Shelton Capital Management Lowers Stock Position in H&R Block, Inc. (NYSE:HRB)

Shelton Capital Management trimmed its holdings in H&R Block, Inc. (NYSE:HRB) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,268 shares of the company’s stock after selling 304 shares during the quarter. Shelton Capital Management’s holdings in H&R Block were worth $278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of H&R Block by 26.5% in the 4th quarter. Invesco Ltd. now owns 1,574,552 shares of the company’s stock worth $83,199,000 after acquiring an additional 330,279 shares during the period. Bank of Montreal Can raised its holdings in H&R Block by 13.3% during the fourth quarter. Bank of Montreal Can now owns 28,247 shares of the company’s stock worth $1,493,000 after purchasing an additional 3,313 shares in the last quarter. Federated Hermes Inc. raised its holdings in H&R Block by 442.0% during the fourth quarter. Federated Hermes Inc. now owns 89,918 shares of the company’s stock worth $4,751,000 after purchasing an additional 73,327 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in H&R Block by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 597,699 shares of the company’s stock valued at $31,582,000 after purchasing an additional 9,717 shares during the period. Finally, Aviva PLC purchased a new stake in H&R Block in the 4th quarter valued at approximately $554,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.

H&R Block Price Performance

H&R Block stock opened at $57.09 on Friday. 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 company has a market cap of $7.64 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.80 and a beta of 0.39. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The firm has a 50 day moving average price of $53.59 and a 200 day moving average price of $56.32.

H&R Block (NYSE:HRB) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. Sell-side analysts predict 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, April 3rd. Stockholders of record on Tuesday, March 4th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.63%. H&R Block’s payout ratio is currently 41.32%.

Analyst Ratings Changes

HRB has been the subject of a number of research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com cut shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th.

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.