2.05 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts anticipate that H&R Block, Inc. will post 5.22 EPS for the current year.

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

H&R Block Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 5th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.47%. This is a positive change from H&R Block’s previous quarterly dividend of $0.32. H&R Block’s dividend payout ratio (DPR) is presently 34.32%.

Insider Buying and Selling

In other H&R Block news, CFO Tony G. Bowen sold 79,259 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.17, for a total transaction of $5,165,309.03. Following the completion of the transaction, the chief financial officer now directly owns 90,095 shares of the company’s stock, valued at approximately $5,871,491.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other H&R Block news, CFO Tony G. Bowen sold 79,259 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $65.17, for a total transaction of $5,165,309.03. Following the sale, the chief financial officer now directly owns 90,095 shares of the company’s stock, valued at $5,871,491.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kellie J. Logerwell sold 8,000 shares of H&R Block stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $64.41, for a total transaction of $515,280.00. Following the completion of the transaction, the vice president now owns 18,474 shares of the company’s stock, valued at $1,189,910.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,927 shares of company stock valued at $7,517,056. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HRB has been the topic of several recent analyst reports. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Barrington Research reissued an “outperform” rating and set a $70.00 price target on shares of H&R Block in a research report on Monday. Finally, The Goldman Sachs Group upped their price objective on shares of H&R Block from $39.00 to $44.00 and gave the stock a “sell” rating in a research report on Friday, August 16th.

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.