Cwm LLC Buys 12,941 Shares of H&R Block, Inc. (NYSE:HRB)

CWM LLC boosted its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 79.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,260 shares of the company's stock after buying an additional 12,941 shares during the period. CWM LLC's holdings in H&R Block were worth $1,859,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of H&R Block during the 1st quarter worth approximately $28,000. Richardson Financial Services Inc. acquired a new stake in H&R Block in the fourth quarter worth $37,000. Versant Capital Management Inc increased its stake in H&R Block by 4,152.9% in the second quarter. Versant Capital Management Inc now owns 723 shares of the company's stock valued at $39,000 after purchasing an additional 706 shares in the last quarter. Quest Partners LLC raised its holdings in shares of H&R Block by 2,756.0% during the second quarter. Quest Partners LLC now owns 714 shares of the company's stock valued at $39,000 after purchasing an additional 689 shares during the period. Finally, Quarry LP bought a new position in shares of H&R Block during the 2nd quarter worth about $85,000. Institutional investors own 90.14% of the company's stock.

H&R Block Stock Up 0.8 %

Shares of H&R Block stock traded up $0.47 on Wednesday, hitting $61.27. The company had a trading volume of 1,050,622 shares, compared to its average volume of 1,168,334. H&R Block, Inc. has a 1 year low of $39.20 and a 1 year high of $68.45. The company has a debt-to-equity ratio of 16.46, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a 50 day moving average of $62.26 and a 200-day moving average of $55.31. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 0.95 and a beta of 0.66.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.15. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. H&R Block's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 EPS. As a group, sell-side analysts forecast that H&R Block, Inc. will post 5.22 earnings per share 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 given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.45%. This is an increase from H&R Block's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, September 5th. H&R Block's dividend payout ratio is presently 34.32%.

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

Analyst Upgrades and Downgrades

HRB has been the topic of a number of research reports. 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. 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 lowered shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Friday, August 16th.

Insider Buying and Selling at H&R Block

In other news, CFO Tony G. Bowen sold 79,259 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 90,095 shares of the company's stock, valued at $5,871,491.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other H&R Block news, CFO Tony G. Bowen sold 79,259 shares of the business'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 transaction, the chief financial officer now owns 90,095 shares of the company's stock, valued at approximately $5,871,491.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey J. Jones II sold 9,722 shares of the stock in a transaction dated 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 of the company's stock, 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. In the last 90 days, insiders sold 115,927 shares of company stock worth $7,517,056. 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.