Amalgamated Bank Decreases Stake in H&R Block, Inc. (NYSE:HRB)

Amalgamated Bank lowered its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 20.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,093 shares of the company's stock after selling 17,568 shares during the quarter. Amalgamated Bank owned approximately 0.05% of H&R Block worth $4,454,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in H&R Block by 42.3% in the 1st quarter. Russell Investments Group Ltd. now owns 49,650 shares of the company's stock valued at $2,438,000 after acquiring an additional 14,760 shares in the last quarter. CWM LLC boosted its position in shares of H&R Block by 270.7% in the 2nd quarter. CWM LLC now owns 16,319 shares of the company's stock worth $885,000 after purchasing an additional 11,917 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in H&R Block by 576.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 580,227 shares of the company's stock worth $28,496,000 after buying an additional 494,457 shares during the period. Janus Henderson Group PLC raised its stake in H&R Block by 24.5% during the 1st quarter. Janus Henderson Group PLC now owns 94,270 shares of the company's stock worth $4,629,000 after buying an additional 18,556 shares during the period. Finally, Swedbank AB acquired a new stake in shares of H&R Block in the 1st quarter valued at about $10,581,000. Institutional investors own 90.14% of the company's stock.

Insider Activity at H&R Block

In other news, CFO Tony G. Bowen sold 79,259 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.17, for a total transaction of $5,165,309.03. Following the completion of the sale, the chief financial officer now directly owns 90,095 shares of the company's stock, valued at $5,871,491.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Tony G. Bowen sold 79,259 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.17, for a total transaction of $5,165,309.03. Following the completion of the sale, the chief financial officer now directly owns 90,095 shares of the company's stock, valued at $5,871,491.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kellie J. Logerwell sold 9,846 shares of the firm's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.00, for a total value of $639,990.00. Following the sale, the vice president now directly owns 25,028 shares of the company's stock, valued at approximately $1,626,820. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 115,927 shares of company stock valued at $7,517,056. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HRB has been the subject of a number of research analyst reports. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a report on Friday, August 16th. 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. 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 note on Friday, August 16th.

H&R Block Trading Down 6.6 %

Shares of H&R Block stock traded down $4.18 on Friday, reaching $59.18. 2,518,300 shares of the company's stock were exchanged, compared to its average volume of 1,073,137. H&R Block, Inc. has a 52 week low of $41.98 and a 52 week high of $68.45. The firm's 50-day moving average is $62.09 and its two-hundred day moving average is $56.91. The company has a debt-to-equity ratio of 16.46, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $8.19 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 0.95 and a beta of 0.67.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Thursday, August 15th. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. H&R Block's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. Sell-side analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board 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. Investors of record on Thursday, December 5th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, December 5th. H&R Block's payout ratio is currently 35.55%.

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.