H&R Block, Inc. (NYSE:HRB) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its position in H&R Block, Inc. (NYSE:HRB) by 2.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,778 shares of the company’s stock after selling 1,220 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in H&R Block were worth $3,164,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HRB. Eastern Bank bought a new position in shares of H&R Block during the 3rd quarter valued at about $25,000. Bogart Wealth LLC boosted its holdings in H&R Block by 606.1% during the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of H&R Block in the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of H&R Block during the 3rd quarter valued at $35,000. Finally, Quest Partners LLC boosted its stake 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 acquiring an additional 689 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research report on Friday, November 8th.

Insider Activity at H&R Block

In other news, VP Kellie J. Logerwell sold 8,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $64.41, for a total transaction 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. The trade was a 30.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by insiders.

H&R Block Price Performance

Shares of NYSE:HRB opened at $55.50 on Friday. The company’s fifty day moving average is $59.53 and its two-hundred day moving average is $58.37. The company has a market cap of $7.61 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 0.86 and a beta of 0.66. H&R Block, Inc. has a 12-month low of $42.28 and a 12-month high of $68.45. 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 (NYSE:HRB) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The business had revenue of $193.81 million for the quarter, compared to analyst estimates of $188.78 million. During the same period in the previous year, the firm posted ($1.05) earnings per share. Equities analysts expect that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, December 5th. H&R Block’s dividend payout ratio is currently 36.59%.

H&R Block Company 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.