H&R Block (NYSE:HRB) Insider Sells $109,863.00 in Stock

H&R Block, Inc. (NYSE:HRB) insider Mark Darling sold 2,700 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $40.69, for a total value of $109,863.00. Following the completion of the transaction, the insider directly owned 21,588 shares of the company’s stock, valued at approximately $878,415.72. The trade was a 11.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

H&R Block Price Performance

H&R Block stock opened at $41.69 on Monday. The stock has a 50-day moving average price of $47.21 and a two-hundred day moving average price of $39.67. H&R Block, Inc. has a 12 month low of $28.16 and a 12 month high of $58.67. The company has a market capitalization of $5.11 billion, a PE ratio of 7.29, a P/E/G ratio of 0.55 and a beta of 0.38. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 12.69.

H&R Block (NYSE:HRB) last released its quarterly earnings results on Tuesday, August 11th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.17. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. H&R Block had a negative return on equity of 214.84% and a net margin of 18.59%.The business’s quarterly revenue was up 255.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.27 earnings per share. H&R Block has set its FY 2027 guidance at 6.040-6.240 EPS. Analysts expect that H&R Block, Inc. will post 6.11 EPS for the current year.

H&R Block Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, September 3rd will be issued a $0.46 dividend. The ex-dividend date is Thursday, September 3rd. This is a boost from H&R Block’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 4.4%. H&R Block’s dividend payout ratio (DPR) is currently 32.17%.

Analyst Ratings Changes

Several research analysts have issued reports on HRB shares. Zacks Research lowered shares of H&R Block from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Barrington Research increased their price objective on shares of H&R Block from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of H&R Block in a report on Tuesday, September 29th. Stephens began coverage on H&R Block in a report on Tuesday, July 28th. They set an “equal weight” rating and a $47.00 price target for the company. Finally, The Goldman Sachs Group increased their price target on H&R Block from $29.00 to $33.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, H&R Block presently has an average rating of “Hold” and a consensus price target of $46.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its position in H&R Block by 54.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 895 shares of the company’s stock valued at $34,000 after buying an additional 314 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in H&R Block by 34.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,040 shares of the company’s stock worth $40,000 after acquiring an additional 267 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of H&R Block by 51.4% in the 1st quarter. Bogart Wealth LLC now owns 1,311 shares of the company’s stock worth $42,000 after acquiring an additional 445 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of H&R Block in the 2nd quarter worth $61,000. Finally, Leonteq Securities AG purchased a new stake in shares of H&R Block in the first quarter valued at about $86,000. Institutional investors own 90.14% of the company’s stock.

About H&R Block

H&R Block, Inc is a tax preparation and financial services company that helps individuals and small businesses manage tax filing and related financial needs. Its services are delivered through company-owned and franchise offices, online platforms and tax-preparation software, providing both assisted and do-it-yourself filing options.

The company offers federal, state and local tax preparation, tax planning and related support, along with products and services such as refund-related financial solutions, tax identity protection and small-business assistance.