Geode Capital Management LLC Sells 14,169 Shares of H&R Block, Inc. (NYSE:HRB)

Geode Capital Management LLC lowered its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,600,772 shares of the company's stock after selling 14,169 shares during the quarter. Geode Capital Management LLC owned about 1.90% of H&R Block worth $137,462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coldstream Capital Management Inc. increased its position in shares of H&R Block by 4.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company's stock valued at $309,000 after buying an additional 198 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of H&R Block by 5.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company's stock valued at $270,000 after purchasing an additional 221 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of H&R Block by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock valued at $225,000 after purchasing an additional 222 shares in the last quarter. US Bancorp DE boosted its position in shares of H&R Block by 1.9% during the fourth quarter. US Bancorp DE now owns 12,358 shares of the company's stock worth $653,000 after buying an additional 233 shares during the period. Finally, GAMMA Investing LLC lifted its stake in H&R Block by 64.5% in 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. 90.14% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

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

H&R Block Stock Performance

H&R Block stock traded up $2.05 during mid-day trading on Friday, hitting $59.12. 1,922,552 shares of the company's stock traded hands, compared to its average volume of 1,323,998. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 16.29, a P/E/G 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 firm has a 50 day simple moving average of $53.68 and a two-hundred day simple moving average of $56.30. H&R Block, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data 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%. On average, research analysts expect that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were paid a $0.375 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.54%. H&R Block's payout ratio is 41.32%.

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.