H&R Block Inc. (HRB) Trading 1.9% Higher
Shares of H&R Block Inc. (NYSE:HRB) traded up 1.9% during trading on Friday . The stock traded as high as $24.53 and last traded at $24.25, with a volume of 2,440,120 shares trading hands. The stock had previously closed at $23.80.
Several analysts recently commented on the stock. Sterne Agee CRT assumed coverage on shares of H&R Block in a research note on Tuesday, May 3rd. They set a “neutral” rating and a $33.00 target price for the company. BTIG Research reissued a “hold” rating on shares of H&R Block in a research note on Sunday, June 12th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of H&R Block in a research note on Sunday, June 12th. Piper Jaffray Cos. reissued an “overweight” rating and set a $31.00 target price on shares of H&R Block in a research note on Friday, June 3rd. Finally, BMO Capital Markets reissued a “hold” rating and set a $24.00 target price on shares of H&R Block in a research note on Friday, June 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.90.
The firm’s 50-day moving average is $22.76 and its 200-day moving average is $26.63. The company has a market cap of $5.35 billion and a PE ratio of 16.26.
H&R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, June 9th. The company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.01. The company earned $2.30 billion during the quarter. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 EPS. Equities research analysts expect that H&R Block Inc. will post $1.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Monday, June 20th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.63%. The ex-dividend date was Thursday, June 16th. This is a positive change from H&R Block’s previous quarterly dividend of $0.20.
In other H&R Block news, insider Jeffrey Brown sold 105,896 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $21.83, for a total value of $2,311,709.68. Following the completion of the sale, the insider now owns 150,187 shares in the company, valued at approximately $3,278,582.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert A. Gerard acquired 2,000 shares of the stock in a transaction on Thursday, June 16th. The stock was bought at an average price of $23.33 per share, with a total value of $46,660.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $116,650. The disclosure for this purchase can be found here.
Other large investors recently bought and sold shares of the company. Affinity Investment Advisors LLC boosted its stake in H&R Block by 3.0% in the fourth quarter. Affinity Investment Advisors LLC now owns 213,119 shares of the company’s stock valued at $7,099,000 after buying an additional 6,230 shares during the last quarter. Alpha Omega Wealth Management LLC acquired a new stake in shares of H&R Block during the fourth quarter valued at approximately $2,279,000. New York State Common Retirement Fund boosted its stake in shares of H&R Block by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 660,300 shares of the company’s stock valued at $21,995,000 after buying an additional 7,000 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of H&R Block by 132.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 232,097 shares of the company’s stock valued at $7,731,000 after buying an additional 132,421 shares in the last quarter.
H&R Block, Inc (H&R Block) is a holding company. The Company, through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, and its territories, Canada and Australia.
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