New York State Teachers Retirement System Trims Holdings in H&R Block, Inc. (NYSE:HRB)

New York State Teachers Retirement System trimmed its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,480 shares of the company's stock after selling 7,061 shares during the quarter. New York State Teachers Retirement System owned about 0.12% of H&R Block worth $8,744,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning raised its position in H&R Block by 86.6% during the 3rd quarter. Creative Planning now owns 86,175 shares of the company's stock worth $5,476,000 after buying an additional 39,990 shares during the last quarter. Blue Trust Inc. increased its stake in shares of H&R Block by 28.6% in the third quarter. Blue Trust Inc. now owns 5,482 shares of the company's stock worth $348,000 after acquiring an additional 1,219 shares during the period. Raymond James & Associates raised its holdings in shares of H&R Block by 0.6% during the third quarter. Raymond James & Associates now owns 163,525 shares of the company's stock worth $10,392,000 after purchasing an additional 1,024 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in H&R Block by 329.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 119,394 shares of the company's stock valued at $7,587,000 after purchasing an additional 91,604 shares during the period. Finally, Venture Visionary Partners LLC purchased a new stake in H&R Block in the third quarter valued at $222,000. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Price Performance

Shares of H&R Block stock traded down $0.13 during trading hours on Friday, reaching $52.29. The stock had a trading volume of 1,327,178 shares, compared to its average volume of 1,193,793. H&R Block, Inc. has a twelve month low of $45.87 and a twelve month 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 firm has a market capitalization of $7.00 billion, a PE ratio of 14.40, a PEG ratio of 0.80 and a beta of 0.69. The stock's 50 day moving average is $53.85 and its 200 day moving average is $58.39.

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

H&R Block Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be given a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a dividend yield of 2.87%. H&R Block's dividend payout ratio (DPR) is presently 41.32%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com downgraded 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 set a $70.00 price objective on shares of H&R Block in a research note on Wednesday, February 5th.

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.