Thrivent Financial for Lutherans Reduces Holdings in H&R Block, Inc. (NYSE:HRB)

Thrivent Financial for Lutherans reduced its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 59.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,246 shares of the company's stock after selling 47,444 shares during the period. Thrivent Financial for Lutherans' holdings in H&R Block were worth $1,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coldstream Capital Management Inc. grew its position in shares of H&R Block by 4.2% in the third 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 during the period. EP Wealth Advisors LLC boosted its stake 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 worth $270,000 after buying an additional 221 shares during the last quarter. CIBC Asset Management Inc grew its holdings in H&R Block by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,263 shares of the company's stock valued at $225,000 after buying an additional 222 shares during the period. US Bancorp DE increased its stake in shares of H&R Block by 1.9% during the 4th quarter. US Bancorp DE now owns 12,358 shares of the company's stock valued at $653,000 after acquiring an additional 233 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after acquiring an additional 258 shares during the period. 90.14% of the stock is owned by hedge funds and other institutional investors.

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H&R Block Trading Up 0.6 %

Shares of NYSE:HRB traded up $0.33 during trading on Wednesday, reaching $56.66. 1,868,432 shares of the stock were exchanged, compared to its average volume of 1,292,669. H&R Block, Inc. has a 12-month low of $45.87 and a 12-month high of $68.45. The firm's 50-day moving average price is $53.35 and its 200 day moving average price is $56.71. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, sell-side analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

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 dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Tuesday, March 4th. H&R Block's dividend payout ratio is presently 41.32%.

Analyst Ratings Changes

A number of research firms recently issued reports on HRB. 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. StockNews.com cut shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th.

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.