H&R Block, Inc. (NYSE:HRB) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC cut its stake in H&R Block, Inc. (NYSE:HRBFree Report) by 15.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,818 shares of the company’s stock after selling 1,268 shares during the period. Kingsview Wealth Management LLC’s holdings in H&R Block were worth $294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HRB. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of H&R Block during the 2nd quarter worth $620,000. Canada Pension Plan Investment Board boosted its position in shares of H&R Block by 24.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 65,000 shares of the company’s stock worth $2,072,000 after acquiring an additional 12,800 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of H&R Block by 20.7% in the 2nd quarter. Bank of Nova Scotia now owns 17,199 shares of the company’s stock valued at $548,000 after acquiring an additional 2,954 shares during the last quarter. Kendall Capital Management acquired a new stake in shares of H&R Block during the 2nd quarter worth about $203,000. Finally, Victory Capital Management Inc. lifted its stake in H&R Block by 0.7% during the second quarter. Victory Capital Management Inc. now owns 406,468 shares of the company’s stock worth $12,954,000 after purchasing an additional 2,629 shares during the last quarter. 90.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other H&R Block news, CFO Tony G. Bowen sold 46,892 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $47.10, for a total transaction of $2,208,613.20. Following the completion of the sale, the chief financial officer now directly owns 125,591 shares of the company’s stock, valued at approximately $5,915,336.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barrington Research increased their price target on shares of H&R Block from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Friday, December 15th.

Get Our Latest Stock Analysis on H&R Block

H&R Block Trading Up 0.7 %

NYSE:HRB opened at $47.30 on Wednesday. The company has a market capitalization of $6.81 billion, a PE ratio of 13.48, a P/E/G ratio of 0.89 and a beta of 0.70. H&R Block, Inc. has a 52-week low of $28.83 and a 52-week high of $49.14. The stock’s 50 day moving average price is $46.92 and its 200 day moving average price is $42.82. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 46.44.

H&R Block (NYSE:HRBGet Free Report) last announced its earnings results on Tuesday, November 7th. The company reported ($1.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.13) by $0.08. H&R Block had a net margin of 16.07% and a negative return on equity of 244.61%. The business had revenue of $183.80 million for the quarter, compared to analyst estimates of $182.06 million. During the same period last year, the firm posted ($0.99) earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that H&R Block, Inc. will post 4.2 EPS for the current year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, March 4th. This represents a $1.28 dividend on an annualized basis and a yield of 2.71%. H&R Block’s dividend payout ratio is presently 36.47%.

H&R Block Company Profile

(Free Report)

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.

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

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