LSV Asset Management Has $81.30 Million Stake in H&R Block, Inc. (NYSE:HRB)

LSV Asset Management cut its stake in shares of H&R Block, Inc. (NYSE:HRB) by 0.9% in the fourth quarter, Holdings Channel reports. The fund owned 1,680,700 shares of the company’s stock after selling 14,515 shares during the period. LSV Asset Management’s holdings in H&R Block were worth $81,295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its position in shares of H&R Block by 110.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,768,425 shares of the company’s stock worth $119,208,000 after purchasing an additional 1,453,504 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of H&R Block by 91.6% in the fourth quarter. California Public Employees Retirement System now owns 551,156 shares of the company’s stock valued at $26,659,000 after buying an additional 263,546 shares during the last quarter. Ibex Wealth Advisors acquired a new stake in H&R Block in the 3rd quarter valued at about $9,438,000. NewEdge Wealth LLC raised its stake in shares of H&R Block by 22.9% in the third quarter. NewEdge Wealth LLC now owns 1,007,746 shares of the company’s stock worth $43,394,000 after acquiring an additional 188,023 shares during the last quarter. Finally, Paradiem LLC acquired a new position in shares of H&R Block during the fourth quarter worth approximately $7,671,000. Institutional investors and hedge funds own 90.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com raised shares of H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Barrington Research restated an “outperform” rating and set a $55.00 target price on shares of H&R Block in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price target on H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a report on Wednesday, February 7th.

Insider Activity

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

H&R Block Stock Down 1.0 %

HRB stock traded down $0.50 during midday trading on Friday, reaching $47.53. The company’s stock had a trading volume of 668,514 shares, compared to its average volume of 894,496. The business’s 50-day simple moving average is $47.73 and its 200-day simple moving average is $46.56. H&R Block, Inc. has a 52 week low of $28.83 and a 52 week high of $52.90. The stock has a market cap of $6.63 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 0.89 and a beta of 0.69.

H&R Block (NYSE:HRB) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.58) by $0.31. The business had revenue of $179.10 million for the quarter, compared to analyst estimates of $169.45 million. H&R Block had a negative return on equity of 227.22% and a net margin of 16.98%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned ($1.37) EPS. As a group, equities analysts forecast that H&R Block, Inc. will post 4.25 earnings per share for the current fiscal year.

About H&R Block

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.