Susquehanna Fundamental Investments LLC Buys New Shares in H&R Block, Inc. (NYSE:HRB)

Susquehanna Fundamental Investments LLC purchased a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,200 shares of the company's stock, valued at approximately $1,204,000.

Other large investors have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC bought a new position in shares of H&R Block during the fourth quarter worth approximately $628,000. TFO Wealth Partners LLC increased its position in H&R Block by 42,333.3% during the 4th quarter. TFO Wealth Partners LLC now owns 1,273 shares of the company's stock worth $62,000 after buying an additional 1,270 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of H&R Block by 35.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 95,978 shares of the company's stock worth $4,643,000 after buying an additional 25,118 shares in the last quarter. Sage Rock Capital Management LP bought a new stake in shares of H&R Block in the fourth quarter valued at about $160,000. Finally, Bridgewater Associates LP grew its stake in shares of H&R Block by 15.4% in the fourth quarter. Bridgewater Associates LP now owns 381,030 shares of the company's stock valued at $18,430,000 after acquiring an additional 50,946 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

H&R Block Price Performance

NYSE:HRB traded down $0.26 during mid-day trading on Wednesday, reaching $62.81. The stock had a trading volume of 896,846 shares, compared to its average volume of 1,165,610. The stock has a 50-day simple moving average of $61.25 and a two-hundred day simple moving average of $54.35. 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, Inc. has a 12 month low of $39.20 and a 12 month high of $68.45. The stock has a market capitalization of $8.76 billion, a PE ratio of 14.38, a P/E/G ratio of 0.98 and a beta of 0.66.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Thursday, August 15th. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.74 by $0.15. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The business's quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that H&R Block, Inc. will post 5.22 earnings per share for the current year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Thursday, September 5th. This is a boost from H&R Block's previous quarterly dividend of $0.32. H&R Block's payout ratio is presently 34.32%.

H&R Block declared that its board has approved a share buyback program on Thursday, August 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 16.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have weighed in on HRB shares. Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of H&R Block in a research note on Wednesday, August 14th. The Goldman Sachs Group increased their target price on H&R Block from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Friday, August 16th. Finally, StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a research report on Friday, August 16th.

Insider Transactions at H&R Block

In related news, VP Kellie J. Logerwell sold 9,846 shares of the business's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.00, for a total transaction of $639,990.00. Following the sale, the vice president now owns 25,028 shares in the company, valued at approximately $1,626,820. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Dara S. Redler sold 9,100 shares of the stock in a transaction on Monday, August 19th. The stock was 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 directly owns 22,066 shares in the company, valued at $1,414,430.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kellie J. Logerwell sold 9,846 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $65.00, for a total value of $639,990.00. Following the completion of the sale, the vice president now owns 25,028 shares in the company, valued at approximately $1,626,820. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,927 shares of company stock worth $7,517,056. Corporate insiders own 1.20% of the company's stock.

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.