Louisiana State Employees Retirement System lowered its stake in shares of H&R Block, Inc. (NYSE:HRB – Free Report) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,500 shares of the company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in H&R Block were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of H&R Block by 129.2% during the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the company’s stock valued at $83,000 after acquiring an additional 850 shares during the period. Harbour Investments Inc. lifted its position in shares of H&R Block by 1,552.2% during the 4th quarter. Harbour Investments Inc. now owns 1,520 shares of the company’s stock worth $80,000 after buying an additional 1,428 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of H&R Block by 87.0% during the 4th quarter. GeoWealth Management LLC now owns 1,612 shares of the company’s stock worth $85,000 after buying an additional 750 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of H&R Block during the 4th quarter worth $85,000. Finally, CIBC Private Wealth Group LLC increased its holdings in H&R Block by 11.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company’s stock worth $144,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.
H&R Block Stock Performance
H&R Block stock opened at $54.89 on Wednesday. H&R Block, Inc. has a fifty-two week low of $49.16 and a fifty-two week high of $68.45. The firm has a 50 day moving average price of $56.48 and a 200 day moving average price of $55.62. The company has a market capitalization of $7.35 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.88 and a beta of 0.24.
H&R Block Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were issued a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.73%. H&R Block’s dividend payout ratio is currently 36.76%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on HRB. Wall Street Zen upgraded H&R Block from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Barrington Research reaffirmed an “outperform” rating and set a $70.00 price target on shares of H&R Block in a research note on Friday, April 25th. The Goldman Sachs Group lifted their price target on H&R Block from $49.00 to $54.00 and gave the stock a “sell” rating in a research note on Thursday, May 8th. Finally, Northcoast Research cut H&R Block from a “buy” rating to a “neutral” rating in a report on Friday, May 2nd.
Read Our Latest Research Report on HRB
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.
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