Alaska Permanent Fund Corp Sells 3,111 Shares of H&R Block, Inc. (NYSE:HRB)

Alaska Permanent Fund Corp cut its position in shares of H&R Block, Inc. (NYSE:HRB) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 70,289 shares of the company’s stock after selling 3,111 shares during the quarter. Alaska Permanent Fund Corp’s holdings in H&R Block were worth $3,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Trexquant Investment LP grew its position in H&R Block by 198.1% during the third quarter. Trexquant Investment LP now owns 223,138 shares of the company’s stock worth $9,608,000 after buying an additional 148,274 shares in the last quarter. Nisa Investment Advisors LLC grew its position in H&R Block by 33.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 155,054 shares of the company’s stock worth $7,500,000 after buying an additional 38,476 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in H&R Block during the fourth quarter worth about $1,228,000. American Century Companies Inc. grew its position in H&R Block by 14.2% during the third quarter. American Century Companies Inc. now owns 514,674 shares of the company’s stock worth $22,162,000 after buying an additional 63,942 shares in the last quarter. Finally, AXQ Capital LP acquired a new stake in H&R Block during the third quarter worth about $1,184,000. 90.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a report on Wednesday, February 7th. StockNews.com raised H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $49.21, for a total value of $4,228,172.41. Following the completion of the transaction, the chief executive officer now owns 755,359 shares in the company, valued at approximately $37,171,216.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

H&R Block Price Performance

Shares of NYSE:HRB traded up $0.28 during trading on Wednesday, reaching $47.93. The stock had a trading volume of 908,696 shares, compared to its average volume of 1,062,390. H&R Block, Inc. has a 52 week low of $28.83 and a 52 week high of $52.90. The business’s 50-day moving average price is $47.72 and its 200 day moving average price is $46.35. The stock has a market capitalization of $6.69 billion, a PE ratio of 13.13, a P/E/G ratio of 0.89 and a beta of 0.70.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.58) by $0.31. H&R Block had a net margin of 16.98% and a negative return on equity of 227.22%. The company had revenue of $179.10 million during the quarter, compared to analysts’ expectations of $169.45 million. During the same quarter in the previous year, the company posted ($1.37) earnings per share. H&R Block’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts forecast that H&R Block, Inc. will post 4.25 EPS for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 5th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Monday, March 4th. H&R Block’s dividend payout ratio (DPR) is presently 35.26%.

H&R Block Company Profile

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.