Rockefeller Capital Management L.P. Has $3.41 Million Stock Position in H&R Block, Inc. (NYSE:HRB)

Rockefeller Capital Management L.P. lowered its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 45.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,621 shares of the company's stock after selling 44,340 shares during the period. Rockefeller Capital Management L.P.'s holdings in H&R Block were worth $3,407,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of H&R Block by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock worth $313,735,000 after acquiring an additional 255,354 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of H&R Block by 52.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,738,190 shares of the company's stock valued at $148,492,000 after purchasing an additional 939,270 shares during the period. Dimensional Fund Advisors LP increased its stake in H&R Block by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,484,417 shares of the company's stock worth $134,726,000 after purchasing an additional 23,792 shares in the last quarter. AQR Capital Management LLC raised its holdings in H&R Block by 39.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,131,451 shares of the company's stock worth $115,418,000 after buying an additional 606,250 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in H&R Block by 1,630.9% in the third quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company's stock valued at $49,395,000 after buying an additional 732,359 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company's stock.

Wall Street Analyst Weigh In

HRB has been the subject of several research reports. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a research report on Friday, August 16th. Barrington Research reiterated an "outperform" rating and set a $70.00 target price on shares of H&R Block in a report on Friday, November 8th. Finally, The Goldman Sachs Group boosted their price target on H&R Block from $39.00 to $44.00 and gave the company a "sell" rating in a report on Friday, August 16th.

H&R Block Stock Down 0.0 %

Shares of HRB traded down $0.01 during mid-day trading on Friday, hitting $57.34. 926,112 shares of the company's stock were exchanged, compared to its average volume of 1,200,261. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. 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 $7.86 billion, a PE ratio of 13.99, a P/E/G ratio of 0.88 and a beta of 0.66. The company has a 50-day simple moving average of $60.22 and a 200 day simple moving average of $58.17.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($1.17) earnings per share (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 business had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. During the same quarter in the previous year, the firm posted ($1.05) earnings per share. On average, research analysts forecast that H&R Block, Inc. will post 5.27 earnings per share for the current fiscal year.

H&R Block Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be given 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 yield of 2.62%. H&R Block's dividend payout ratio (DPR) is presently 36.59%.

H&R Block announced that its board has initiated a stock buyback program on Thursday, August 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 16.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at H&R Block

In other news, VP Kellie J. Logerwell sold 8,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $64.41, for a total transaction of $515,280.00. Following the sale, the vice president now owns 18,474 shares in the company, valued at $1,189,910.34. This represents a 30.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.30% of the company's stock.

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.