H&R Block, Inc. (NYSE:HRB) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 11.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,421 shares of the company's stock after acquiring an additional 9,130 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of H&R Block worth $5,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in H&R Block by 42.3% during the 1st quarter. Russell Investments Group Ltd. now owns 49,650 shares of the company's stock worth $2,438,000 after acquiring an additional 14,760 shares in the last quarter. CWM LLC raised its stake in H&R Block by 270.7% in the second quarter. CWM LLC now owns 16,319 shares of the company's stock valued at $885,000 after buying an additional 11,917 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in 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 in the last quarter. Janus Henderson Group PLC lifted its holdings in H&R Block by 24.5% during 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 during the last quarter. Finally, Swedbank AB purchased a new position in shares of H&R Block in the 1st quarter valued at about $10,581,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HRB shares. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a research note on Friday, August 16th. 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 report on Friday, August 16th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a research report on Monday.

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 on Monday, August 19th. The stock was sold at an average price of $65.17, for a total transaction of $5,165,309.03. Following the completion of the sale, the chief financial officer now directly owns 90,095 shares of the company's stock, valued at $5,871,491.15. 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 through this link. In other H&R Block news, CEO Jeffrey J. Jones II sold 9,722 shares of H&R Block stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $63.07, for a total value of $613,166.54. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tony G. Bowen sold 79,259 shares of the 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 transaction, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,927 shares of company stock valued at $7,517,056 in the last ninety days. Insiders own 1.20% of the company's stock.

H&R Block Stock Performance

HRB traded up $0.30 during trading on Tuesday, hitting $60.10. 961,518 shares of the stock were exchanged, compared to its average volume of 1,158,921. The firm has a market capitalization of $8.39 billion, a P/E ratio of 13.68, a PEG ratio of 0.95 and a beta of 0.66. H&R Block, Inc. has a 1-year low of $39.20 and a 1-year high of $68.45. The stock has a fifty day moving average price of $62.71 and a two-hundred day moving average price of $56.17. 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 announced its 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 for the quarter, compared to analysts' expectations of $1.03 billion. H&R Block had a net margin of 16.49% and a negative return on equity of 220.05%. During the same period in the previous year, the company posted $2.05 EPS. The company's quarterly revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 5th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.50%. The ex-dividend date was 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 34.32%.

H&R Block announced that its board has approved a share repurchase plan on Thursday, August 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy up to 16.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board 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.