Quent Capital LLC Has $30,000 Stock Position in H&R Block, Inc. (NYSE:HRB)

Quent Capital LLC reduced its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 97.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 566 shares of the company's stock after selling 22,490 shares during the period. Quent Capital LLC's holdings in H&R Block were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in H&R Block by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock worth $313,735,000 after acquiring an additional 255,354 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of H&R Block by 21.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after purchasing an additional 476,892 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of H&R Block by 13.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company's stock worth $46,748,000 after purchasing an additional 107,450 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in H&R Block by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company's stock valued at $47,935,000 after purchasing an additional 25,234 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in H&R Block by 29.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company's stock worth $44,364,000 after buying an additional 156,856 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HRB shares. StockNews.com cut H&R Block from a "buy" rating to a "hold" rating in a report on Thursday. Barrington Research restated an "outperform" rating and issued a $70.00 target price on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Trading Up 0.5 %

Shares of HRB traded up $0.29 during midday trading on Monday, hitting $52.62. The stock had a trading volume of 1,219,215 shares, compared to its average volume of 1,171,457. The business has a 50-day simple moving average of $54.09 and a two-hundred day simple moving average of $58.50. The firm has a market cap of $7.21 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.82 and a beta of 0.69. The company has a current ratio of 0.73, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a fifty-two week low of $45.64 and a fifty-two week high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results 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 net margin of 14.71% and a negative return on equity of 179.15%. As a group, equities analysts forecast that H&R Block, Inc. will post 5.27 EPS for the current year.

H&R Block Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Tuesday, March 4th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.85%. H&R Block's dividend payout ratio 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.