H&R Block, Inc. (NYSE:HRB) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in shares of H&R Block, Inc. (NYSE:HRB) by 5.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 41,163 shares of the company’s stock after purchasing an additional 2,190 shares during the quarter. Ritholtz Wealth Management’s holdings in H&R Block were worth $1,991,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC grew its holdings in shares of H&R Block by 91.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock worth $25,000 after purchasing an additional 248 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of H&R Block by 1,200.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock worth $28,000 after purchasing an additional 600 shares during the period. Belpointe Asset Management LLC grew its holdings in shares of H&R Block by 68.3% during the 1st quarter. Belpointe Asset Management LLC now owns 998 shares of the company’s stock worth $35,000 after purchasing an additional 405 shares during the period. Quarry LP grew its holdings in shares of H&R Block by 109.4% during the 2nd quarter. Quarry LP now owns 1,290 shares of the company’s stock worth $41,000 after purchasing an additional 674 shares during the period. Finally, Ronald Blue Trust Inc. grew its holdings in shares of H&R Block by 129.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,077 shares of the company’s stock worth $46,000 after purchasing an additional 608 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Stock Up 0.9 %

NYSE HRB traded up $0.45 on Thursday, reaching $49.11. The company had a trading volume of 1,051,649 shares, compared to its average volume of 1,131,825. The firm has a market capitalization of $6.85 billion, a PE ratio of 13.54, a P/E/G ratio of 0.89 and a beta of 0.70. H&R Block, Inc. has a 1 year low of $28.83 and a 1 year high of $52.90. The firm has a 50-day moving average of $47.64 and a 200-day moving average of $45.52. The company has a debt-to-equity ratio of 46.44, a current ratio of 1.21 and a quick ratio of 1.21.

H&R Block (NYSE:HRB) last released its earnings results on Tuesday, February 6th. The company reported ($1.27) EPS for the quarter, beating the consensus estimate of ($1.58) by $0.31. The company had revenue of $179.10 million during the quarter, compared to analysts’ expectations of $169.45 million. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted ($1.37) EPS. On average, equities research analysts anticipate that H&R Block, Inc. will post 4.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 5th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, March 4th. H&R Block’s dividend payout ratio (DPR) is currently 35.26%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. The Goldman Sachs Group upped their price target on H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a report on Wednesday, February 7th.

Insider Activity

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $49.21, for a total transaction of $4,228,172.41. Following the sale, the chief executive officer now directly owns 755,359 shares of the company’s stock, valued at approximately $37,171,216.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

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.