H&R Block, Inc. (NYSE:HRB) is Round Hill Asset Management’s 10th Largest Position

Round Hill Asset Management lessened its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 2.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 60,453 shares of the company’s stock after selling 1,775 shares during the quarter. H&R Block comprises approximately 2.5% of Round Hill Asset Management’s portfolio, making the stock its 10th biggest holding. Round Hill Asset Management’s holdings in H&R Block were worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Swedbank AB lifted its position in shares of H&R Block by 32.1% during the 3rd quarter. Swedbank AB now owns 285,382 shares of the company’s stock valued at $18,136,000 after buying an additional 69,414 shares in the last quarter. Algert Global LLC boosted its position in shares of H&R Block by 413.1% in the third quarter. Algert Global LLC now owns 72,110 shares of the company’s stock worth $4,583,000 after purchasing an additional 58,057 shares during the period. Kingsview Wealth Management LLC increased its stake in shares of H&R Block by 7.8% in the third quarter. Kingsview Wealth Management LLC now owns 5,667 shares of the company’s stock worth $360,000 after purchasing an additional 410 shares in the last quarter. Cerity Partners LLC raised its position in shares of H&R Block by 47.8% during the 3rd quarter. Cerity Partners LLC now owns 132,663 shares of the company’s stock valued at $8,431,000 after purchasing an additional 42,934 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after acquiring an additional 255,354 shares during the period. Institutional investors own 90.14% of the company’s stock.

Insider Activity at H&R Block

In other news, VP Kellie J. Logerwell sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey J. Jones II sold 9,722 shares of H&R Block stock in a transaction that occurred on 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 in the company, valued at approximately $56,332,168.83. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HRB. Barrington Research reissued an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research note on Friday, November 8th. StockNews.com lowered H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, The Goldman Sachs Group upped their price objective on H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Friday, August 16th.

H&R Block Stock Up 2.5 %

Shares of NYSE HRB opened at $58.30 on Friday. The company has a market cap of $7.99 billion, a P/E ratio of 14.22, a PEG ratio of 0.86 and a beta of 0.67. The firm has a 50-day simple moving average of $61.20 and a two-hundred day simple moving average of $57.75. H&R Block, Inc. has a 1 year low of $42.28 and a 1 year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77.

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

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 repurchase up to 16.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, December 5th. H&R Block’s dividend payout ratio is presently 36.59%.

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.