Los Angeles Capital Management LLC Has $6.18 Million Position in H&R Block, Inc. (NYSE:HRB)

Los Angeles Capital Management LLC lowered its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 43.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,308 shares of the company's stock after selling 74,293 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.07% of H&R Block worth $6,184,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

HRB has been the topic of several research reports. Barrington Research reiterated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a report on Friday. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group lifted their price objective 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.

H&R Block Price Performance

Shares of HRB stock traded down $1.00 on Tuesday, hitting $60.25. 734,005 shares of the stock traded hands, compared to its average volume of 1,167,232. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.90 and a beta of 0.67. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45. The firm has a 50 day simple moving average of $62.05 and a two-hundred day simple moving average of $57.14. The company has a debt-to-equity ratio of 16.46, a current ratio of 1.27 and a quick ratio of 1.27.

H&R Block (NYSE:HRB - Get Free Report) last announced its 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 231.57%. The business had revenue of $193.81 million for the quarter, compared to analyst estimates of $188.78 million. During the same period in the prior year, the company earned ($1.05) earnings per share. As a group, equities research 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 firm 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 $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, December 5th. H&R Block's dividend payout ratio is currently 36.59%.

H&R Block declared 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 purchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at H&R Block

In related news, insider Dara S. Redler sold 9,100 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $64.10, for a total value of $583,310.00. Following the completion of the sale, the insider now owns 22,066 shares in the company, valued at $1,414,430.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Dara S. Redler sold 9,100 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $64.10, for a total value of $583,310.00. Following the transaction, the insider now owns 22,066 shares in the company, valued at approximately $1,414,430.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tony G. Bowen sold 79,259 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $65.17, for a total value of $5,165,309.03. Following the completion of the sale, the chief financial officer now owns 90,095 shares in the company, valued at approximately $5,871,491.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,927 shares of company stock worth $7,517,056 over the last three months. Insiders own 1.30% of the company's stock.

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.