Victory Capital Management Inc. Sells 97,999 Shares of H&R Block, Inc. (NYSE:HRB)

Victory Capital Management Inc. reduced its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 16.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 499,541 shares of the company's stock after selling 97,999 shares during the quarter. Victory Capital Management Inc. owned 0.36% of H&R Block worth $31,746,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in shares of H&R Block in the 3rd quarter valued at $1,159,000. Versor Investments LP grew its position in H&R Block by 102.4% in the third quarter. Versor Investments LP now owns 31,900 shares of the company's stock valued at $2,027,000 after acquiring an additional 16,140 shares during the last quarter. Colonial River Investments LLC acquired a new position in H&R Block during the third quarter worth about $228,000. Axxcess Wealth Management LLC bought a new position in shares of H&R Block in the third quarter worth about $227,000. Finally, Assetmark Inc. boosted its stake in shares of H&R Block by 542.1% in the 3rd quarter. Assetmark Inc. now owns 1,297 shares of the company's stock valued at $82,000 after purchasing an additional 1,095 shares in the last quarter. Institutional investors own 90.14% of the company's stock.

Analysts Set New Price Targets

HRB has been the subject of a number of recent research reports. StockNews.com cut 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 report on Friday, November 8th. Finally, The Goldman Sachs Group boosted their target price on shares of H&R Block from $39.00 to $44.00 and gave the stock a "sell" rating in a report on Friday, August 16th.

H&R Block Stock Up 1.6 %

NYSE HRB traded up $0.94 during mid-day trading on Friday, hitting $60.08. The company's stock had a trading volume of 1,304,453 shares, compared to its average volume of 1,207,109. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 0.91 and a beta of 0.67. The company's 50 day simple moving average is $61.74 and its 200 day simple moving average is $57.43. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a twelve month low of $42.28 and a twelve month high of $68.45.

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

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Thursday, December 5th. H&R Block's dividend payout ratio is currently 36.59%.

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

Insider Transactions at H&R Block

In related news, CEO Jeffrey J. Jones II sold 9,722 shares of the company'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 transaction 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. This represents a 1.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dara S. Redler sold 9,100 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $64.10, for a total transaction of $583,310.00. Following the completion of the transaction, the insider now directly owns 22,066 shares in the company, valued at approximately $1,414,430.60. The trade was a 29.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 115,927 shares of company stock worth $7,517,056 in the last quarter. Insiders own 1.30% of the company's stock.

About H&R Block

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.