Bank of Montreal Can Sells 14,513 Shares of H&R Block, Inc. (NYSE:HRB)

Bank of Montreal Can lowered its stake in shares of H&R Block, Inc. (NYSE:HRB – Get Rating) by 35.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,647 shares of the company’s stock after selling 14,513 shares during the period. Bank of Montreal Can’s holdings in H&R Block were worth $1,284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hanseatic Management Services Inc. acquired a new position in shares of H&R Block during the 3rd quarter worth approximately $36,000. Absolute Capital Management LLC acquired a new position in H&R Block in the 3rd quarter valued at $37,000. Belmont Capital LLC acquired a new position in H&R Block in the 3rd quarter valued at $37,000. Cullen Frost Bankers Inc. acquired a new position in H&R Block in the 3rd quarter valued at $43,000. Finally, Better Money Decisions LLC acquired a new stake in shares of H&R Block during the 2nd quarter worth $40,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HRB. The Goldman Sachs Group increased their target price on H&R Block from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Wednesday, February 8th. Barrington Research reiterated an “outperform” rating and issued a $48.00 target price on shares of H&R Block in a research report on Wednesday, February 8th.

Insider Activity

In other news, CEO Jeffrey J. Jones II sold 18,009 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $42.11, for a total value of $758,358.99. Following the transaction, the chief executive officer now owns 657,977 shares in the company, valued at $27,707,411.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

H&R Block Trading Down 0.7 %

Shares of H&R Block stock opened at $36.54 on Thursday. The company has a debt-to-equity ratio of 7.03, a quick ratio of 1.20 and a current ratio of 1.20. H&R Block, Inc. has a 52 week low of $23.65 and a 52 week high of $48.76. The stock has a 50 day moving average price of $37.96 and a two-hundred day moving average price of $40.99. The stock has a market capitalization of $5.56 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.77 and a beta of 0.67.

H&R Block (NYSE:HRB – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The company reported ($1.37) EPS for the quarter, beating analysts’ consensus estimates of ($1.48) by $0.11. H&R Block had a negative return on equity of 337.61% and a net margin of 14.57%. The firm had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $151.64 million. During the same quarter last year, the firm posted ($1.02) earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that H&R Block, Inc. will post 3.86 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 Wednesday, April 5th. Stockholders of record on Tuesday, March 7th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.17%. H&R Block’s dividend payout ratio is presently 40.00%.

H&R Block Company Profile

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H&R Block, Inc engages in the provision of tax preparation and other services. The firm offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail, and provides DIY tax services, including federal and state income tax returns, access to tax tips, advice, and tax-related news, use of calculators for tax planning, and error checking and electronic filing.