H&R Block, Inc. (NYSE:HRB) Shares Sold by True Wealth Design LLC

True Wealth Design LLC trimmed its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 95.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 735 shares of the company's stock after selling 17,221 shares during the period. True Wealth Design LLC's holdings in H&R Block were worth $47,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. CWM LLC boosted its position in H&R Block by 270.7% during the second quarter. CWM LLC now owns 16,319 shares of the company's stock worth $885,000 after purchasing an additional 11,917 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of H&R Block by 24.5% in 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 in the last quarter. Algert Global LLC grew its stake in H&R Block by 413.1% in the 3rd quarter. Algert Global LLC now owns 72,110 shares of the company's stock valued at $4,583,000 after acquiring an additional 58,057 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in H&R Block by 5.5% during the 3rd 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 in the last quarter. Finally, Caxton Associates LP raised its position in H&R Block by 280.5% during the second quarter. Caxton Associates LP now owns 39,497 shares of the company's stock worth $2,142,000 after acquiring an additional 29,117 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

Insider Transactions at H&R Block

In other news, VP Kellie J. Logerwell sold 8,000 shares of the stock in a transaction 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 $1,189,910.34. This represents a 30.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey J. Jones II sold 9,722 shares of H&R Block stock in a transaction 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 owns 893,169 shares in the company, valued at $56,332,168.83. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

H&R Block Trading Down 0.3 %

Shares of NYSE HRB traded down $0.17 on Monday, reaching $59.11. 1,191,612 shares of the company traded hands, compared to its average volume of 1,202,152. The company has a 50 day moving average of $60.76 and a 200 day moving average of $58.06. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The stock has a market capitalization of $8.10 billion, a PE ratio of 14.37, a P/E/G ratio of 0.90 and a beta of 0.67.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly 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). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The company had revenue of $193.81 million for the quarter, compared to analysts' expectations of $188.78 million. During the same period in the prior year, the business earned ($1.05) EPS. On average, equities research analysts forecast that H&R Block, Inc. will post 5.28 earnings per share for the current fiscal year.

H&R Block announced that its board has initiated a stock buyback program on Thursday, August 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 16.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.54%. H&R Block's dividend payout ratio is presently 36.59%.

Wall Street Analysts Forecast Growth

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

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.