State Board of Administration of Florida Retirement System Reduces Stock Position in H&R Block, Inc. (NYSE:HRB)

State Board of Administration of Florida Retirement System trimmed its position in H&R Block, Inc. (NYSE:HRB – Get Rating) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 192,763 shares of the company’s stock after selling 4,860 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.12% of H&R Block worth $7,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in HRB. Hanseatic Management Services Inc. bought a new stake in shares of H&R Block in the 3rd quarter valued at approximately $36,000. Quadrant Capital Group LLC increased its holdings in shares of H&R Block by 56.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 955 shares of the company’s stock valued at $41,000 after acquiring an additional 346 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of H&R Block in the 3rd quarter valued at approximately $43,000. CWM LLC increased its holdings in shares of H&R Block by 90.8% in the 3rd quarter. CWM LLC now owns 1,433 shares of the company’s stock valued at $61,000 after acquiring an additional 682 shares during the last quarter. Finally, Wipfli Financial Advisors LLC bought a new stake in shares of H&R Block in the 3rd quarter valued at approximately $84,000. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HRB has been the subject of a number of analyst reports. StockNews.com initiated coverage on H&R Block in a research report on Thursday, March 16th. They set a “hold” rating for the company. Barrington Research reduced their price objective on H&R Block from $48.00 to $42.00 in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price target on H&R Block from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Wednesday, February 8th.

H&R Block Price Performance

HRB opened at $31.23 on Thursday. H&R Block, Inc. has a fifty-two week low of $24.99 and a fifty-two week high of $48.76. The business has a 50-day moving average of $34.31 and a 200-day moving average of $37.71. The company has a market capitalization of $4.76 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.67.

H&R Block (NYSE:HRB – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $4.20 EPS for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.26). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. H&R Block had a net margin of 14.57% and a negative return on equity of 337.61%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.11 EPS. On average, equities research analysts expect that H&R Block, Inc. will post 3.86 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Wednesday, June 7th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, June 6th. H&R Block’s dividend payout ratio (DPR) is currently 40.00%.

H&R Block Company Profile

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H&R Block, Inc engages in the provision of tax preparation and other services. The firm offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail, and provides DIY tax services, including federal and state income tax returns, access to tax tips, advice, and tax-related news, use of calculators for tax planning, and error checking and electronic filing.