Measured Wealth Private Client Group LLC Invests $837,000 in H&R Block, Inc. (NYSE:HRB)

Measured Wealth Private Client Group LLC acquired a new position in shares of H&R Block, Inc. (NYSE:HRB) in the 4th quarter, Holdings Channel reports. The fund acquired 17,306 shares of the company’s stock, valued at approximately $837,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trexquant Investment LP lifted its stake in shares of 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 during the period. Nisa Investment Advisors LLC lifted 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 valued at $7,500,000 after purchasing an additional 38,476 shares during the period. Assenagon Asset Management S.A. acquired a new position in H&R Block during the fourth quarter valued at $1,228,000. Retirement Systems of Alabama lifted its position in H&R Block by 23.8% during the fourth quarter. Retirement Systems of Alabama now owns 363,889 shares of the company’s stock valued at $17,601,000 after purchasing an additional 69,846 shares during the period. Finally, American Century Companies Inc. lifted 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 valued at $22,162,000 after purchasing an additional 63,942 shares during the period. 90.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jeffrey J. Jones II sold 85,921 shares of the company’s stock in a transaction dated 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 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

HRB has been the subject of a number of research reports. StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a research 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 boosted their target price on shares of H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a research report on Wednesday, February 7th.

H&R Block Trading Down 1.0 %

Shares of H&R Block stock traded down $0.50 during trading hours on Friday, reaching $47.53. The stock had a trading volume of 668,514 shares, compared to its average volume of 894,496. The stock’s 50 day moving average is $47.73 and its 200 day moving average is $46.54. The firm has a market capitalization of $6.63 billion, a PE ratio of 13.09, a PEG ratio of 0.90 and a beta of 0.69. H&R Block, Inc. has a twelve month low of $28.83 and a twelve month high of $52.90.

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

H&R Block 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.