Aviso Wealth Management Has $757,000 Stake in H&R Block, Inc. (NYSE:HRB)

Aviso Wealth Management reduced its stake in H&R Block, Inc. (NYSE:HRB) by 4.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,917 shares of the company’s stock after selling 500 shares during the quarter. Aviso Wealth Management’s holdings in H&R Block were worth $757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HRB. Rockland Trust Co. raised its stake in H&R Block by 1.2% in the 3rd quarter. Rockland Trust Co. now owns 16,866 shares of the company’s stock valued at $1,072,000 after acquiring an additional 200 shares during the period. TriaGen Wealth Management LLC raised its position 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 valued at $469,000 after purchasing an additional 203 shares during the period. Bank of Montreal Can lifted its stake in shares of H&R Block by 1.0% during the 2nd quarter. Bank of Montreal Can now owns 24,467 shares of the company’s stock valued at $1,327,000 after buying an additional 251 shares in the last quarter. Axiom Advisory LLC boosted its holdings in H&R Block by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 18,048 shares of the company’s stock worth $1,076,000 after buying an additional 282 shares during the period. Finally, Park Avenue Securities LLC grew its stake in H&R Block by 1.9% in the 3rd quarter. Park Avenue Securities LLC now owns 15,857 shares of the company’s stock valued at $1,008,000 after buying an additional 303 shares in the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 9,722 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 $56,332,168.83. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 value 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 approximately $1,189,910.34. This represents a 30.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

H&R Block Stock Performance

H&R Block stock opened at $60.08 on Monday. The stock’s 50 day moving average is $61.74 and its 200 day moving average is $57.50. The company has a market capitalization of $8.23 billion, a P/E ratio of 14.65, a PEG ratio of 0.91 and a beta of 0.67. 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 twelve month low of $42.28 and a twelve month high of $68.45.

H&R Block (NYSE:HRB) last released 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). The firm had revenue of $193.81 million for the quarter, compared to the consensus estimate of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same period in the previous year, the company earned ($1.05) earnings per share. On average, equities research analysts predict that H&R Block, Inc. will post 5.28 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a yield of 2.50%. H&R Block’s dividend payout ratio is presently 36.59%.

H&R Block declared that its board has approved a stock buyback program 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 programs are usually an indication that the company’s management believes its stock is undervalued.

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.