Lindenwold Advisors INC Purchases Shares of 5,523 H&R Block, Inc. (NYSE:HRB)

Lindenwold Advisors INC acquired a new position in shares of H&R Block, Inc. (NYSE:HRB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,523 shares of the company’s stock, valued at approximately $351,000.

A number of other hedge funds have also modified their holdings of HRB. Eastern Bank bought a new stake in H&R Block in the 3rd quarter valued at approximately $25,000. Bogart Wealth LLC raised its holdings in shares of H&R Block by 606.1% in the third quarter. Bogart Wealth LLC now owns 466 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of H&R Block in the third quarter worth $35,000. Harbor Capital Advisors Inc. acquired a new position in H&R Block during the third quarter worth $40,000. Finally, Quest Partners LLC grew its position in H&R Block by 2,756.0% in the second quarter. Quest Partners LLC now owns 714 shares of the company’s stock valued at $39,000 after purchasing an additional 689 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

Insider Activity at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 9,722 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $63.07, for a total transaction of $613,166.54. Following the transaction, the chief executive officer now owns 893,169 shares in the company, valued at $56,332,168.83. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $515,280.00. Following 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 30.22 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HRB has been the topic of several analyst reports. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. The Goldman Sachs Group lifted their target price on H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Friday, August 16th. Finally, Barrington Research reissued an “outperform” rating and set a $70.00 price target on shares of H&R Block in a research report on Friday, November 8th.

H&R Block Stock Performance

NYSE HRB opened at $60.39 on Tuesday. The firm has a market capitalization of $8.28 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 0.91 and a beta of 0.67. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The firm’s fifty day moving average price is $61.69 and its two-hundred day moving average price is $57.58. H&R Block, Inc. has a 1 year low of $42.28 and a 1 year high of $68.45.

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

H&R Block announced that its board has initiated a share buyback plan on Thursday, August 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy up to 16.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

H&R Block Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.48%. H&R Block’s dividend payout ratio is currently 36.59%.

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.