Quinn Opportunity Partners LLC Trims Stake in H&R Block, Inc. (NYSE:HRB)

Quinn Opportunity Partners LLC reduced its position in H&R Block, Inc. (NYSE:HRBGet Rating) by 30.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,700 shares of the company’s stock after selling 81,800 shares during the quarter. Quinn Opportunity Partners LLC owned 0.12% of H&R Block worth $4,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of H&R Block during the fourth quarter worth $2,223,000. Alberta Investment Management Corp increased its stake in H&R Block by 23.9% in the 4th quarter. Alberta Investment Management Corp now owns 70,389 shares of the company’s stock worth $1,658,000 after buying an additional 13,589 shares during the period. Quantedge Capital Pte Ltd lifted its holdings in H&R Block by 14.5% during the 4th quarter. Quantedge Capital Pte Ltd now owns 94,500 shares of the company’s stock valued at $2,226,000 after buying an additional 12,000 shares in the last quarter. Camarda Financial Advisors LLC purchased a new stake in H&R Block in the 4th quarter valued at about $700,000. Finally, Fort L.P. grew its stake in H&R Block by 44.3% in the 4th quarter. Fort L.P. now owns 23,020 shares of the company’s stock worth $542,000 after acquiring an additional 7,063 shares in the last quarter. 86.46% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE HRB traded up $1.05 during trading on Friday, reaching $35.51. 1,766,064 shares of the company traded hands, compared to its average volume of 2,601,721. H&R Block, Inc. has a 12-month low of $21.08 and a 12-month high of $35.51. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 33.14. The stock has a market cap of $5.67 billion, a P/E ratio of 10.41, a PEG ratio of 0.81 and a beta of 0.71. The firm’s fifty day simple moving average is $28.15 and its 200 day simple moving average is $25.45.

H&R Block (NYSE:HRBGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $4.11 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.60. H&R Block had a return on equity of 6,248.49% and a net margin of 16.61%. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the business earned ($1.17) earnings per share. H&R Block’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts expect that H&R Block, Inc. will post 3.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 8th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, June 7th. H&R Block’s dividend payout ratio (DPR) is presently 31.67%.

A number of analysts recently issued reports on HRB shares. Zacks Investment Research upgraded H&R Block from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a report on Friday, May 13th. StockNews.com initiated coverage on H&R Block in a report on Thursday, March 31st. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, H&R Block has an average rating of “Hold” and an average target price of $27.00.

H&R Block Company Profile (Get Rating)

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.

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Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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