H&R Block, Inc. (NYSE:HRB) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. decreased its stake in H&R Block, Inc. (NYSE:HRB - Free Report) by 85.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,796 shares of the company's stock after selling 22,647 shares during the period. Lecap Asset Management Ltd.'s holdings in H&R Block were worth $201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HRB. Wedge Capital Management L L P NC raised its position in H&R Block by 1,630.9% during the third quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company's stock worth $49,395,000 after acquiring an additional 732,359 shares during the last quarter. Boston Trust Walden Corp purchased a new stake in shares of H&R Block during the fourth quarter worth about $25,552,000. Pacer Advisors Inc. grew its holdings in shares of H&R Block by 21.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after buying an additional 476,892 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock worth $313,735,000 after buying an additional 255,354 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of H&R Block by 105.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 473,112 shares of the company's stock worth $24,999,000 after buying an additional 243,100 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Trading Down 1.9 %

H&R Block stock traded down $1.02 during trading on Wednesday, reaching $51.41. The company had a trading volume of 1,066,505 shares, compared to its average volume of 1,184,286. H&R Block, Inc. has a 12-month low of $45.64 and a 12-month high of $68.45. The stock's 50 day moving average price is $54.35 and its two-hundred day moving average price is $58.61. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.82 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.73.

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 (EPS) 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 expect that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal 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 dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.50 annualized dividend and a yield of 2.92%. H&R Block's dividend payout ratio is currently 41.32%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HRB. Barrington Research reiterated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th. StockNews.com upgraded shares of H&R Block from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th.

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.