Guggenheim Capital LLC Has $590,000 Stock Position in H&R Block, Inc. (NYSE:HRB)

Guggenheim Capital LLC lessened its holdings in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 48.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,172 shares of the company's stock after selling 10,514 shares during the quarter. Guggenheim Capital LLC's holdings in H&R Block were worth $590,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HRB. CIBC Asset Management Inc raised its position in shares of H&R Block by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock worth $225,000 after buying an additional 222 shares during the period. State of Alaska Department of Revenue raised its position in shares of H&R Block by 26.8% in the 4th quarter. State of Alaska Department of Revenue now owns 58,628 shares of the company's stock worth $3,097,000 after buying an additional 12,390 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of H&R Block by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,219,462 shares of the company's stock worth $275,796,000 after buying an additional 282,633 shares during the period. Raymond James Financial Inc. acquired a new stake in H&R Block in the 4th quarter valued at $10,725,000. Finally, Martingale Asset Management L P increased its holdings in H&R Block by 620.0% in the 4th quarter. Martingale Asset Management L P now owns 29,225 shares of the company's stock valued at $1,544,000 after purchasing an additional 25,166 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

Wall Street Analyst Weigh In

HRB has been the subject of several recent research reports. StockNews.com downgraded H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research reaffirmed an "outperform" rating and set a $70.00 target price on shares of H&R Block in a research report on Friday.

Insider Transactions at H&R Block

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the transaction, the chief executive officer now directly owns 844,790 shares of the company's stock, valued at approximately $53,458,311.20. This trade represents a 5.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company's stock.

H&R Block Stock Performance

Shares of HRB traded up $0.93 during trading hours on Monday, reaching $60.62. 1,740,983 shares of the company's stock traded hands, compared to its average volume of 1,361,063. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 16.70, 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. H&R Block, Inc. has a twelve month low of $46.46 and a twelve month high of $68.45. The business's fifty day simple moving average is $55.48 and its two-hundred day simple moving average is $56.14.

H&R Block (NYSE:HRB - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing the consensus estimate 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%. Analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block's dividend payout ratio (DPR) is presently 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.