Harvest Fund Management Co. Ltd Has $148,000 Stake in H&R Block, Inc. (NYSE:HRB)

Harvest Fund Management Co. Ltd lowered its stake in H&R Block, Inc. (NYSE:HRB) by 24.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,062 shares of the company’s stock after selling 986 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in H&R Block were worth $148,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC increased its stake in H&R Block by 91.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock valued at $25,000 after purchasing an additional 248 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in H&R Block by 2.5% in the 4th quarter. First Citizens Bank & Trust Co. now owns 11,966 shares of the company’s stock valued at $579,000 after buying an additional 291 shares in the last quarter. CreativeOne Wealth LLC raised its stake in H&R Block by 3.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 8,117 shares of the company’s stock worth $350,000 after buying an additional 302 shares during the period. Stratos Wealth Advisors LLC boosted its holdings in H&R Block by 1.0% in the fourth quarter. Stratos Wealth Advisors LLC now owns 34,273 shares of the company’s stock worth $1,658,000 after acquiring an additional 328 shares in the last quarter. Finally, M&T Bank Corp grew its stake in H&R Block by 1.0% in the third quarter. M&T Bank Corp now owns 38,947 shares of the company’s stock valued at $1,677,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Trading Down 0.7 %

NYSE HRB opened at $47.59 on Thursday. The business has a fifty day simple moving average of $47.72 and a 200 day simple moving average of $46.35. H&R Block, Inc. has a 12 month low of $28.83 and a 12 month high of $52.90. The firm has a market capitalization of $6.64 billion, a P/E ratio of 13.20, a PEG ratio of 0.90 and a beta of 0.70.

H&R Block (NYSE:HRB) last announced 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. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The company had revenue of $179.10 million during the quarter, compared to the consensus estimate of $169.45 million. During the same quarter in the prior year, the company posted ($1.37) earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, sell-side analysts predict that H&R Block, Inc. will post 4.25 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.69%. The ex-dividend date was Monday, March 4th. H&R Block’s dividend payout ratio (DPR) is 35.26%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the business’s stock in a transaction 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 in the company, valued at approximately $37,171,216.39. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by 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.