Prudential PLC Lowers Position in H&R Block, Inc. (NYSE:HRB)

Prudential PLC lessened its stake in shares of H&R Block, Inc. (NYSE:HRB) by 86.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,822 shares of the company’s stock after selling 69,233 shares during the period. Prudential PLC’s holdings in H&R Block were worth $572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HRB. Endeavor Private Wealth Inc. purchased a new stake in H&R Block in the 4th quarter worth approximately $27,000. Spire Wealth Management bought a new position in H&R Block in the 4th quarter worth $28,000. Newbridge Financial Services Group Inc. bought a new position in H&R Block in the 4th quarter worth $29,000. GAMMA Investing LLC increased its stake in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after buying an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of H&R Block by 52.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company’s stock valued at $44,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HRB shares. StockNews.com downgraded H&R Block from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Barrington Research reissued an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Price Performance

NYSE:HRB opened at $54.68 on Tuesday. The business’s 50-day moving average is $53.50 and its 200 day moving average is $56.50. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45. The company has a market capitalization of $7.32 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.80 and a beta of 0.39. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities research analysts forecast that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block’s dividend payout ratio is 41.32%.

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.