CANADA LIFE ASSURANCE Co Sells 63,588 Shares of H&R Block, Inc. (NYSE:HRB)

CANADA LIFE ASSURANCE Co lowered its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 123,685 shares of the company's stock after selling 63,588 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.09% of H&R Block worth $6,535,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new stake in shares of H&R Block in the fourth quarter valued at approximately $27,000. Spire Wealth Management acquired a new stake in shares of H&R Block in the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. bought a new stake in shares of H&R Block during the fourth quarter worth $29,000. GAMMA Investing LLC lifted its stake 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 valued at $35,000 after acquiring an additional 258 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in 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 during the last quarter. 90.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HRB has been the topic of a number of research reports. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research note on Wednesday, February 5th.

Insider Buying and Selling at H&R Block

In other news, CEO Jeffrey J. Jones II sold 53,810 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $63.28, for a total value of $3,405,096.80. Following the completion of the transaction, the chief executive officer now owns 844,790 shares in the company, valued at $53,458,311.20. This represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company's stock.

H&R Block Price Performance

Shares of HRB opened at $60.03 on Wednesday. The stock has a market cap of $8.03 billion, a P/E ratio of 16.54, a price-to-earnings-growth 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 stock's 50-day moving average price is $54.90 and its two-hundred day moving average price is $56.23. 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 - Get Free Report) last issued 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 net margin of 14.71% and a negative return on equity of 179.15%. On average, equities analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.50%. H&R Block's dividend payout ratio is presently 41.32%.

H&R Block 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.

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