Prudential PLC Sells 69,233 Shares of H&R Block, Inc. (NYSE:HRB)

Prudential PLC lowered its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 86.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,822 shares of the company's stock after selling 69,233 shares during the quarter. Prudential PLC's holdings in H&R Block were worth $572,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HRB. Huber Capital Management LLC raised its holdings in shares of H&R Block by 14.9% in the fourth quarter. Huber Capital Management LLC now owns 23,200 shares of the company's stock valued at $1,226,000 after purchasing an additional 3,000 shares during the last quarter. Franklin Resources Inc. grew its position in H&R Block by 18.5% in the 4th quarter. Franklin Resources Inc. now owns 296,509 shares of the company's stock worth $15,668,000 after purchasing an additional 46,229 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of H&R Block by 11.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,646 shares of the company's stock worth $144,000 after buying an additional 263 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of H&R Block by 12.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,050,678 shares of the company's stock worth $108,358,000 after buying an additional 232,095 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in shares of H&R Block by 29.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 7,222 shares of the company's stock valued at $382,000 after acquiring an additional 1,623 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on HRB shares. Barrington Research reissued an "outperform" rating and issued a $70.00 price objective on shares of H&R Block in a research report on Wednesday, February 5th. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th.

H&R Block Stock Performance

Shares of HRB stock traded up $2.05 during trading hours on Friday, hitting $59.12. 1,922,552 shares of the company were exchanged, compared to its average volume of 1,325,780. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 16.46. The firm has a fifty day simple moving average of $53.68 and a 200 day simple moving average of $56.25. H&R Block, Inc. has a 52-week low of $45.87 and a 52-week high of $68.45. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.80 and a beta of 0.39.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data 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%. Research analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.50 dividend on an annualized basis and a yield of 2.54%. H&R Block's dividend payout ratio is 41.32%.

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.