H&R Block, Inc. (NYSE:HRB) Shares Sold by Vestcor Inc

Vestcor Inc lessened its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 58.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,004 shares of the company's stock after selling 11,107 shares during the period. Vestcor Inc's holdings in H&R Block were worth $423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HRB. Endeavor Private Wealth Inc. purchased a new position in shares of H&R Block during the 4th quarter worth $27,000. Spire Wealth Management acquired a new position in H&R Block in the fourth quarter valued at $28,000. Darwin Wealth Management LLC purchased a new position in H&R Block during the third quarter worth about $34,000. Newbridge Financial Services Group Inc. acquired a new stake in H&R Block in the 4th quarter worth about $29,000. Finally, GAMMA Investing LLC grew 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 buying an additional 258 shares during the period. Hedge funds and other institutional investors own 90.14% of the company's stock.

Analysts Set New Price Targets

HRB has been the topic of several recent analyst reports. StockNews.com lowered shares of H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research reaffirmed an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research note on Wednesday, February 5th.

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H&R Block Trading Up 0.1 %

Shares of H&R Block stock traded up $0.06 during trading hours on Friday, reaching $52.46. The stock had a trading volume of 11,808,247 shares, compared to its average volume of 1,238,880. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. H&R Block, Inc. has a 1 year low of $45.87 and a 1 year high of $68.45. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 0.80 and a beta of 0.65. The firm has a 50 day simple moving average of $53.44 and a two-hundred day simple moving average of $57.32.

H&R Block (NYSE:HRB - Get Free Report) last announced 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 research analysts anticipate that H&R Block, Inc. will post 5.25 earnings per share 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 given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, March 4th. H&R Block's dividend payout ratio (DPR) 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.