SG Americas Securities LLC Cuts Stock Position in H&R Block, Inc. (NYSE:HRB)

SG Americas Securities LLC trimmed its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 75.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,032 shares of the company's stock after selling 18,517 shares during the quarter. SG Americas Securities LLC's holdings in H&R Block were worth $319,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HRB. Eastern Bank acquired a new position in H&R Block in the 3rd quarter worth about $25,000. Bogart Wealth LLC increased its holdings in H&R Block by 606.1% in the third quarter. Bogart Wealth LLC now owns 466 shares of the company's stock valued at $30,000 after purchasing an additional 400 shares during the period. Darwin Wealth Management LLC bought a new position in H&R Block in the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in H&R Block in the 3rd quarter worth about $35,000. Finally, GAMMA Investing LLC increased its stake in H&R Block by 64.5% in the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after purchasing an additional 258 shares during the period. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Stock Down 1.8 %

Shares of H&R Block stock traded down $0.99 on Friday, reaching $53.21. 1,290,103 shares of the company were exchanged, compared to its average volume of 1,171,457. The company has a current ratio of 0.73, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46. The company has a 50-day moving average of $54.74 and a 200 day moving average of $58.69. H&R Block, Inc. has a one year low of $44.81 and a one year high of $68.45. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.82 and a beta of 0.69.

H&R Block (NYSE:HRB - Get Free Report) last released its 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%. On average, equities research analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Announces Dividend

The firm 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 of this dividend is Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.82%. H&R Block's dividend payout ratio is presently 41.32%.

Wall Street Analyst Weigh In

HRB has been the subject of several analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research note on Wednesday. StockNews.com upgraded H&R Block from a "hold" rating to a "buy" rating in a research report on Wednesday.

H&R Block Company 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.