95,126 Shares in H&R Block, Inc. (NYSE:HRB) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 95,126 shares of the company's stock, valued at approximately $6,045,000. Segall Bryant & Hamill LLC owned 0.07% of H&R Block at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Russell Investments Group Ltd. boosted its stake in shares of H&R Block by 42.3% in the 1st quarter. Russell Investments Group Ltd. now owns 49,650 shares of the company's stock valued at $2,438,000 after purchasing an additional 14,760 shares in the last quarter. CWM LLC boosted its stake in shares of H&R Block by 270.7% in the 2nd quarter. CWM LLC now owns 16,319 shares of the company's stock valued at $885,000 after purchasing an additional 11,917 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of H&R Block by 576.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 580,227 shares of the company's stock valued at $28,496,000 after purchasing an additional 494,457 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of H&R Block by 24.5% in the 1st quarter. Janus Henderson Group PLC now owns 94,270 shares of the company's stock valued at $4,629,000 after purchasing an additional 18,556 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of H&R Block in the 1st quarter valued at $10,581,000. Institutional investors own 90.14% of the company's stock.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 9,722 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $63.07, for a total value of $613,166.54. Following the completion of the sale, the chief executive officer now directly owns 893,169 shares of the company's stock, valued at $56,332,168.83. This represents a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kellie J. Logerwell sold 8,000 shares of the company's stock in a transaction dated 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 directly owns 18,474 shares of the company's stock, valued at approximately $1,189,910.34. This trade represents a 30.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

H&R Block Trading Up 2.5 %

H&R Block stock traded up $1.42 during trading hours on Friday, reaching $58.29. 1,569,744 shares of the company's stock traded hands, compared to its average volume of 1,196,681. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. H&R Block, Inc. has a fifty-two week low of $42.28 and a fifty-two week high of $68.45. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.84 and a beta of 0.67. The firm's 50 day moving average is $61.29 and its 200-day moving average is $57.62.

H&R Block (NYSE:HRB - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The business had revenue of $193.81 million for the quarter, compared to analyst estimates of $188.78 million. During the same quarter in the previous year, the company posted ($1.05) earnings per share. On average, analysts predict that H&R Block, Inc. will post 5.28 earnings per share for the current year.

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

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.57%. H&R Block's dividend payout ratio (DPR) is presently 36.59%.

Wall Street Analyst Weigh In

HRB has been the topic of several research reports. The Goldman Sachs Group upped 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 report on Friday, August 16th. Barrington Research reiterated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Friday, August 16th.

H&R Block Company 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.