Hennion & Walsh Asset Management Inc. Reduces Stake in H&R Block, Inc. (NYSE:HRB)

Hennion & Walsh Asset Management Inc. lowered its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 16.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,192 shares of the company's stock after selling 13,058 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in H&R Block were worth $3,550,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Burney Co. raised its position in shares of H&R Block by 1.9% in the 4th quarter. Burney Co. now owns 46,586 shares of the company's stock worth $2,462,000 after acquiring an additional 869 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of H&R Block by 52.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 838 shares of the company's stock worth $44,000 after acquiring an additional 289 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of H&R Block by 7.2% in the 4th quarter. Park Avenue Securities LLC now owns 16,998 shares of the company's stock worth $898,000 after acquiring an additional 1,141 shares in the last quarter. Oak Thistle LLC bought a new position in H&R Block during the 4th quarter valued at approximately $1,613,000. Finally, Mendota Financial Group LLC bought a new position in H&R Block during the 4th quarter valued at approximately $116,000. Institutional investors own 90.14% of the company's stock.

H&R Block Stock Down 0.4 %

HRB stock traded down $0.22 on Friday, reaching $55.23. 951,939 shares of the company traded hands, compared to its average volume of 1,027,105. H&R Block, Inc. has a one year low of $42.28 and a one year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $7.57 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 0.81 and a beta of 0.69. The firm has a fifty day simple moving average of $56.21 and a 200-day simple moving average of $58.73.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share 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 for the quarter, compared to the consensus estimate of $188.78 million. During the same period last year, the business earned ($1.05) EPS. Research analysts anticipate that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.72%. H&R Block's dividend payout ratio is 36.59%.

Analyst Ratings Changes

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

H&R Block Company Profile

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.