H&R Block, Inc. (NYSE:HRB) Shares Sold by Vestcor Inc

Vestcor Inc decreased its position in H&R Block, Inc. (NYSE:HRB) by 58.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,004 shares of the company’s stock after selling 11,107 shares during the quarter. Vestcor Inc’s holdings in H&R Block were worth $423,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HRB. Assetmark Inc. lifted its holdings in H&R Block by 542.1% in the 3rd quarter. Assetmark Inc. now owns 1,297 shares of the company’s stock valued at $82,000 after acquiring an additional 1,095 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of H&R Block in the 3rd quarter worth approximately $461,000. Huntington National Bank lifted its stake in H&R Block by 46.8% during the third quarter. Huntington National Bank now owns 1,345 shares of the company’s stock valued at $85,000 after purchasing an additional 429 shares during the last quarter. Natixis Advisors LLC boosted its holdings in H&R Block by 8.9% during the third quarter. Natixis Advisors LLC now owns 25,802 shares of the company’s stock worth $1,640,000 after buying an additional 2,113 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in H&R Block by 1,628.4% during the third quarter. Quest Partners LLC now owns 12,341 shares of the company’s stock worth $784,000 after buying an additional 11,627 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HRB. Barrington Research reiterated an “outperform” rating and set a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

H&R Block Stock Performance

H&R Block stock opened at $52.10 on Tuesday. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The firm’s 50 day simple moving average is $53.54 and its 200-day simple moving average is $57.47. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $6.97 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. As a group, equities research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s payout ratio is 41.32%.

H&R Block Company Profile

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.