US Bancorp DE Reduces Stock Position in H&R Block, Inc. (NYSE:HRB)

US Bancorp DE lessened its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 42.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,125 shares of the company's stock after selling 8,924 shares during the quarter. US Bancorp DE's holdings in H&R Block were worth $771,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rockland Trust Co. raised its holdings in H&R Block by 1.2% in the 3rd quarter. Rockland Trust Co. now owns 16,866 shares of the company's stock valued at $1,072,000 after buying an additional 200 shares during the last quarter. TriaGen Wealth Management LLC increased its holdings in H&R Block by 2.4% in the second quarter. TriaGen Wealth Management LLC now owns 8,642 shares of the company's stock valued at $469,000 after purchasing an additional 203 shares during the period. Bank of Montreal Can raised its position in H&R Block by 1.0% during the 2nd quarter. Bank of Montreal Can now owns 24,467 shares of the company's stock worth $1,327,000 after purchasing an additional 251 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in H&R Block by 5.5% during the 1st quarter. Eagle Bay Advisors LLC now owns 5,035 shares of the company's stock worth $249,000 after buying an additional 263 shares during the period. Finally, Axiom Advisory LLC grew its position in shares of H&R Block by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 18,048 shares of the company's stock valued at $1,076,000 after buying an additional 282 shares during the last quarter. Institutional investors own 90.14% of the company's stock.

H&R Block Stock Down 6.6 %

Shares of NYSE HRB traded down $4.18 during midday trading on Friday, hitting $59.18. 2,518,300 shares of the stock traded hands, compared to its average volume of 1,073,137. The company has a debt-to-equity ratio of 16.46, a quick ratio of 1.27 and a current ratio of 1.27. H&R Block, Inc. has a one year low of $41.98 and a one year high of $68.45. The company has a market cap of $8.19 billion, a PE ratio of 14.02, a P/E/G ratio of 0.95 and a beta of 0.67. The business has a 50 day moving average price of $62.09 and a two-hundred day moving average price of $56.98.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.74 by $0.15. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. H&R Block had a negative return on equity of 220.05% and a net margin of 16.49%. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 earnings per share. On average, equities analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

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

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, December 5th. H&R Block's dividend payout ratio (DPR) is presently 35.55%.

Insider Transactions at H&R Block

In related news, VP Kellie J. Logerwell sold 8,000 shares of H&R Block 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 sale, the vice president now owns 18,474 shares of the company's stock, valued at approximately $1,189,910.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jeffrey J. Jones II sold 9,722 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 in the company, valued at approximately $56,332,168.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the vice president now directly owns 18,474 shares of the company's stock, valued at $1,189,910.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,927 shares of company stock valued at $7,517,056 over the last three months. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

HRB has been the subject of several research analyst reports. Barrington Research reissued an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research report on Friday. StockNews.com lowered H&R Block from a "buy" rating to a "hold" rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group raised their price objective 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.

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.