H&R Block, Inc. (NYSE:HRB) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,211 shares of the company's stock after selling 8,341 shares during the period. Principal Financial Group Inc. owned about 0.23% of H&R Block worth $16,656,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its holdings in H&R Block by 4.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company's stock valued at $309,000 after purchasing an additional 198 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in H&R Block by 5.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company's stock valued at $270,000 after purchasing an additional 221 shares in the last quarter. GAMMA Investing LLC lifted its holdings in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in H&R Block by 5.4% in the 3rd quarter. IHT Wealth Management LLC now owns 5,586 shares of the company's stock valued at $355,000 after purchasing an additional 288 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of H&R Block by 52.6% during 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 during the period. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barrington Research reiterated an "outperform" rating and set a $70.00 price objective on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com lowered shares of H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th.

H&R Block Trading Up 2.1 %

Shares of HRB stock traded up $1.11 during trading hours on Friday, hitting $54.46. 1,264,892 shares of the company were exchanged, compared to its average volume of 1,197,100. The firm has a market cap of $7.29 billion, a PE ratio of 15.00, a PEG ratio of 0.80 and a beta of 0.69. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 16.46. The firm has a fifty day moving average of $53.73 and a 200 day moving average of $58.31.

H&R Block (NYSE:HRB - Get Free Report) last posted 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 negative return on equity of 179.15% and a net margin of 14.71%. Analysts expect that H&R Block, Inc. will post 5.25 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block's dividend payout ratio (DPR) is presently 41.32%.

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.