Cerity Partners LLC Sells 17,026 Shares of H&R Block, Inc. (NYSE:HRB)

Cerity Partners LLC trimmed its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,637 shares of the company's stock after selling 17,026 shares during the period. Cerity Partners LLC owned about 0.08% of H&R Block worth $6,110,000 at the end of the most recent reporting period.

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

H&R Block Stock Performance

H&R Block stock traded up $0.76 during mid-day trading on Tuesday, reaching $61.51. 2,046,832 shares of the stock traded hands, compared to its average volume of 1,331,495. The stock has a market capitalization of $8.23 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The business's 50-day moving average is $53.81 and its 200-day moving average is $56.23. H&R Block, Inc. has a 12-month low of $45.87 and a 12-month high of $68.45.

Remove Ads

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported ($1.73) 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%. As a group, sell-side analysts predict that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th were given a $0.375 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.44%. H&R Block's payout ratio is 41.32%.

Analyst Ratings Changes

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

H&R Block Company 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.