Moran Wealth Management LLC Has $16.54 Million Position in H&R Block, Inc. (NYSE:HRB)

Moran Wealth Management LLC trimmed its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,013 shares of the company’s stock after selling 931 shares during the period. Moran Wealth Management LLC owned about 0.23% of H&R Block worth $16,540,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barrington Research reissued an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th.

H&R Block Trading Up 4.6 %

Shares of H&R Block stock opened at $55.52 on Monday. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The business has a fifty day simple moving average of $53.66 and a two-hundred day simple moving average of $57.97. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.59) by ($0.14). H&R Block had a negative return on equity of 179.15% and a net margin of 14.71%. Research analysts forecast that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.70%. H&R Block’s dividend payout ratio (DPR) is currently 41.32%.

About H&R Block

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.