Newbridge Financial Services Group Inc. Buys Shares of 1,005 H&R Block, Inc. (NYSE:HRB)

Newbridge Financial Services Group Inc. purchased a new position in shares of H&R Block, Inc. (NYSE:HRB) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,005 shares of the company’s stock, valued at approximately $49,000.

A number of other hedge funds also recently modified their holdings of the business. Simplicity Wealth LLC acquired a new stake in shares of H&R Block during the first quarter worth about $286,000. Global Retirement Partners LLC raised its position in H&R Block by 29.9% in the 1st quarter. Global Retirement Partners LLC now owns 2,444 shares of the company’s stock valued at $120,000 after buying an additional 562 shares during the last quarter. Paradiem LLC raised its position in H&R Block by 3.3% in the 1st quarter. Paradiem LLC now owns 163,878 shares of the company’s stock valued at $8,048,000 after buying an additional 5,286 shares during the last quarter. PFG Investments LLC acquired a new stake in H&R Block in the 1st quarter valued at approximately $226,000. Finally, Raymond James & Associates raised its position in H&R Block by 11.5% in the 1st quarter. Raymond James & Associates now owns 150,284 shares of the company’s stock valued at $7,380,000 after buying an additional 15,461 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

HRB has been the topic of a number of recent research reports. Barrington Research reissued an “outperform” rating and issued a $55.00 target price on shares of H&R Block in a research report on Friday, May 10th. The Goldman Sachs Group lifted their target price on H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a research report on Wednesday, February 7th. Finally, StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

H&R Block Stock Down 1.6 %

Shares of HRB stock traded down $0.84 during trading on Wednesday, reaching $52.99. 736,287 shares of the company’s stock were exchanged, compared to its average volume of 1,120,448. The stock has a market capitalization of $7.39 billion, a PE ratio of 12.12, a PEG ratio of 0.99 and a beta of 0.69. H&R Block, Inc. has a twelve month low of $28.83 and a twelve month high of $54.21. The firm’s fifty day moving average price is $48.51 and its 200-day moving average price is $47.43.

H&R Block (NYSE:HRB) last posted its earnings results on Thursday, May 9th. The company reported $4.94 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.28. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.14 billion. H&R Block had a negative return on equity of 224.81% and a net margin of 17.87%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.20 EPS. As a group, analysts anticipate that H&R Block, Inc. will post 4.29 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, June 5th. H&R Block’s payout ratio is presently 29.29%.

Insider Buying and Selling at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 85,921 shares of the company’s stock in a transaction on 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 directly owns 755,359 shares of the company’s stock, valued at approximately $37,171,216.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

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.