Rodgers Brothers Inc. Trims Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Rodgers Brothers Inc. decreased its position in H&R Block, Inc. (NYSE:HRB) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 110,700 shares of the company’s stock after selling 2,950 shares during the quarter. Rodgers Brothers Inc.’s holdings in H&R Block were worth $5,849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. purchased a new stake in shares of H&R Block in the 4th quarter worth about $27,000. Spire Wealth Management bought a new stake in H&R Block during the fourth quarter worth about $28,000. Newbridge Financial Services Group Inc. purchased a new stake in H&R Block in the fourth quarter worth about $29,000. GAMMA Investing LLC increased its stake 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 valued at $35,000 after purchasing an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of H&R Block by 52.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock valued at $44,000 after purchasing an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Analyst Upgrades and Downgrades

HRB has been the topic of several recent research reports. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barrington Research reissued an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th.

H&R Block Stock Up 0.3 %

NYSE:HRB opened at $54.12 on Monday. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $7.24 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The firm has a 50-day simple moving average of $53.26 and a two-hundred day simple moving average of $56.82.

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

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Tuesday, March 4th. H&R Block’s dividend payout ratio is 41.32%.

About H&R Block

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.