H&R Block, Inc. (NYSE:HRB) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC cut its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 9.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,188 shares of the company’s stock after selling 525 shares during the period. Alpha Omega Wealth Management LLC’s holdings in H&R Block were worth $251,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of H&R Block stock in a transaction that occurred on Friday, February 23rd. The shares were 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 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 can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

H&R Block Price Performance

HRB opened at $46.88 on Thursday. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70. The company’s 50 day simple moving average is $47.69 and its two-hundred day simple moving average is $46.16. H&R Block, Inc. has a 1-year low of $28.83 and a 1-year high of $52.90.

H&R Block (NYSE:HRB) last released its quarterly 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 firm had revenue of $179.10 million for the quarter, compared to analyst estimates of $169.45 million. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.37) EPS. On average, equities analysts anticipate that H&R Block, Inc. will post 4.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 5th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Monday, March 4th. H&R Block’s payout ratio is presently 35.26%.

Analyst Ratings Changes

HRB has been the topic of a number of research reports. StockNews.com raised shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. The Goldman Sachs Group raised their target price on shares of H&R Block from $34.00 to $38.00 and gave the stock a “sell” rating in a research note on Wednesday, February 7th.

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.