H&R Block, Inc. (NYSE:HRB) Stock Position Cut by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 63.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,584 shares of the company’s stock after selling 16,737 shares during the period. Cresset Asset Management LLC’s holdings in H&R Block were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HRB. Endeavor Private Wealth Inc. bought a new position in shares of H&R Block during the 4th quarter valued at about $27,000. Spire Wealth Management bought a new position in shares of H&R Block during the 4th quarter valued at about $28,000. Newbridge Financial Services Group Inc. bought a new position in shares of H&R Block during the 4th quarter valued at about $29,000. GAMMA Investing LLC boosted its position in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of H&R Block by 52.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock valued at $44,000 after purchasing an additional 289 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HRB. StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Barrington Research reiterated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Friday, April 25th. Northcoast Research cut shares of H&R Block from a “buy” rating to a “neutral” rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their target price on shares of H&R Block from $49.00 to $54.00 and gave the stock a “sell” rating in a report on Thursday, May 8th.

Insider Buying and Selling at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 53,810 shares of H&R Block stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total transaction of $3,405,096.80. Following the completion of the sale, the chief executive officer now owns 844,790 shares of the company’s stock, valued at $53,458,311.20. This trade represents a 5.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

H&R Block Stock Down 1.2%

NYSE:HRB opened at $56.25 on Thursday. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.80 and a beta of 0.28. H&R Block, Inc. has a 1-year low of $48.23 and a 1-year high of $68.45. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The business’s fifty day moving average price is $57.00 and its 200 day moving average price is $56.12.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.26. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.94 earnings per share. On average, sell-side analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Wednesday, June 4th. H&R Block’s dividend payout ratio (DPR) is currently 36.76%.

H&R Block Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.