Securian Asset Management Inc. Lowers Stock Position in H&R Block, Inc. (NYSE:HRB)

Securian Asset Management Inc. lowered its stake in H&R Block, Inc. (NYSE:HRB) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,360 shares of the company’s stock after selling 494 shares during the quarter. Securian Asset Management Inc.’s holdings in H&R Block were worth $547,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Coldstream Capital Management Inc. lifted its stake in shares of H&R Block by 4.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company’s stock valued at $309,000 after purchasing an additional 198 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of H&R Block by 5.5% in the third quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company’s stock valued at $270,000 after purchasing an additional 221 shares during the period. CIBC Asset Management Inc grew its stake in shares of H&R Block by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company’s stock worth $225,000 after acquiring an additional 222 shares in the last quarter. US Bancorp DE grew its stake in H&R Block by 1.9% during the 4th quarter. US Bancorp DE now owns 12,358 shares of the company’s stock worth $653,000 after purchasing an additional 233 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after buying an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

Shares of NYSE:HRB opened at $52.10 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 52 week low of $45.87 and a 52 week high of $68.45. The company has a market cap of $6.97 billion, a P/E ratio of 14.35, a PEG ratio of 0.80 and a beta of 0.65. The company has a 50-day moving average price of $53.54 and a 200 day moving average price of $57.47.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates 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%. Research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block 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.