PGGM Investments Lowers Stake in H&R Block, Inc. (NYSE:HRB)

PGGM Investments cut its holdings in shares of H&R Block, Inc. (NYSE:HRB) by 8.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,159 shares of the company’s stock after selling 4,765 shares during the period. PGGM Investments’ holdings in H&R Block were worth $2,862,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HRB. Endeavor Private Wealth Inc. acquired a new stake in shares of H&R Block in the fourth quarter valued at about $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block in the fourth quarter worth approximately $28,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of H&R Block during the fourth quarter worth approximately $29,000. Darwin Wealth Management LLC acquired a new position in H&R Block in the 3rd quarter valued at $34,000. Finally, GAMMA Investing LLC lifted its holdings in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

H&R Block Price Performance

NYSE:HRB opened at $49.86 on Friday. H&R Block, Inc. has a one year low of $45.87 and a one year high of $68.45. The stock has a market cap of $6.67 billion, a PE ratio of 13.74, a P/E/G ratio of 0.80 and a beta of 0.65. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50 day moving average price of $53.70 and a 200 day moving average price of $57.79.

H&R Block (NYSE:HRB) last issued 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%. Equities research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Tuesday, March 4th. H&R Block’s dividend payout ratio (DPR) is presently 41.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HRB shares. StockNews.com lowered shares of 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 set a $70.00 price target on shares of H&R Block in a research report on Wednesday, February 5th.

H&R Block Company 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.