Blue Whale Capital LLP Cuts Stake in H&R Block, Inc. (NYSE:HRB)

Blue Whale Capital LLP decreased its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 489,690 shares of the company's stock after selling 21,792 shares during the quarter. H&R Block accounts for 1.9% of Blue Whale Capital LLP's portfolio, making the stock its 18th largest position. Blue Whale Capital LLP owned about 0.36% of H&R Block worth $25,875,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors boosted its position in H&R Block by 31.0% during the third quarter. Captrust Financial Advisors now owns 11,169 shares of the company's stock valued at $710,000 after buying an additional 2,645 shares during the period. HighTower Advisors LLC boosted its holdings in H&R Block by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 17,982 shares of the company's stock valued at $1,147,000 after acquiring an additional 2,803 shares during the period. Janus Henderson Group PLC increased its stake in H&R Block by 2.0% in the 3rd quarter. Janus Henderson Group PLC now owns 62,859 shares of the company's stock worth $3,997,000 after purchasing an additional 1,212 shares during the period. IHT Wealth Management LLC increased its stake in shares of H&R Block by 5.4% in the third quarter. IHT Wealth Management LLC now owns 5,586 shares of the company's stock worth $355,000 after buying an additional 288 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in H&R Block during the 3rd quarter valued at $1,821,000. Hedge funds and other institutional investors own 90.14% of the company's stock.

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H&R Block Trading Up 3.6 %

Shares of HRB traded up $2.05 during trading hours on Friday, reaching $59.12. 1,922,552 shares of the company traded hands, compared to its average volume of 1,323,998. 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 $7.91 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39. The company's fifty day moving average price is $53.68 and its two-hundred day moving average price is $56.30. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data 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 predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block's payout ratio is currently 41.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HRB shares. StockNews.com cut shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Barrington Research reiterated an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a report on Wednesday, February 5th.

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.