Treasurer of the State of North Carolina Decreases Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Treasurer of the State of North Carolina decreased its holdings in shares of H&R Block, Inc. (NYSE:HRBFree Report) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,737 shares of the company’s stock after selling 20,891 shares during the quarter. Treasurer of the State of North Carolina’s holdings in H&R Block were worth $3,276,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its stake in H&R Block by 91.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 518 shares of the company’s stock valued at $25,000 after purchasing an additional 248 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its position in H&R Block by 1,200.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 650 shares of the company’s stock valued at $28,000 after acquiring an additional 600 shares during the last quarter. Assetmark Inc. bought a new position in H&R Block during the fourth quarter valued at $43,000. Daiwa Securities Group Inc. bought a new position in H&R Block during the fourth quarter valued at $48,000. Finally, Meeder Asset Management Inc. bought a new position in H&R Block during the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Trading Up 2.1 %

NYSE HRB opened at $51.24 on Wednesday. The company’s 50-day moving average price is $49.02 and its 200-day moving average price is $47.86. The stock has a market cap of $7.15 billion, a PE ratio of 11.73, a PEG ratio of 0.93 and a beta of 0.69. H&R Block, Inc. has a 12 month low of $30.50 and a 12 month high of $54.21.

H&R Block (NYSE:HRBGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $4.94 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $0.28. H&R Block had a net margin of 17.87% and a negative return on equity of 224.81%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the business posted $4.20 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that H&R Block, Inc. will post 4.29 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, June 5th. H&R Block’s payout ratio is 29.29%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HRB. Barrington Research boosted their price objective on shares of H&R Block from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th. The Goldman Sachs Group boosted their price objective on shares of H&R Block from $34.00 to $38.00 and gave the company a “sell” rating in a research report on Wednesday, February 7th. Finally, StockNews.com upgraded shares of H&R Block from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

Get Our Latest Stock Analysis on HRB

H&R Block Profile

(Free Report)

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. It 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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