15,662 Shares in H&R Block, Inc. (NYSE:HRB) Bought by Hancock Whitney Corp

Hancock Whitney Corp purchased a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,662 shares of the company's stock, valued at approximately $995,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eastern Bank bought a new stake in shares of H&R Block during the 3rd quarter worth approximately $25,000. Bogart Wealth LLC lifted its holdings in shares of H&R Block by 606.1% during the 3rd quarter. Bogart Wealth LLC now owns 466 shares of the company's stock worth $30,000 after acquiring an additional 400 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of H&R Block during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of H&R Block during the 3rd quarter worth approximately $35,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of H&R Block during the 3rd quarter worth approximately $40,000. Institutional investors own 90.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HRB. The Goldman Sachs Group upped their price target on shares of H&R Block from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Friday, August 16th. Barrington Research reiterated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a research report on Friday, November 8th. Finally, StockNews.com cut shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Friday, August 16th.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 9,722 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $63.07, for a total value of $613,166.54. Following the sale, the chief executive officer now directly owns 893,169 shares of the company's stock, valued at approximately $56,332,168.83. This represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kellie J. Logerwell sold 8,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $64.41, for a total transaction of $515,280.00. Following the completion of the sale, the vice president now directly owns 18,474 shares in the company, valued at approximately $1,189,910.34. This represents a 30.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

H&R Block Trading Down 0.3 %

NYSE HRB traded down $0.20 on Wednesday, hitting $59.39. The company's stock had a trading volume of 1,072,311 shares, compared to its average volume of 1,204,286. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 1-year low of $42.28 and a 1-year high of $68.45. The company's 50-day moving average is $61.02 and its 200 day moving average is $57.93. The firm has a market cap of $8.14 billion, a PE ratio of 14.56, a PEG ratio of 0.90 and a beta of 0.67.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The business had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. During the same quarter last year, the company posted ($1.05) earnings per share. As a group, analysts predict that H&R Block, Inc. will post 5.28 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, December 5th. H&R Block's dividend payout ratio is currently 36.59%.

H&R Block announced that its board has approved a share buyback plan on Thursday, August 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 16.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.