H&R Block, Inc. (NYSE:HRB) CEO Jeffrey J. Jones II Sells 53,810 Shares

H&R Block, Inc. (NYSE:HRB) CEO Jeffrey J. Jones II sold 53,810 shares of the business’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total value of $3,405,096.80. Following the completion of the transaction, the chief executive officer now owns 844,790 shares in the company, valued at $53,458,311.20. The trade was a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

H&R Block Price Performance

HRB stock opened at $63.03 on Friday. 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 stock has a market cap of $8.44 billion, a PE ratio of 17.36, a P/E/G ratio of 0.80 and a beta of 0.39. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45. The company has a 50-day moving average price of $54.58 and a 200 day moving average price of $56.31.

H&R Block (NYSE:HRB) last announced its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. Equities research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were issued a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.38%. H&R Block’s payout ratio is 41.32%.

Analysts Set New Price Targets

HRB has been the subject of several research reports. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Barrington Research reissued an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Ritholtz Wealth Management grew its position in shares of H&R Block by 1.3% during the 1st quarter. Ritholtz Wealth Management now owns 32,605 shares of the company’s stock worth $1,790,000 after buying an additional 410 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of H&R Block by 3.9% in the 1st quarter. Fifth Third Bancorp now owns 10,864 shares of the company’s stock valued at $597,000 after purchasing an additional 405 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of H&R Block by 140.6% in the 1st quarter. SG Americas Securities LLC now owns 14,514 shares of the company’s stock worth $797,000 after purchasing an additional 8,482 shares during the period. Abacus FCF Advisors LLC boosted its stake in shares of H&R Block by 14.8% during the first quarter. Abacus FCF Advisors LLC now owns 74,038 shares of the company’s stock valued at $4,065,000 after purchasing an additional 9,527 shares in the last quarter. Finally, Ibex Wealth Advisors increased its holdings in H&R Block by 0.7% during the first quarter. Ibex Wealth Advisors now owns 194,888 shares of the company’s stock valued at $10,701,000 after buying an additional 1,280 shares during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

H&R Block Company 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.