H&R Block, Inc. (NYSE:HRB) Shares Bought by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC grew its holdings in H&R Block, Inc. (NYSE:HRB) by 12.1% in the first quarter, Holdings Channel.com reports. The firm owned 19,395 shares of the company’s stock after purchasing an additional 2,089 shares during the period. Measured Wealth Private Client Group LLC’s holdings in H&R Block were worth $952,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its holdings in shares of H&R Block by 91.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock valued at $25,000 after purchasing an additional 248 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of H&R Block by 1,200.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock valued at $28,000 after purchasing an additional 600 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of H&R Block in the first quarter valued at $28,000. Richardson Financial Services Inc. purchased a new stake in shares of H&R Block in the fourth quarter valued at $37,000. Finally, Assetmark Inc. purchased a new stake in shares of H&R Block in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HRB. StockNews.com upgraded H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Barrington Research upped their price target on shares of H&R Block from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th.

H&R Block Stock Performance

Shares of NYSE:HRB traded up $0.37 during midday trading on Tuesday, hitting $55.10. The company’s stock had a trading volume of 1,057,691 shares, compared to its average volume of 1,118,433. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.01 and a beta of 0.68. The stock’s 50 day simple moving average is $51.03 and its 200 day simple moving average is $48.71. H&R Block, Inc. has a fifty-two week low of $30.66 and a fifty-two week high of $55.43.

H&R Block (NYSE:HRB) last issued its quarterly earnings results on Thursday, May 9th. The company reported $4.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.66 by $0.28. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $4.20 earnings per share. As a group, analysts anticipate that H&R Block, Inc. will post 4.29 EPS for the current year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 5th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, June 5th. H&R Block’s payout ratio is presently 29.29%.

Insider Activity at H&R Block

In related news, CEO Jeffrey J. Jones II sold 44,975 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $54.55, for a total value of $2,453,386.25. Following the completion of the sale, the chief executive officer now owns 712,386 shares in the company, valued at $38,860,656.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

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.