California Public Employees Retirement System Sells 18,557 Shares of H&R Block, Inc. (NYSE:HRB)

California Public Employees Retirement System trimmed its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 545,643 shares of the company's stock after selling 18,557 shares during the period. California Public Employees Retirement System owned approximately 0.40% of H&R Block worth $28,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. purchased a new position in H&R Block in the 4th quarter worth about $27,000. Spire Wealth Management purchased a new position in shares of H&R Block during the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. acquired a new position in shares of H&R Block in the fourth quarter worth $29,000. GAMMA Investing LLC raised its holdings in shares of H&R Block by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after acquiring an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of H&R Block by 52.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock worth $44,000 after acquiring an additional 289 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

H&R Block Stock Up 2.0 %

Shares of HRB stock traded up $1.08 on Tuesday, hitting $55.74. The company's stock had a trading volume of 112,704 shares, compared to its average volume of 1,489,206. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.80 and a beta of 0.39. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45. The firm's fifty day moving average price is $53.50 and its 200-day moving average price is $56.50. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73.

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H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings results 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%. Research analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block's payout ratio is 41.32%.

Analysts Set New Price Targets

Several research analysts have weighed in on HRB shares. StockNews.com lowered H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Barrington Research restated 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.