Sei Investments Co. Raises Stock Position in H&R Block, Inc. (NYSE:HRB) (2024)

Sei Investments Co. raised its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 49.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 307,014 shares of the company's stock after acquiring an additional 101,742 shares during the period. Sei Investments Co. owned approximately 0.22% of H&R Block worth $15,077,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HRB. Exchange Traded Concepts LLC increased its position in H&R Block by 91.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company's stock valued at $25,000 after acquiring an additional 248 shares during the last quarter. Mather Group LLC. bought a new position in shares of H&R Block in the 1st quarter worth approximately $28,000. Richardson Financial Services Inc. purchased a new position in shares of H&R Block in the fourth quarter worth approximately $37,000. Assetmark Inc. purchased a new position in shares of H&R Block in the fourth quarter worth approximately $43,000. Finally, Daiwa Securities Group Inc. purchased a new stake in H&R Block during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

Insider Activity at H&R Block

In other H&R Block news, CEO Jeffrey J. Jones II sold 44,975 shares of H&R Block stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $54.55, for a total value of $2,453,386.25. Following the sale, the chief executive officer now owns 712,386 shares of the company's stock, valued at approximately $38,860,656.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barrington Research lifted their price target on shares of H&R Block from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 28th. StockNews.com raised H&R Block from a "hold" rating to a "buy" rating in a report on Thursday.

H&R Block Trading Down 1.3 %

traded down $0.74 during midday trading on Thursday, hitting $55.53. The stock had a trading volume of 722,496 shares, compared to its average volume of 1,097,393. H&R Block, Inc. has a 52-week low of $33.01 and a 52-week high of $56.63. The company has a market capitalization of $7.75 billion, a PE ratio of 12.71, a P/E/G ratio of 0.94 and a beta of 0.68. The firm's fifty day moving average is $52.64 and its two-hundred day moving average is $49.26.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $4.94 EPS for the quarter, beating the consensus estimate of $4.66 by $0.28. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm earned $4.20 EPS. The company's revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that H&R Block, Inc. will post 4.29 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 5th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, June 5th. H&R Block's dividend payout ratio (DPR) is currently 29.29%.

About H&R Block

(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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