Financial Counselors Inc. Sells 5,318 Shares of H&R Block, Inc. (NYSE:HRB)

Financial Counselors Inc. cut its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,423 shares of the company's stock after selling 5,318 shares during the period. Financial Counselors Inc. owned about 0.13% of H&R Block worth $9,692,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in H&R Block during the fourth quarter worth $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 in the 4th quarter worth about $29,000. GAMMA Investing LLC increased its position in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after purchasing an additional 258 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in H&R Block by 52.6% during 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 last quarter. Institutional investors own 90.14% of the company's stock.

H&R Block Price Performance

NYSE:HRB traded up $0.80 during mid-day trading on Monday, reaching $54.90. 1,219,025 shares of the company were exchanged, compared to its average volume of 1,287,755. H&R Block, Inc. has a 12 month low of $45.87 and a 12 month high of $68.45. The stock has a market cap of $7.35 billion, a PE ratio of 15.13, a PEG ratio of 0.80 and a beta of 0.65. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The company has a fifty day moving average of $53.26 and a 200 day moving average of $56.76.

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

H&R Block Announces Dividend

The company 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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, March 4th. H&R Block's dividend payout ratio (DPR) is presently 41.32%.

Analysts Set New Price Targets

Several brokerages have weighed in on HRB. StockNews.com cut shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Barrington Research restated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research 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.