Baird Financial Group Inc. Decreases Holdings in H&R Block, Inc. (NYSE:HRB)

Baird Financial Group Inc. reduced its stake in H&R Block, Inc. (NYSE:HRBGet Rating) by 7.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 10,135 shares of the company’s stock after selling 845 shares during the quarter. Baird Financial Group Inc.’s holdings in H&R Block were worth $358,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HRB. Truist Financial Corp raised its position in H&R Block by 9.9% in the first quarter. Truist Financial Corp now owns 12,462 shares of the company’s stock worth $325,000 after acquiring an additional 1,119 shares during the period. SG Americas Securities LLC grew its holdings in H&R Block by 116.9% during the first quarter. SG Americas Securities LLC now owns 87,479 shares of the company’s stock valued at $2,278,000 after purchasing an additional 47,152 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of H&R Block by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 122,597 shares of the company’s stock valued at $3,192,000 after buying an additional 999 shares during the period. Victory Capital Management Inc. lifted its position in shares of H&R Block by 37.7% during the 1st quarter. Victory Capital Management Inc. now owns 594,441 shares of the company’s stock valued at $15,497,000 after buying an additional 162,618 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. grew its stake in shares of H&R Block by 20.0% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 156,000 shares of the company’s stock worth $4,062,000 after acquiring an additional 26,000 shares during the period. Institutional investors own 87.06% of the company’s stock.

Insider Buying and Selling

In other H&R Block news, insider Karen A. Orosco sold 50,000 shares of H&R Block stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $45.00, for a total transaction of $2,250,000.00. Following the completion of the sale, the insider now directly owns 89,733 shares in the company, valued at $4,037,985. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

H&R Block Price Performance

HRB stock opened at $42.47 on Tuesday. The firm has a 50 day moving average of $41.53 and a 200-day moving average of $39.33. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 7.03. The firm has a market capitalization of $6.60 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 0.90 and a beta of 0.60. H&R Block, Inc. has a 12 month low of $21.08 and a 12 month high of $48.76.

H&R Block (NYSE:HRBGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported ($0.99) EPS for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.09. H&R Block had a net margin of 15.56% and a negative return on equity of 613.29%. During the same quarter last year, the company posted ($0.78) earnings per share. As a group, sell-side analysts predict that H&R Block, Inc. will post 3.8 earnings per share for the current fiscal year.

H&R Block announced that its Board of Directors has initiated a stock buyback program on Tuesday, August 9th that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the company to reacquire up to 17.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

H&R Block Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Tuesday, December 6th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, December 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.73%. H&R Block’s dividend payout ratio (DPR) is presently 35.69%.

Analyst Ratings Changes

Several equities research analysts have commented on HRB shares. initiated coverage on shares of H&R Block in a report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet downgraded shares of H&R Block from a “b” rating to a “d+” rating in a report on Tuesday, November 1st. Barrington Research boosted their target price on shares of H&R Block from $40.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, August 10th. Finally, The Goldman Sachs Group raised their price target on H&R Block from $22.60 to $25.00 and gave the stock a “sell” rating in a report on Thursday, November 3rd.

H&R Block Company Profile

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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. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.

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Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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