Signaturefd LLC Sells 1,950 Shares of H&R Block, Inc. (NYSE:HRB)

Signaturefd LLC lessened its stake in H&R Block, Inc. (NYSE:HRB) by 80.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 465 shares of the company’s stock after selling 1,950 shares during the period. Signaturefd LLC’s holdings in H&R Block were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Edgestream Partners L.P. bought a new stake in shares of H&R Block in the 1st quarter valued at about $10,629,000. Arcus Capital Partners LLC bought a new stake in shares of H&R Block in the 1st quarter valued at about $332,000. Alps Advisors Inc. lifted its stake in shares of H&R Block by 4.9% in the 1st quarter. Alps Advisors Inc. now owns 313,312 shares of the company’s stock valued at $17,204,000 after acquiring an additional 14,518 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of H&R Block in the 1st quarter valued at about $213,000. Finally, Brown Advisory Inc. lifted its stake in shares of H&R Block by 1.6% in the 1st quarter. Brown Advisory Inc. now owns 11,942 shares of the company’s stock valued at $656,000 after acquiring an additional 191 shares during the last quarter. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

HRB stock opened at $56.61 on Thursday. H&R Block, Inc. has a fifty-two week low of $49.16 and a fifty-two week high of $68.45. The business’s 50 day moving average price is $56.21 and its two-hundred day moving average price is $55.71. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.88 and a beta of 0.24.

H&R Block (NYSE:HRB) last posted its earnings results on Wednesday, May 7th. The company reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.26. H&R Block had a negative return on equity of 179.57% and a net margin of 15.20%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the business earned $4.94 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.65%. H&R Block’s dividend payout ratio (DPR) is 36.76%.

Analyst Ratings Changes

A number of research firms have commented on HRB. Wall Street Zen raised H&R Block from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Barrington Research reissued an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research note on Friday, April 25th. Northcoast Research cut H&R Block from a “buy” rating to a “neutral” rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group boosted their target price on H&R Block from $49.00 to $54.00 and gave the company a “sell” rating in a research note on Thursday, May 8th.

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.