Retirement Systems of Alabama Lowers Stock Position in H&R Block, Inc. (NYSE:HRB)

Retirement Systems of Alabama trimmed its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,807 shares of the company's stock after selling 29,030 shares during the quarter. Retirement Systems of Alabama owned about 0.24% of H&R Block worth $20,769,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its position in H&R Block by 29.7% during the third quarter. Franklin Resources Inc. now owns 250,280 shares of the company's stock valued at $15,179,000 after purchasing an additional 57,311 shares during the period. Tidal Investments LLC raised its position in H&R Block by 70.1% during the third quarter. Tidal Investments LLC now owns 19,495 shares of the company's stock worth $1,239,000 after acquiring an additional 8,036 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of H&R Block in the third quarter valued at about $169,000. World Investment Advisors LLC purchased a new stake in shares of H&R Block during the third quarter worth about $201,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of H&R Block by 38.7% during the third quarter. TD Private Client Wealth LLC now owns 6,076 shares of the company's stock valued at $386,000 after acquiring an additional 1,695 shares during the last quarter. 90.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other H&R Block news, VP Kellie J. Logerwell sold 8,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $64.41, for a total value of $515,280.00. Following the completion of the sale, the vice president now owns 18,474 shares of the company's stock, valued at $1,189,910.34. The trade was a 30.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company's stock.

H&R Block Price Performance

Shares of NYSE:HRB traded down $0.50 on Friday, hitting $55.50. The company had a trading volume of 824,880 shares, compared to its average volume of 1,196,590. The business has a 50 day moving average of $59.53 and a 200 day moving average of $58.43. H&R Block, Inc. has a 52-week low of $42.28 and a 52-week high of $68.45. The company has a market cap of $7.61 billion, a PE ratio of 13.54, a PEG ratio of 0.86 and a beta of 0.66. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($1.13) by ($0.04). H&R Block had a net margin of 16.19% and a negative return on equity of 212.45%. The company had revenue of $193.81 million during the quarter, compared to analysts' expectations of $188.78 million. During the same period last year, the business earned ($1.05) earnings per share. As a group, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.70%. H&R Block's dividend payout ratio (DPR) is 36.59%.

Analyst Ratings Changes

Separately, Barrington Research reiterated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a report on Friday, November 8th.

About H&R Block

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.