H&R Block, Inc. (NYSE:HRB) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 29.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 698,101 shares of the company's stock after acquiring an additional 156,856 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.51% of H&R Block worth $44,364,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank increased its holdings in shares of H&R Block by 13.7% in the first quarter. Comerica Bank now owns 72,426 shares of the company's stock valued at $3,557,000 after purchasing an additional 8,749 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of H&R Block by 575.7% during the 1st quarter. Cetera Investment Advisers now owns 37,373 shares of the company's stock worth $1,835,000 after acquiring an additional 31,842 shares during the period. Cetera Advisors LLC boosted its position in shares of H&R Block by 5.6% during the 1st quarter. Cetera Advisors LLC now owns 15,876 shares of the company's stock valued at $780,000 after acquiring an additional 842 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of H&R Block by 4.1% in the second quarter. Park Avenue Securities LLC now owns 15,554 shares of the company's stock valued at $844,000 after purchasing an additional 617 shares during the period. Finally, CWM LLC increased its position in H&R Block by 270.7% during the second quarter. CWM LLC now owns 16,319 shares of the company's stock worth $885,000 after purchasing an additional 11,917 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

Wall Street Analyst Weigh In

HRB has been the topic of several recent analyst reports. StockNews.com lowered shares of H&R Block from a "buy" rating to a "hold" rating in a report on Friday, August 16th. Barrington Research reiterated an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research report on Friday, November 8th. Finally, The Goldman Sachs Group lifted their target price on H&R Block from $39.00 to $44.00 and gave the company a "sell" rating in a research report on Friday, August 16th.

Insider Buying and Selling at H&R Block

In related news, VP Kellie J. Logerwell sold 8,000 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $64.41, for a total transaction of $515,280.00. Following the completion of the transaction, the vice president now directly owns 18,474 shares of the company's stock, valued at $1,189,910.34. The trade was a 30.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

H&R Block Trading Up 0.7 %

Shares of HRB traded up $0.42 during trading on Wednesday, reaching $58.57. 602,386 shares of the company traded hands, compared to its average volume of 1,200,252. The stock has a 50-day simple moving average of $60.55 and a 200-day simple moving average of $58.15. The stock has a market cap of $8.03 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.90 and a beta of 0.66. H&R Block, Inc. has a twelve month low of $42.28 and a twelve month high of $68.45. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last announced 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 firm had revenue of $193.81 million during the quarter, compared to analysts' expectations of $188.78 million. During the same period in the previous year, the firm earned ($1.05) EPS. On average, analysts anticipate that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, December 5th. H&R Block's payout ratio is 36.59%.

H&R Block announced that its board has authorized a share buyback program on Thursday, August 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

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.