Measured Wealth Private Client Group LLC Invests $837,000 in H&R Block, Inc. (NYSE:HRB)

Measured Wealth Private Client Group LLC bought a new position in shares of H&R Block, Inc. (NYSE:HRB) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 17,306 shares of the company’s stock, valued at approximately $837,000.

Other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its holdings in H&R Block by 91.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock valued at $25,000 after buying an additional 248 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of H&R Block by 1,200.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock worth $28,000 after purchasing an additional 600 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of H&R Block during the fourth quarter worth about $48,000. Meeder Asset Management Inc. purchased a new stake in H&R Block in the fourth quarter worth approximately $53,000. Finally, HM Payson & Co. purchased a new stake in H&R Block in the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Analyst Upgrades and Downgrades

HRB has been the subject of a number of recent analyst reports. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. The Goldman Sachs Group increased their target price on H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a report on Wednesday, February 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of H&R Block in a report on Wednesday.

Insider Transactions at H&R Block

In other news, CEO Jeffrey J. Jones II sold 85,921 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $49.21, for a total value of $4,228,172.41. Following the transaction, the chief executive officer now owns 755,359 shares of the company’s stock, valued at $37,171,216.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

H&R Block Stock Performance

Shares of NYSE HRB traded down $0.50 during trading on Friday, hitting $47.53. The company had a trading volume of 668,514 shares, compared to its average volume of 894,496. The stock has a 50 day simple moving average of $47.73 and a 200 day simple moving average of $46.54. H&R Block, Inc. has a 12 month low of $28.83 and a 12 month high of $52.90. The firm has a market capitalization of $6.63 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 0.90 and a beta of 0.69.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, February 6th. The company reported ($1.27) EPS for the quarter, topping the consensus estimate of ($1.58) by $0.31. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The firm had revenue of $179.10 million for the quarter, compared to the consensus estimate of $169.45 million. During the same quarter last year, the company earned ($1.37) earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, analysts predict that H&R Block, Inc. will post 4.25 EPS for the current year.

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.