21,249 Shares in H&R Block, Inc. (NYSE:HRB) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,249 shares of the company's stock, valued at approximately $1,152,000.

Other institutional investors also recently modified their holdings of the company. TriaGen Wealth Management LLC grew its holdings in H&R Block by 2.4% during the 2nd quarter. TriaGen Wealth Management LLC now owns 8,642 shares of the company's stock worth $469,000 after acquiring an additional 203 shares during the period. Bank of Montreal Can grew its position in shares of H&R Block by 1.0% during the 2nd quarter. Bank of Montreal Can now owns 24,467 shares of the company's stock worth $1,327,000 after buying an additional 251 shares during the period. Eagle Bay Advisors LLC increased its stake in shares of H&R Block by 5.5% in the 1st quarter. Eagle Bay Advisors LLC now owns 5,035 shares of the company's stock valued at $249,000 after acquiring an additional 263 shares during the last quarter. Burney Co. raised its position in shares of H&R Block by 0.6% in the 2nd quarter. Burney Co. now owns 57,327 shares of the company's stock valued at $3,109,000 after acquiring an additional 349 shares during the period. Finally, Ascent Group LLC raised its position in shares of H&R Block by 2.8% in the 1st quarter. Ascent Group LLC now owns 18,451 shares of the company's stock valued at $906,000 after acquiring an additional 498 shares during the period. Institutional investors and hedge funds own 90.14% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on HRB. The Goldman Sachs Group upped their target price on shares of H&R Block from $39.00 to $44.00 and gave the company a "sell" rating in a research note on Friday, August 16th. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price target on shares of H&R Block in a research note on Wednesday, August 14th. Finally, StockNews.com downgraded H&R Block from a "buy" rating to a "hold" rating in a research report on Friday, August 16th.

Insider Buying and Selling at H&R Block

In related news, CFO Tony G. Bowen sold 79,259 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $65.17, for a total transaction of $5,165,309.03. Following the sale, the chief financial officer now owns 90,095 shares in the company, valued at approximately $5,871,491.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other H&R Block news, CFO Tony G. Bowen sold 79,259 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.17, for a total value of $5,165,309.03. Following the sale, the chief financial officer now owns 90,095 shares of the company's stock, valued at approximately $5,871,491.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $613,166.54. Following the completion of the transaction, the chief executive officer now owns 893,169 shares in the company, valued at approximately $56,332,168.83. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,927 shares of company stock valued at $7,517,056 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

H&R Block Stock Performance

Shares of HRB stock traded up $0.15 during trading on Friday, reaching $60.94. 1,170,367 shares of the company's stock were exchanged, compared to its average volume of 1,166,443. The stock has a market capitalization of $8.43 billion, a PE ratio of 14.41, a PEG ratio of 0.95 and a beta of 0.66. The firm's fifty day moving average price is $61.94 and its 200-day moving average price is $54.95. H&R Block, Inc. has a twelve month low of $39.20 and a twelve month high of $68.45. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The company reported $1.89 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that H&R Block, Inc. will post 5.22 EPS for the current year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 5th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.46%. This is an increase from H&R Block's previous quarterly dividend of $0.32. The ex-dividend date was Thursday, September 5th. H&R Block's dividend payout ratio is presently 35.55%.

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

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.