H&R Block, Inc. (NYSE:HRB) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,394 shares of the company's stock after selling 9,994 shares during the period. Corebridge Financial Inc. owned about 0.11% of H&R Block worth $8,211,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Boston Partners lifted its position in shares of H&R Block by 58.5% during the 4th quarter. Boston Partners now owns 4,500,552 shares of the company's stock valued at $237,814,000 after buying an additional 1,660,319 shares in the last quarter. Boston Trust Walden Corp purchased a new position in H&R Block during the fourth quarter valued at $25,552,000. Pacer Advisors Inc. grew its position in shares of H&R Block by 21.1% in the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock valued at $144,527,000 after purchasing an additional 476,892 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of H&R Block by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock worth $275,796,000 after purchasing an additional 282,633 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of H&R Block by 105.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 473,112 shares of the company's stock worth $24,999,000 after purchasing an additional 243,100 shares during the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

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H&R Block Price Performance

HRB traded up $1.43 on Tuesday, reaching $56.34. 1,060,856 shares of the company's stock were exchanged, compared to its average volume of 1,288,487. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month high of $68.45. The stock has a market cap of $7.54 billion, a PE ratio of 15.52, a P/E/G ratio of 0.80 and a beta of 0.65. 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 stock's fifty day moving average price is $53.28 and its 200-day moving average price is $56.71.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share 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%. Sell-side analysts expect that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block's dividend payout ratio (DPR) is 41.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research note 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.