H&R Block, Inc. (NYSE:HRB) Stock Position Reduced by Vestcor Inc

Vestcor Inc decreased its stake in H&R Block, Inc. (NYSE:HRB) by 58.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new stake in shares of H&R Block in the fourth quarter worth about $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block during the 4th quarter worth approximately $28,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of H&R Block during the 4th quarter valued at about $29,000. Darwin Wealth Management LLC bought a new stake in H&R Block in the third quarter valued at $34,000. Finally, GAMMA Investing LLC grew its position in H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of NYSE HRB opened at $52.10 on Tuesday. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45. The stock has a 50 day moving average of $53.54 and a 200-day moving average of $57.47. The company has a current ratio of 0.73, a quick 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 P/E/G ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB) last announced its quarterly earnings results 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 net margin of 14.71% and a negative return on equity of 179.15%. 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 disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a $0.375 dividend. 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 dividend payout ratio (DPR) is 41.32%.

Analyst Ratings Changes

Several research firms have issued reports on HRB. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Barrington Research restated an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a research 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.