--- title: "Gallacher Capital Management LLC Sells 12,092 Shares of H&R Block, Inc. (NYSE:HRB)" description: "Gallacher Capital Management LLC decreased its stake in H&R Block, Inc. (NYSE:HRB) by 64.1% in Q2, now owning 6,787 shares after selling 12,092. Other hedge funds like Mather Group LLC and Richardson " type: "news" locale: "en" url: "https://longbridge.com/en/news/213818746.md" published_at: "2024-09-09T10:09:52.000Z" --- # Gallacher Capital Management LLC Sells 12,092 Shares of H&R Block, Inc. (NYSE:HRB) > Gallacher Capital Management LLC decreased its stake in H&R Block, Inc. (NYSE:HRB) by 64.1% in Q2, now owning 6,787 shares after selling 12,092. Other hedge funds like Mather Group LLC and Richardson Financial Services Inc. also adjusted their positions. Analysts have lowered ratings from "buy" to "hold" and set various price targets. CFO Tony G. Bowen sold 79,259 shares, while VP Kellie J. Logerwell sold 9,846 shares. H&R Block's stock opened at $14.92, with earnings beating estimates at $0.89 per share. Gallacher Capital Management LLC lessened its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 64.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,787 shares of the company's stock after selling 12,092 shares during the period. Gallacher Capital Management LLC's holdings in H&R Block were worth $368,000 at the end of the most recent reporting period. - 3 High-Quality Value Stocks You Should Know Other hedge funds have also made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of H&R Block in the first quarter valued at about $28,000. Richardson Financial Services Inc. bought a new stake in shares of H&R Block in the fourth quarter valued at about $37,000. Versant Capital Management Inc lifted its stake in H&R Block by 4,152.9% during the second quarter. Versant Capital Management Inc now owns 723 shares of the company's stock worth $39,000 after purchasing an additional 706 shares during the period. Assetmark Inc. bought a new position in H&R Block during the fourth quarter worth about $43,000. Finally, Newbridge Financial Services Group Inc. bought a new position in H&R Block during the first quarter worth about $49,000. Institutional investors own 90.14% of the company's stock. ## Analysts Set New Price Targets A number of research analysts have commented on the stock. StockNews.com cut shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Friday, August 16th. The Goldman Sachs Group raised their price target on shares of H&R Block from $39.00 to $44.00 and gave the stock a "sell" rating in a research note on Friday, August 16th. Finally, Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of H&R Block in a research note on Wednesday, August 14th. - Why H&R Block Stock Looks More Attractive After Earnings Dip **Get Our Latest Stock Report on HRB** ## Insider Activity In other news, CFO Tony G. Bowen sold 79,259 shares of H&R Block stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $65.17, for a total value of $5,165,309.03. Following the completion of the transaction, the chief financial officer now owns 90,095 shares in the company, valued at $5,871,491.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Tony G. Bowen sold 79,259 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $65.17, for a total value of $5,165,309.03. Following the completion of the transaction, the chief financial officer now owns 90,095 shares in the company, valued at approximately $5,871,491.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kellie J. Logerwell sold 9,846 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.00, for a total value of $639,990.00. Following the completion of the transaction, the vice president now owns 25,028 shares in the company, valued at $1,626,820. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,902 shares of company stock worth $9,455,162. Insiders own 1.20% of the company's stock. ## H&R Block Stock Performance - 3 Unstoppable Value Stocks You Did Not Expect NYSE:HRB opened at $62.92 on Monday. H&R Block, Inc. has a 1 year low of $38.78 and a 1 year high of $68.45. The firm has a 50 day moving average of $58.38 and a 200-day moving average of $52.57. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 16.46. The stock has a market capitalization of $8.78 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 0.96 and a beta of 0.66. H&R Block (NYSE:HRB - Get Free Report) last posted its earnings results on Thursday, August 15th. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.15. H&R Block had a net margin of 16.49% and a negative return on equity of 220.05%. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. H&R Block's quarterly revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current fiscal year. ## H&R Block Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 5th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.38%. This is a boost from H&R Block's previous quarterly dividend of $0.32. H&R Block's payout ratio is 34.32%. H&R Block announced that its board has authorized a share repurchase program on Thursday, August 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to reacquire up to 16.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued. ## H&R Block 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. ## Read More - Five stocks we like better than H&R Block - The Most Important Warren Buffett Stock for Investors: His Own - GE Vernova's Rally Could Continue as Wind Business Gains Ground - How to Invest in Insurance Companies: A Guide - DraftKings vs. DoubleDown: Growth in the Online Gambling Boom - What is the Dogs of the Dow Strategy? Overview and Examples - Join UiPath’s AI Surge and Catch the Coming Stock Price Reversal **Want to see what other hedge funds are holding HRB?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&R Block, Inc. (NYSE:HRB - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Ex-CIA Advisor: “This is How Kamala will Rig the Election” (From Paradigm Press) (Ad)## Should you invest $1,000 in H&R Block right now? Before you consider H&R Block, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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