Geode Capital Management LLC Trims Stock Holdings in H&R Block, Inc. (NYSE:HRB)

Geode Capital Management LLC decreased its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 2.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,614,941 shares of the company's stock after selling 60,115 shares during the period. Geode Capital Management LLC owned about 1.91% of H&R Block worth $166,217,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in H&R Block by 52.2% in the second quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company's stock valued at $148,492,000 after acquiring an additional 939,270 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of H&R Block by 1,630.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company's stock valued at $49,395,000 after purchasing an additional 732,359 shares in the last quarter. AQR Capital Management LLC increased its position in shares of H&R Block by 39.7% during the second quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company's stock valued at $115,418,000 after buying an additional 606,250 shares during the period. Charles Schwab Investment Management Inc. raised its stake in H&R Block by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock worth $313,735,000 after buying an additional 255,354 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in H&R Block by 29.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company's stock worth $44,364,000 after buying an additional 156,856 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Down 0.5 %

NYSE:HRB traded down $0.27 during mid-day trading on Monday, hitting $55.23. 986,583 shares of the company's stock were exchanged, compared to its average volume of 1,195,722. H&R Block, Inc. has a one year low of $42.28 and a one year high of $68.45. The business has a fifty day moving average price of $59.53 and a 200 day moving average price of $58.43. The company has a market cap of $7.57 billion, a PE ratio of 13.54, a P/E/G ratio of 0.86 and a beta of 0.66. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly 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). The firm had revenue of $193.81 million for the quarter, compared to analysts' expectations of $188.78 million. H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. During the same quarter in the previous year, the company earned ($1.05) EPS. Equities analysts predict that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, December 5th. H&R Block's dividend payout ratio is currently 36.59%.

Analysts Set New Price Targets

Separately, Barrington Research reissued an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a research report on Friday, November 8th.

About H&R Block

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.