H&R Block, Inc. (NYSE:HRB) Stock Position Lessened by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its position in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 60.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,502 shares of the company's stock after selling 22,250 shares during the period. Exchange Traded Concepts LLC's holdings in H&R Block were worth $766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HRB. Sound Income Strategies LLC grew its stake in H&R Block by 0.8% during the 4th quarter. Sound Income Strategies LLC now owns 184,374 shares of the company's stock valued at $9,742,000 after purchasing an additional 1,542 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in H&R Block during the 4th quarter valued at $27,000. Janney Montgomery Scott LLC boosted its stake in H&R Block by 1.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 66,780 shares of the company's stock valued at $3,529,000 after acquiring an additional 655 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in H&R Block by 3.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 107,075 shares of the company's stock valued at $5,658,000 after acquiring an additional 3,280 shares during the last quarter. Finally, My Legacy Advisors LLC boosted its stake in H&R Block by 7.5% during the 4th quarter. My Legacy Advisors LLC now owns 5,124 shares of the company's stock valued at $284,000 after acquiring an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Stock Performance

HRB stock traded down $0.10 during trading on Thursday, hitting $54.45. 283,603 shares of the company's stock traded hands, compared to its average volume of 1,034,352. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45. The stock has a fifty day moving average price of $55.33 and a two-hundred day moving average price of $58.76. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.81 and a beta of 0.69.

H&R Block (NYSE:HRB - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts' consensus estimates of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The company had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. During the same quarter in the previous year, the firm earned ($1.05) earnings per share. As a group, equities analysts anticipate that H&R Block, Inc. will post 5.27 EPS for the current fiscal year.

H&R Block Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Thursday, December 5th. H&R Block's payout ratio is 36.59%.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a research note on Monday.

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.