Insider Selling: H&R Block, Inc. (NYSE:HRB) CEO Sells 53,810 Shares of Stock

H&R Block, Inc. (NYSE:HRB - Get Free Report) CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the completion of the sale, the chief executive officer now directly owns 844,790 shares in the company, valued at approximately $53,458,311.20. The trade was a 5.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

H&R Block Price Performance

Shares of HRB traded down $0.65 on Wednesday, reaching $59.36. The stock had a trading volume of 1,605,643 shares, compared to its average volume of 1,357,368. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month high of $68.45. The firm has a market capitalization of $7.94 billion, a PE ratio of 16.35, a PEG ratio of 0.80 and a beta of 0.39. The firm has a 50-day moving average of $55.03 and a 200 day moving average of $56.25. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing analysts' consensus estimates of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. Sell-side analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.375 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.53%. H&R Block's dividend payout ratio (DPR) is 41.32%.

Analyst Ratings Changes

Several research firms have recently commented on HRB. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research restated an "outperform" rating and set a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HRB. CIBC Asset Management Inc raised its holdings in shares of H&R Block by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock worth $225,000 after acquiring an additional 222 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in H&R Block by 26.8% in the 4th quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company's stock valued at $3,097,000 after purchasing an additional 12,390 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of H&R Block by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock worth $275,796,000 after purchasing an additional 282,633 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of H&R Block during the fourth quarter worth about $10,725,000. Finally, Martingale Asset Management L P raised its position in shares of H&R Block by 620.0% in the fourth quarter. Martingale Asset Management L P now owns 29,225 shares of the company's stock valued at $1,544,000 after buying an additional 25,166 shares during the last quarter. 90.14% of the stock is currently owned by institutional investors and hedge funds.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.