H&R Block, Inc. (NYSE:HRB) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in H&R Block, Inc. (NYSE:HRB) by 29,301.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,752 shares of the company’s stock after purchasing an additional 36,627 shares during the period. Exchange Traded Concepts LLC’s holdings in H&R Block were worth $2,336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in H&R Block by 52.2% during the second quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company’s stock worth $148,492,000 after buying an additional 939,270 shares in the last quarter. Boston Partners raised its position in shares of H&R Block by 30.2% in the first quarter. Boston Partners now owns 3,270,919 shares of the company’s stock worth $160,614,000 after acquiring an additional 758,827 shares during the period. AQR Capital Management LLC boosted its stake in shares of H&R Block by 39.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company’s stock worth $115,418,000 after acquiring an additional 606,250 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of H&R Block by 11.8% during the 1st quarter. Lazard Asset Management LLC now owns 5,295,911 shares of the company’s stock valued at $260,081,000 after acquiring an additional 558,076 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of H&R Block by 576.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 580,227 shares of the company’s stock valued at $28,496,000 after acquiring an additional 494,457 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Trading Down 0.4 %

HRB stock opened at $60.64 on Tuesday. H&R Block, Inc. has a 12-month low of $39.20 and a 12-month high of $68.45. The business’s 50-day moving average is $62.14 and its 200 day moving average is $55.22. 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 stock has a market cap of $8.46 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.95 and a beta of 0.66.

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

H&R Block Increases Dividend

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

H&R Block announced that its board has initiated a stock repurchase program on Thursday, August 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to buy up to 16.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

HRB has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on H&R Block from $39.00 to $44.00 and gave the stock a “sell” rating in a research report on Friday, August 16th. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of H&R Block in a report on Wednesday, August 14th.

Insider Buying and Selling

In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the completion of the sale, the vice president now owns 18,474 shares in the company, valued at approximately $1,189,910.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $64.41, for a total value of $515,280.00. Following the completion of the sale, the vice president now directly owns 18,474 shares in the company, valued at $1,189,910.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kellie J. Logerwell sold 9,846 shares of H&R Block stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.00, for a total value of $639,990.00. Following the transaction, the vice president now owns 25,028 shares in the company, valued at approximately $1,626,820. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,927 shares of company stock worth $7,517,056. 1.20% of the stock is owned by insiders.

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.