LSV Asset Management Reduces Stock Position in H&R Block, Inc. (NYSE:HRB)

LSV Asset Management trimmed its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,458,633 shares of the company's stock after selling 66,518 shares during the period. LSV Asset Management owned about 1.06% of H&R Block worth $77,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HRB. Boston Partners boosted its position in H&R Block by 58.5% in the 4th quarter. Boston Partners now owns 4,500,552 shares of the company's stock valued at $237,814,000 after buying an additional 1,660,319 shares during the period. Norges Bank acquired a new stake in H&R Block in the fourth quarter valued at approximately $57,253,000. Boston Trust Walden Corp acquired a new position in H&R Block during the 4th quarter valued at about $25,552,000. Pacer Advisors Inc. lifted its stake in shares of H&R Block by 21.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after buying an additional 476,892 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of H&R Block by 26.5% in the 4th quarter. Invesco Ltd. now owns 1,574,552 shares of the company's stock valued at $83,199,000 after acquiring an additional 330,279 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Performance

HRB stock traded up $2.43 on Wednesday, hitting $63.86. The company's stock had a trading volume of 865,474 shares, compared to its average volume of 1,331,538. The firm has a 50 day moving average of $53.96 and a two-hundred day moving average of $56.26. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39.

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

H&R Block Announces Dividend

The business also recently disclosed 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 2.35%. The ex-dividend date of this dividend was Tuesday, March 4th. H&R Block's dividend payout ratio is currently 41.32%.

Analysts Set New Price Targets

HRB has been the topic of a number of research analyst reports. 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 reaffirmed an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a research note on Wednesday, February 5th.

H&R Block Profile

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.