H&R Block, Inc. (NYSE:HRB) CEO Sells $3,405,096.80 in Stock

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

H&R Block Stock Up 0.0 %

HRB opened at $63.03 on Monday. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The firm has a 50 day moving average price of $54.58 and a 200 day moving average price of $56.22. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $8.44 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

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

Hedge Funds Weigh In On H&R Block

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Endeavor Private Wealth Inc. acquired a new position in shares of H&R Block during the fourth quarter worth $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block during the fourth quarter valued at about $28,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of H&R Block during the fourth quarter worth about $29,000. GAMMA Investing LLC lifted its stake in shares of H&R Block by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in H&R Block by 52.6% in the fourth 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 during the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HRB. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research report on Wednesday, February 5th.

About H&R Block

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.