Measured Wealth Private Client Group LLC Acquires Shares of 17,306 H&R Block, Inc. (NYSE:HRB) (2024)

Measured Wealth Private Client Group LLC bought a new position in H&R Block, Inc. (NYSE:HRB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,306 shares of the company's stock, valued at approximately $837,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HRB. Amalgamated Bank lifted its stake in H&R Block by 1.1% in the fourth quarter. Amalgamated Bank now owns 104,909 shares of the company's stock worth $5,074,000 after purchasing an additional 1,105 shares during the last quarter. Natixis Advisors L.P. lifted its stake in shares of H&R Block by 29.0% in the 4th quarter. Natixis Advisors L.P. now owns 19,440 shares of the company's stock valued at $940,000 after acquiring an additional 4,372 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of H&R Block by 2.5% in the 4th quarter. New York Life Investment Management LLC now owns 16,556 shares of the company's stock valued at $801,000 after acquiring an additional 411 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in H&R Block by 1.0% during the 4th quarter. Victory Capital Management Inc. now owns 379,919 shares of the company's stock valued at $18,377,000 after acquiring an additional 3,721 shares during the period. Finally, Chase Investment Counsel Corp bought a new position in H&R Block during the 4th quarter worth approximately $1,015,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the stock in a transaction dated 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 directly owns 755,359 shares of the company's stock, valued at $37,171,216.39. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company's stock.

H&R Block Trading Down 1.0 %

NYSE HRB traded down $0.50 on Friday, hitting $47.53. The company's stock had a trading volume of 668,514 shares, compared to its average volume of 894,496. The firm has a market cap of $6.63 billion, a P/E ratio of 13.09, a PEG ratio of 0.90 and a beta of 0.69. H&R Block, Inc. has a 52-week low of $28.83 and a 52-week high of $52.90. The company's 50-day simple moving average is $47.73 and its 200 day simple moving average is $46.54.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($1.27) EPS for the quarter, topping analysts' consensus estimates of ($1.58) by $0.31. The company had revenue of $179.10 million during 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 quarter last year, the firm posted ($1.37) earnings per share. On average, research analysts forecast that H&R Block, Inc. will post 4.25 EPS for the current fiscal year.

H&R Block Company Profile

(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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