H&R Block (NYSE:HRB) CEO Jeffrey Jones II Sells 176,449 Shares

H&R Block, Inc. (NYSE:HRB) CEO Jeffrey Jones II sold 176,449 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $46.46, for a total transaction of $8,197,820.54. Following the completion of the transaction, the chief executive officer directly owned 906,313 shares in the company, valued at $42,107,301.98. This trade represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

H&R Block Stock Down 1.3%

HRB traded down $0.56 during trading on Friday, reaching $44.29. 1,622,527 shares of the stock traded hands, compared to its average volume of 1,485,923. The stock’s 50-day simple moving average is $50.53 and its two-hundred day simple moving average is $53.78. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.90 and a quick ratio of 0.90. H&R Block, Inc. has a fifty-two week low of $44.22 and a fifty-two week high of $64.62. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 0.82 and a beta of 0.32.

H&R Block (NYSE:HRB) last issued its earnings results on Thursday, November 6th. The company reported ($1.20) earnings per share for the quarter, topping the consensus estimate of ($1.40) by $0.20. The company had revenue of $203.55 million for the quarter, compared to analyst estimates of $200.13 million. H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.17) EPS. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. As a group, equities research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Thursday, December 4th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, December 4th. H&R Block’s dividend payout ratio (DPR) is presently 37.75%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SVB Wealth LLC acquired a new stake in shares of H&R Block in the first quarter worth $26,000. Alpine Bank Wealth Management bought a new stake in H&R Block in the 3rd quarter valued at $26,000. Clearstead Advisors LLC grew its position in H&R Block by 134.4% in the 3rd quarter. Clearstead Advisors LLC now owns 511 shares of the company’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Operose Advisors LLC bought a new position in shares of H&R Block during the 2nd quarter worth about $27,000. Finally, Quent Capital LLC acquired a new position in shares of H&R Block during the third quarter valued at about $27,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HRB has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of H&R Block in a research report on Thursday. Barrington Research reaffirmed an “outperform” rating and issued a $62.00 price target on shares of H&R Block in a research report on Monday, October 27th. Zacks Research cut H&R Block from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group dropped their price target on shares of H&R Block from $54.00 to $48.00 and set a “sell” rating on the stock in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, H&R Block presently has a consensus rating of “Hold” and a consensus price target of $55.00.

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.