Pathstone Holdings LLC Boosts Stake in H&R Block, Inc. (NYSE:HRB)

Pathstone Holdings LLC lifted its holdings in H&R Block, Inc. (NYSE:HRB) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,891 shares of the company’s stock after purchasing an additional 1,357 shares during the period. Pathstone Holdings LLC’s holdings in H&R Block were worth $1,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Eastern Bank purchased a new stake in H&R Block during the 3rd quarter worth approximately $25,000. Bogart Wealth LLC raised its stake in shares of H&R Block by 606.1% in the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of H&R Block in the 3rd quarter valued at $35,000. Harbor Capital Advisors Inc. acquired a new position in H&R Block during the 3rd quarter worth $40,000. Finally, Quest Partners LLC lifted its position in shares of H&R Block by 2,756.0% during the 2nd quarter. Quest Partners LLC now owns 714 shares of the company’s stock worth $39,000 after purchasing an additional 689 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barrington Research reissued an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Friday, November 8th. The Goldman Sachs Group boosted their price target on shares of H&R Block from $39.00 to $44.00 and gave the stock a “sell” rating in a research note on Friday, August 16th. Finally, StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 9,722 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total transaction of $613,166.54. Following the completion of the transaction, the chief executive officer now owns 893,169 shares in the company, valued at approximately $56,332,168.83. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kellie J. Logerwell sold 8,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the transaction, the vice president now directly owns 18,474 shares in the company, valued at $1,189,910.34. This trade represents a 30.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

H&R Block Trading Down 0.3 %

Shares of H&R Block stock opened at $59.39 on Thursday. The business’s fifty day moving average is $61.02 and its two-hundred day moving average is $57.93. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The firm has a market cap of $8.14 billion, a PE ratio of 14.56, a P/E/G ratio of 0.90 and a beta of 0.67.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The business had revenue of $193.81 million for the quarter, compared to analysts’ expectations of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same quarter in the prior year, the firm earned ($1.05) earnings per share. Analysts anticipate that H&R Block, Inc. will post 5.28 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, December 5th. H&R Block’s dividend payout ratio is presently 36.59%.

H&R Block declared that its board has authorized a share buyback plan on Thursday, August 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to buy up to 16.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership 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.