Wells Fargo & Company MN Sells 13,400 Shares of Liberty Tax Inc (NASDAQ:TAX)

Wells Fargo & Company MN lessened its stake in Liberty Tax Inc (NASDAQ:TAX) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 435,683 shares of the business services provider’s stock after selling 13,400 shares during the quarter. Wells Fargo & Company MN owned approximately 3.44% of Liberty Tax worth $6,273,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Citigroup Inc. boosted its position in Liberty Tax by 6.6% during the second quarter. Citigroup Inc. now owns 8,654 shares of the business services provider’s stock valued at $112,000 after buying an additional 535 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Liberty Tax during the third quarter valued at about $160,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Liberty Tax during the second quarter valued at about $171,000. Nationwide Fund Advisors boosted its position in Liberty Tax by 259.4% during the third quarter. Nationwide Fund Advisors now owns 18,704 shares of the business services provider’s stock valued at $269,000 after buying an additional 13,500 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Liberty Tax by 18.6% during the second quarter. Goldman Sachs Group Inc. now owns 22,607 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 3,552 shares during the last quarter. 47.79% of the stock is currently owned by institutional investors.

Shares of Liberty Tax Inc (TAX) opened at $11.70 on Wednesday. Liberty Tax Inc has a fifty-two week low of $9.90 and a fifty-two week high of $16.19. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.36. The company has a market cap of $148.39, a P/E ratio of 30.79 and a beta of 0.96.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Friday, January 12th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, January 11th. Liberty Tax’s dividend payout ratio is currently 168.42%.

A number of equities analysts recently issued reports on the stock. ValuEngine downgraded shares of Liberty Tax from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Liberty Tax from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th.

ILLEGAL ACTIVITY WARNING: This article was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.truebluetribune.com/2018/01/17/wells-fargo-company-mn-has-6-27-million-stake-in-liberty-tax-inc-tax.html.

Liberty Tax Profile

Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.

Institutional Ownership by Quarter for Liberty Tax (NASDAQ:TAX)

Receive News & Ratings for Liberty Tax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Tax and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply