H&R Block, Inc. (NYSE:HRB) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its position in shares of H&R Block, Inc. (NYSE:HRB) by 4.6% during the fourth quarter, Holdings Channel reports. The fund 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 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HRB. HighTower Advisors LLC grew its holdings in H&R Block by 6.7% in the fourth quarter. HighTower Advisors LLC now owns 19,184 shares of the company’s stock valued at $1,014,000 after purchasing an additional 1,202 shares during the period. Wealthfront Advisers LLC grew its position in H&R Block by 143.0% in the fourth quarter. Wealthfront Advisers LLC now owns 47,716 shares of the company’s stock valued at $2,521,000 after acquiring an additional 28,082 shares in the last quarter. Ruffer LLP purchased a new stake in H&R Block during the 4th quarter worth $4,203,000. Kendall Capital Management increased its position in shares of H&R Block by 15.3% during the fourth quarter. Kendall Capital Management now owns 52,535 shares of the company’s stock worth $2,776,000 after acquiring an additional 6,990 shares during the last quarter. Finally, Amundi raised its position in shares of H&R Block by 1.5% in the 4th quarter. Amundi now owns 87,240 shares of the company’s stock valued at $4,738,000 after purchasing an additional 1,307 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Performance

HRB stock opened at $52.10 on Tuesday. The company has a 50-day simple moving average of $53.54 and a 200 day simple moving average of $57.47. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The company has a market capitalization of $6.97 billion, a P/E ratio of 14.35, a PEG 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.

H&R Block (NYSE:HRB) last announced 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 net margin of 14.71% and a negative return on equity of 179.15%. Sell-side analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th. StockNews.com cut H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

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.