H&R Block, Inc. (NYSE:HRB) Shares Sold by True Wealth Design LLC

True Wealth Design LLC reduced its holdings in H&R Block, Inc. (NYSE:HRB) by 95.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735 shares of the company’s stock after selling 17,221 shares during the quarter. True Wealth Design LLC’s holdings in H&R Block were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Maverick Capital Ltd. acquired a new position in H&R Block during the third quarter worth about $1,147,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of H&R Block during the 3rd quarter worth approximately $5,249,000. Verition Fund Management LLC grew its holdings in shares of H&R Block by 170.4% in the 3rd quarter. Verition Fund Management LLC now owns 24,580 shares of the company’s stock worth $1,562,000 after acquiring an additional 15,489 shares during the period. Captrust Financial Advisors increased its stake in H&R Block by 31.0% in the 3rd quarter. Captrust Financial Advisors now owns 11,169 shares of the company’s stock valued at $710,000 after purchasing an additional 2,645 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in H&R Block by 29.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company’s stock worth $44,364,000 after purchasing an additional 156,856 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Stock Performance

H&R Block stock opened at $59.28 on Monday. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.90 and a beta of 0.67. The stock has a fifty day moving average of $60.76 and a two-hundred day moving average of $58.03. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77.

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

H&R Block Announces Dividend

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

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

Analyst Ratings Changes

HRB has been the topic of several research reports. 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. 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, The Goldman Sachs Group lifted their target price 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.

Insiders Place Their Bets

In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the firm’s 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 sale, the vice president now directly owns 18,474 shares of the company’s stock, valued at approximately $1,189,910.34. This trade represents a 30.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 893,169 shares of the company’s stock, valued at approximately $56,332,168.83. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.