Patriot Financial Group Insurance Agency LLC Acquires Shares of 8,927 H&R Block, Inc. (NYSE:HRB)

Patriot Financial Group Insurance Agency LLC purchased a new stake in H&R Block, Inc. (NYSE:HRB - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,927 shares of the company's stock, valued at approximately $567,000.

Several other institutional investors have also recently bought and sold shares of HRB. State of Alaska Department of Revenue grew its holdings in H&R Block by 2.4% during the third quarter. State of Alaska Department of Revenue now owns 46,238 shares of the company's stock worth $2,937,000 after buying an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in H&R Block by 4.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 154,795 shares of the company's stock worth $9,673,000 after purchasing an additional 6,052 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of H&R Block by 61.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 25,641 shares of the company's stock worth $1,629,000 after buying an additional 9,773 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of H&R Block by 11.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,421 shares of the company's stock valued at $5,500,000 after acquiring an additional 9,130 shares in the last quarter. Finally, CWC Advisors LLC. bought a new stake in H&R Block during the third quarter worth $506,000. Institutional investors and hedge funds own 90.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barrington Research restated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research report on Monday. The Goldman Sachs Group raised their price target on shares of H&R Block from $39.00 to $44.00 and gave the stock a "sell" rating in a research note on Friday, August 16th. Finally, StockNews.com lowered H&R Block from a "buy" rating to a "hold" rating in a report on Friday, August 16th.

Insider Transactions at H&R Block

In other news, VP Kellie J. Logerwell sold 9,846 shares of H&R Block stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.00, for a total transaction of $639,990.00. Following the completion of the sale, the vice president now directly owns 25,028 shares of the company's stock, valued at approximately $1,626,820. The trade was 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 news, VP Kellie J. Logerwell sold 8,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the completion of the sale, the vice president now owns 18,474 shares of the company's stock, valued at approximately $1,189,910.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the vice president now directly owns 25,028 shares of the company's stock, valued at $1,626,820. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,927 shares of company stock valued at $7,517,056 in the last quarter. Insiders own 1.20% of the company's stock.

H&R Block Stock Performance

Shares of NYSE HRB traded up $0.60 during mid-day trading on Wednesday, hitting $60.70. The company had a trading volume of 968,800 shares, compared to its average volume of 1,158,016. H&R Block, Inc. has a 1 year low of $39.20 and a 1 year high of $68.45. The stock's 50-day moving average price is $62.51 and its 200-day moving average price is $56.30. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 16.46. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 13.89, 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 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.15. H&R Block had a net margin of 16.49% and a negative return on equity of 220.05%. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business's quarterly revenue was up 3.0% on a year-over-year basis. On average, 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 business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 5th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, September 5th. This is a positive change from H&R Block's previous quarterly dividend of $0.32. This represents a $1.50 annualized dividend and a yield of 2.47%. H&R Block's payout ratio is presently 34.32%.

H&R Block announced that its Board of Directors has authorized a stock buyback plan on Thursday, August 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to buy up to 16.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is 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.